The Remington Group Inc., the driving force behind the $3 billion Downtown Markham development, has unveiled plans for an 800,000-square-foot mall at the intersection of Steeles Avenue and Kennedy Road.
A firm date has not been set for groundbreaking of the Remington Centre, which will include an adjoining 20-storey condo/ hotel tower. The project is to be built on the site of the Market Village Asian shopping centre, which will be demolished.
“We have a few more bridges to cross,” Remington Group president and CEO Rudy Bratty told a news conference. “It will be at least two years (before a construction start).”
One of those hurdles is raising capital. But Bratty said he is “confident” that financing can be arranged.
Construction cost estimates have not been released.
Read Patrcia William’s full article “Major mall planned for Markham, Ontario” in the Daily Commercial News (June 29, 2009).
Further Reading: “A Huge Gamle on Markham Asian Mall”