Bayview Village Shopping Centre
 Bayview Village Shopping Centre | |
 | |
| Coordinates | 43°46′07″N 79°23′09″W / 43.768661°N 79.385812°W |
|---|---|
| Address | 2901 Bayview Avenue Toronto, Ontario, Canada M2K 1E6 |
| Opening date | 1963[1] |
| Owner | British Columbia Investment Management Corp.[2] |
| No. of stores and services | 110 |
| No. of anchor tenants | 1 – Loblaws, Shoppers Drug Mart |
| Total retail floor area | 444,000 square feet (41,200 m2) |
| No. of floors | 1 |
| Website | Bayview Village Shopping Centre |
Bayview Village Shopping Centre is a shopping mall in the North York area of Toronto, Ontario, Canada, containing over 110 stores. The 440,000-square-foot (41,000 m2) shopping mall is located at Bayview Avenue and Sheppard Avenue in the community of Willowdale, and neighbourhood of Bayview Village.
History
Bayview Village was built in the 1960s as an open air mall. It was one of the numerous post-World War II small neighbourhood community malls that were built in the inner suburbs of Toronto where residential neighbourhoods were growing. All of these community plazas were strip malls with one or two anchors.[3]
By the 1990s, shopping trends changed to power centres anchored by big-box stores, and many of these community malls such as Honeydale Mall declined during this time. However Bayview Village stayed competitive as its owners frequently overhauled the property to keep up with current trends. To distinguish itself from larger shopping centres, the owners of Bayview Village gentrified and sought out high-end independent boutiques not available in larger malls.[3] Bayview Village was the host of the first GAP store in Canada.[4]
Bayview Village is located in the affluent neighbourhood of Bayview Village where significant transit-oriented condominium development has enabled it to thrive despite being close to the larger Fairview Mall.[3]
In 2013, the mall was conditionally sold for $500 million to a British Columbian property company. This was the biggest single property sale of 2013.[2]
Current status
Since its redevelopment in 1998, the tenants of the mall have become more exclusive and aimed at the more affluent shoppers from the nearby areas of Bayview Village, York Mills, The Bridle Path, Sunnybrook and Lawrence Park. It contains the "only North American outpost" of a number of high end fashion designers, as well as outlets for luxury American designers such as Brooks Brothers and a branch of the expensive Toronto grocery store Pusateri's. The target customer for the Bayview Village Shopping Centre is female, over 30 years old, with an annual household income of over $100,000.[4]
Anchors
Former anchors
- Long time anchor store Kmart closed in 1998. The store was demolished and the location redeveloped to house a Chapters and a large LCBO store as well as additional mall space.[3]
References
- ^ About Bayview Village, The Gerber Group
- ^ a b Garry Marr (13 November 2013). "Toronto's Bayview Village sold for $500-million in biggest property sale this year". Financial Post. Retrieved December 2013.
{{cite web}}: Check date values in:|accessdate=(help) - ^ a b c d "A Saga Of Two Plazas". National Post. November 17, 2007. Retrieved March 8, 2010.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ a b Rashwan, Karim (September 12, 2014). "Quiet Luxury Awaits at Toronto's Bayview Village". Retail Insider. Retrieved February 12, 2015.
External links
