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Plaza Retail REIT Announces Atlantic Superstore Anchored Development in Halifax, Nova Scotia
Plaza Retail REIT Announces Atlantic Superstore Anchored Development in Halifax, Nova Scot...
About this update from Plaza Retail Reit
[{"type":"text","content":"\n\n\n\nPlaza Retail REIT Announces Atlantic Superstore Anchored Development in Halifax, Nova Scotia\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\nFREDERICTON, NB, July 7, 2020\n\n\n\nFREDERICTON, NB, July 7, 2020 /CNW/ - Plaza Retail REIT (\"Plaza\") (TSX: PLZ.UN) is pleased to announce that it will be developing a new retail centre on Hogan Court in the West Bedford area of Halifax.  The project will be anchored by Atlantic Superstore, as well as approximately 20,000 square feet of essential-needs and convenience-oriented retail offerings.  The location, immediately off Highway 102 in one of the fastest growing areas in Halifax, is surrounded by newly-developed medium and high density residential neighbourhoods, as well as hotel, retail and institutional uses. \n\"The development of this style of essential-needs retail has been our core business since we started in 1999 and will add to the resiliency of our portfolio,\" said Michael Zakuta, Plaza's CEO.  \"We are very excited to be working with Loblaw in this fast-growing area of Halifax.\"  \nConstruction for this project, which was in planning prior to COVID-19, will begin in early July.  The first retailers are projected to open in the spring of 2021.    \nABOUT PLAZA\nPlaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at March 31, 2020 includes interests in 272 properties totaling approximately 8.4 million square feet across Canada and additional lands held for development. Plaza's portfolio largely consists of open-air centres and stand-alone small box retail outlets and is predominantly occupied by national tenants.  For more information, please visit www.plaza.ca.\nCautionary Statements regarding Forward-looking Information\nThis press release contains forward-looking statements with respect to Plaza and its operations, which can generally be identified by the use of forward-looking words such as \"will\", \"proje...