Market Village

Market Village
城市廣場 (城市广场)
Location 4390 Steeles Avenue East
Markham, Ontario,
Canada
Opening date 1990
Closing date March 1, 2018
Developer Cedarland Properties Limited (Remington Group)
Owner Remington Group
No. of stores and services 170+ (Before closure)
Total retail floor area 325,000 sq ft (30,193 m2)[1]
No. of floors 2
Website http://www.marketvillage.net/
Market Village
Traditional Chinese 城市廣場
Simplified Chinese 城市广场

Market Village (Traditional Chinese: 城市廣場; Simplified Chinese: 城市广场) was a 325,000-square-foot (30,200 m2) Chinese shopping mall in Markham, Ontario, Canada.[1] Opened in 1990 and expanded in 1995, the mall closed on March 1, 2018.[2]

Features

The mall was composed of nine buildings, which incorporated a combination of indoor and outdoor pedestrian malls. Most stores in Market Village were family-run, though there were several non-Chinese retailers, and some stores with links to Hong Kong.[3] Major anchor stores included two Chinese supermarkets, and branches of the Bank of Montreal and HSBC Bank.[4] At its peak, there were 170 stores and businesses in Market Village;[1] roughly 120 businesses were still in operation in 2014.[4]

Proposed expansion & closure

On June 15, 2005, Pacific Mall and Market Village announced a 400,000 square foot (37,000 square meter) expansion that would add additional retail space, a luxury hotel, condominiums, and a multi-level parking structure. [5] The expansion would see the entirety of Market Village be demolished and replaced with a new mall, the Remington Centre.[6] The initial plan was endorsed by Markham City Council in 2011.[7]

The expansion has faced delays due to concerns over traffic congestion from nearby property owners, as well as a pending environmental assessment and transit study by the City of Toronto.[7][8] Prior to Market Village's impeding closure, only minimal maintenance and repairs were being done; many businesses closed or moved after store leases expired and were not renewed. Market Village announced in early 2017 that it would be hosting its final Chinese New Year celebration, and formally closed on March 1, 2018.[2]

References

  1. 1 2 3 "Market Village - Direction". Market Village English. Retrieved 9 November 2014.
  2. 1 2 O'Neil, Lauren (2018-02-28). "Market Village closes its doors". blogTO. Retrieved 2018-05-31.
  3. ↑ DKLo (2012-05-16). "Time winding down for Market Village". blogTO. Retrieved 2018-05-31.
  4. 1 2 "Store Directory_English". Market Village English. Retrieved 9 November 2014.
  5. ↑ "June 15, 2005 – Pacific Mall and Market Village". Corporate Markham In The News (via Archive). Retrieved 2018-05-30.
  6. ↑ "In the Loop, July 2011" (PDF). Remington Group. Retrieved 29 January 2012.
  7. 1 2 Persico, Amanda (2016-02-17). "Lack of agreement stalls Markham retail hub's redevelopment". YorkRegion.com. Retrieved 2018-05-30.
  8. ↑ Kelly, Tim (2017-04-27). "Ghost town Markham: Area plagued by vacant houses, crazy real estate market". YorkRegion.com. Retrieved 2018-05-30.

Coordinates: 43°49′31.8″N 79°18′12.6″W / 43.825500°N 79.303500°W / 43.825500; -79.303500

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