Posted Nov 21, 2011, 3:13 PM
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Registered User
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Join Date: Jul 2009
Location: Orleans
Posts: 80
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RioCan just announced this today... new development in Kanata near Scotiabank Place.
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RioCan and Tanger have also entered into a purchase and sale agreement to acquire approximately 50 acres of land in Kanata, Ontario, near Ottawa, to be developed as a Tanger Outlet Center. Subject to conditions, the co-owners are expected to acquire the land, which is located off of the TransCanada Highway (Highway 417) at Palladium Drive on a 50/50 basis.
The concept, design and merchandising of the Ottawa centre will be similar to those within the highly successful Tanger portfolio of outlet centres in the US. The site is located in the suburban Ottawa market of Kanata and will benefit from its access to the greater Ottawa market. When fully complete, the project will be home to approximately 350,000 square feet of branded factory outlet retailers from the U.S. and Canada offering consumers a unique opportunity to purchase merchandise directly from leading designer and brand name manufacturers at a substantial savings.
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http://investor.riocan.com/Investor-...M/default.aspx
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