Cadillac Fairview has announced their plans to build a $70-million market in the heart of Kitchener-Waterloo. The project, called CF Grand Market District, will be surely become the most exciting new destination for work and leisure in the region, comprised of office spaces, restaurants, patios and storefronts. It will be made entirely of brick and cobblestone, resembling the historical feel of Toronto's Distillery District.
According to Retail Insider, CF Grand Market District will transform the CF Fairview Park shopping mall into a "mixed-use" retail centre. Unlike the traditional mall format we're familiar with, CF Grand Market District will be a multi-purpose hub of shopping, dining and entertainment.
CF Grand Market District will occupy the space where Sears used to be - which, according to Retail Insider, spans across 180,000 on two levels. Cadillac Fairview's SVP of Development says that half of the space will be transformed into "outward facing retail and free-standing restaurant units", and the second half will be reserved for office space and a four-storey office building.
The district will also feature a beautifully landscaped courtyard-style pedestrian areas, with nice walkable laneways, benches and places to "linger and spend time", which will be especially nice in the summertime.
"CF Grand Market District’s traditional brick and cobblestone streets and lanes pay homage to Southern Ontario’s rich examples of Victorian-era industrial architecture," reads their website's description. "These structures are often identified by their classically proportioned forms, picturesque cupolas, brickwork, chimneys and gently sloping rooflines."
"Curbside cafés, contemporary dine-in restaurants and specialty boutique grocers ensure that every appetite is satisfied," it says. CF Grand Market District will also eventually have 600 new residences, but those plans have yet to be announced in detail.
Construction for CF Grand Market District will begin this spring. Retail Insider reports that it will open to the public in 2021.