Business
Avalon Mall redevelopment improves shopping experience by securing major retailers
Avalon Mall redevelopment improves shopping experience by securing major retailers ...
About this update from Crombie Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nAvalon Mall redevelopment improves shopping experience by securing major retailers\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nNEW GLASGOW, NS, Aug. 7, 2019\n\n\n\nNEW GLASGOW, NS, Aug. 7, 2019 /CNW/ - Crombie Real Estate Investment Trust (\"Crombie\") (TSX: CRR.UN) is pleased to announce that four of the world's leading retail brands will join Avalon Mall as part of the current redevelopment project, which will improve the shopping experience and enhance Avalon Mall's position as the dominant retail shopping centre in Newfoundland and Labrador.\nOld Navy, Gap, Banana Republic, and H&M will occupy approximately 53,000 square feet of the centre, close to the newly realigned Polina and Kenmount Road intersection. These strong global brands will complement the existing mix of stores and services at Avalon Mall, with product lines that suit a wide range of demographics and needs, and all are expected to open by the third quarter of 2020. This news accompanies the opening of Winners HomeSense in their expanded location on August 6 and follows the opening of Lush earlier this year. \n\"We're very pleased with the progress we're making on the enhancement and expansion of Avalon Mall. This project aligns with Crombie's commitment to invest in welcoming, convenient properties that enrich the communities in which we operate,\" says Don Clow, President and CEO of Crombie REIT. \"Together with the recent opening of The Rec Room, and this week's opening of Winners HomeSense, these world-class retailers will enhance our customers' experience and ensure Avalon Mall is the premiere shopping destination in Newfoundland and Labrador.\"\nThe $112.3 million redevelopment and expansion project began in 2017 as Avalon Mall celebrated its 50th anniversary. In addition to adding world-class retailers, interior common areas are being transformed with contemporary porcelain tile and acoustic ceiling tiles, and lighting is being updated to LED fixtures. Work is currently underway in the food court, which will see modern finishes along with new seating and furnitu...