At First Capital, we strive to help communities grow and flourish while continuing our work in building thriving neighbourhoods. Our Cedarbrae Mall property is a great example of how we’re making a positive impact in our neighbourhoods by revitalizing our properties. If you have visited Cedarbrae Mall in the past, you may have noticed that it looks completely different today. Keep reading to learn more about our Cedarbrae Mall property, the renovations that took place, and why this redevelopment benefits the local neighbourhood and community!
An Introduction to Cedarbrae Mall
Cedarbrae Mall is located in the heart of Scarborough. With over 60 retailers and restaurants to shop and dine at, this 476,000 sq ft enclosed shopping centre is anchored by Canadian Tire, GoodLife, No Frills, Dollarama, Winners, and LCBO. Cedarbrae Mall is where consumers shop for groceries, prescription drugs, personal care items, and household supplies. They can also do their banking and other personal services, or have a coffee and a bite to eat, making it a true shopping destination for everyday needs. Cedarbrae Mall serves the surrounding family-oriented neighbourhoods with over 103,325 households and a population exceeding 291,400 within a 5km radius.
Demographics
Average Household Income within:
1 km – $73,084
3 km – $73,084
5 km – $79,793
Average number of Households within:
1 km – 4,630
3 km – 46,628
5 km – 103,541
Average Population within:
1 km – 13,879
3 km – 134,886
5 km – 291,487
History of Cedarbrae Mall
The mall opened in 1962 as a plaza and was anchored by a Woolworth’s, a Zellers store, a Steinberg’s and a Simpsons, which later, in 1991 became a Hudson’s Bay.
Renovations to Cedarbrae Mall would soon replace the original anchors, and bring a larger Zellers store, as well as additional retail space to the east and west sides of the mall. A No Frills, Canadian Tire, Toys “R” Us, as well as a renovated food court area and both an upper and lower floor were the next few major events for the mall.
In August 1996, the mall was acquired by First Capital and announced it would begin expansion and renovation. In 2012, the Zellers store was acquired by Target, but later sold to Walmart Canada and opened as Walmart in late 2012. A Jysk store also opened around this time, to the west of No Frills.
During mid-2013, the mall went through major renovations which included the full replacement of the interior and exterior lighting, automatic and energy-efficient washrooms, floor and ceiling finishes, a repaved parking lot, an enhanced food court, and the rebranding of the mall. By late 2013, most of the work was completed, with the exception of final touches such as carpets and mall seating. The food court, named Food Emporium, finished renovations slightly later.
On January 31, 2019, The Walmart closed permanently. This provided First Capital with the perfect opportunity to revitalize and modernize this portion of the mall to better meet the needs of the neighbourhood.
Project Overview: A New Vision
Cedarbrae Mall has been undergoing a lot of new redevelopments and renovations, which were just recently completed. You might be wondering, what’s changed?
At First Capital, we pride ourselves on owning and operating some of the most accessible and conveniently located properties across the country. The former 120,000+ sf Walmart space at Cedarbrae Mall provided us with the opportunity to create better access into the centre while bringing more tenants to the property to better meet the needs of the community:
The 120,000 sf space has been transformed into 18 mixed-use units for future offices and various retailers. The renovated two-storey area has upgraded exteriors, new storefronts, improved public spaces, sidewalks, parking, and a convenient new mall entry. The ground floor now has 16 units, including 5 larger units with new storefronts facing outside and smaller interior units catering to local businesses.
Before the Redevelopment
Construction at Work
Present Day: Redevelopment Now Completed!
“This exciting new redevelopment will better serve the Scarborough community” But how?
1)New and Relocated Tenants/Stores
Through this redevelopment, we welcomed many new tenants to Cedarbrae Mall, including Winners, Mark’s, Wellwise by Shoppers, Healthy Planet, and many more! This redevelopment provides a healthier tenant mix and an overall diverse shopping environment, adding a range of both national tenants and local businesses to the mall. From health and wellness to fashion and gifts, patrons can conveniently shop for everything they need under one roof. With these new additions, this mall is sure to become a prime shopping hub for tourists and anyone visiting the city!
Here’s a few of the new tenants we welcomed to Cedarbrae Mall:
DOLLARAMA
MARK’S
HEALTHY PLANET
WINNERS
WELLWISE BY SHOPPERS
ARDENE
FIT4LESS
CUNNINGHAM TAEKWONDO
VIRGIN PLUS
2) Designed with Visitors, Tourists, and the Local Community in Mind
Improving accessibility, walkability, and the overall appearance was a top priority for Cedarbrae Mall’s redevelopment. Now, with upgraded public areas, sidewalks, and parking, it’s easier than ever to navigate in and around the mall. A convenient new mall entry was also added, bringing the total to four entrances for easy access. As you’ll notice, the upgraded and modernized storefronts give the mall a fresh, new, and inviting look. Finally, with a large selection of new tenants, patrons can enjoy a vibrant and dynamic shopping experience.
3) Added Retail and Future Office Spaces for Local Businesses
This redevelopment adds more spaces and units for local businesses and professionals, allowing new tenants to take advantage of the overall convenience the centre offers. By bringing in a mix of different tenants, the mall attracts a wider range of visitors, ultimately becoming a community hub for the local neighbourhood. This shows that we are not just upgrading the mall, but we are also giving more support to local businesses, providing them with the perfect spaces to grow and thrive.
What’s Next: Our Plans and Goals for Our Properties
Did you know that we hosted a Grand Reopening Event at our Cedarbrae Mall property?
On Friday, March 15th, 2024, we celebrated the reopening of the mall through a Spin-to-Win prize event, showcasing their new tenants and fresh renovations. Everyone had a blast spinning our prize wheel, with chances to win a Cedarbrae Mall-branded tote bag or gift cards from various tenants in the mall, including Winners, Dollarama, Tim Hortons, Mark’s, Ardene, and more. We had a great time serving our tenants and the local community, and we can’t wait to see what’s in store for Cedarbrae Mall!
First Capital is pleased to contribute to the growth and revitalization of the Cedarbrae community and continue our work in building thriving neighbourhoods. Like Cedarbrae Mall, we have plans to revitalize various properties across our portfolio. Our goal is to improve the accessibility and convenience of our properties to better serve the needs of the surrounding community. Stay tuned for more updates on how we’re continuing to build thriving neighbourhoods across our properties!
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