TORONTO, Oct. 19, 2018 (GLOBE NEWSWIRE) — Bayfield Realty Advisors Inc. (Bayfield) is pleased to announce that the Niagara Square Shopping Centre in Niagara Falls, Ontario will be the site of a new store to be opened by a major North American retailer. The store will serve as a strong new anchor for Niagara Square, (currently the subject of a significant and exciting redevelopment) in the rapidly expanding west end of the City of Niagara Falls.
Bayfield initially met with Mayor Jim Diodati and City Staff three years ago to discuss the redevelopment of Niagara Square. Through his leadership and persistence, he was able to help us bring the Retailer to Niagara Falls. His meetings and discussions with their representatives proved instrumental in the company’s decision to select the Niagara Square site as a natural location for their next store.
Harold Spring, President and CEO of Bayfield commented:
“We are excited about our revitalization of Niagara Square and to be a significant part of the rapidly growing west end retail node of the City. The Retailer’s representatives were impressed with the vision and direction for the City that Mayor Diodati shared with them. They were excited to hear about the new Niagara South hospital, Go Train service to Niagara Falls and other developments taking place in the City, all of which helped solidify their decision to locate a new store at Niagara Square.”
While details were being finalized, we appreciate that the City has kept the process involved with bringing this significant retail firm to Niagara Square confidential. Clearly, the City understood the sensitivity and what was required to ensure the success of this type of business negotiation.
The new store will be part of a multi-million dollar investment by the owners of Niagara Square and will be the main anchor store at the Niagara Square Shopping Centre. The store will be over 100,000 square feet in size and include additional amenities to serve customers. The new store is expected to be open in Niagara Square in 2020.
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CONTACT BAYFIELD
Steven Campbell, VP Asset Management
Bayfield Realty Advisors Inc. 416-227-1552 Ext 234
scampbell@bayfieldadvisors.com