Guildford Town Centre keeps getting bigger. The 985,000-square-foot mall is being renovated to add 215,000 square feet of retail space, the mall’s general manager, Peggy White, told Business in Vancouver earlier this summer.
More details about the current expansion is expected to be announced today by owner Ivanhoe Cambridge.
A multi-storey parkade is being built to make 5,200 total parking spaces – up from 3,500 current spaces and 5,000 spaces that existed before the mall expansion started.
Most of the 800 people who work at Guildford on an average day drive to work and take parking spots that would otherwise be freed up for shoppers.
Sources told BIV that the mall owner will confirm it has pumped $280 million into the complex to build the new space – a project that has created 4,000 construction-related jobs. Once complete, the new space would add 750 permanent retail jobs.
Glen Korstrom
Twitter: GlenKorstrom