Cadillac Fairview invests $21M to support redevelopment of CF Shops at Don Mills
Toronto-based Cadillac Fairview (CF), the real estate investment arm of Ontario Teachers’ Pension Plan, has invested $21 million in CF Shops at Don Mills, an urban outdoor shopping and entertainment destination in Toronto. The funds will be used to upgrade the destination, which opened in April 2009.
“CF Shops at Don Mills is a unique shopping, dining and entertainment experience-led destination with a strong connection to the community and surrounding area,” said Niall Collins, Senior Vice President, Development, Cadillac Fairview. “Through property investment, we are bringing more of what guests love to the centre, creating an inviting and accessible space where everyone can spend the day and come together year-round.”
The redevelopment project is expected to be completed in the spring of 2017 and will include:
- Pedestrian and parking improvements
- Enhanced entertainment zone and outdoor gathering places
- Additional Transit Accessibility
- Addressing Community Feedback