In the depths of the worst recession in decades, one of Canada’s richest men is taking a $1 billion gamble on suburban Chinatown with plans for a massive mall and luxury hotel/condominium complex in the heart of Markham’s shopping district.

Plans for the Remington Centre, an 800,000 square-foot Chinese-themed mall adjoining a 20-storey hotel and condo tower, are expected to be announced by Toronto developer Rudy Bratty’s Remington Group at a news conference today.

“We are really proud of this – we believe it will be the pre-eminent centre in North America,” the 77-year-old Bratty said in an interview.

Read the full article by Tony Wong “A huge gamble on Markham Asian mall” in the Toronto Star (June 19, 2009).

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