Photo courtesy McArthur Glen
The Vancouver Airport Authority and McArthur Glen Group have announced their joint venture at YVR, their high-end outlet mall, is about to offer even more shopping for both Richmondites and the travelling public.
The project is scheduled to open in Spring 2019. This new build will offer an additional 84,000 square feet of retail space and up to 35 new upscale brands to the centre.
The firm says, “This is a joint venture between McArthurGlen Group, Europe’s leading owner, developer and manager of designer outlets, and Vancouver Airport Authority (YVR). As a not-for-profit organization, YVR is committed to developing innovative sources of non-aviation related revenue, such as this partnership with McArthurGlen. This joint venture further strengthens the local economy and adds to the more than 24,000 jobs already in place on and near Sea Island. McArthurGlen Vancouver was the first designer outlet to open in the Vancouver area, and benefits from 2.7 million shoppers who live within a 90-minute radius of the centre.”
Scott Norris, YVR’s vice president for commercial development says, “The Designer Outlet Centre not only creates jobs and encourages tourism for our local community—it is also one of the ways we look at generating revenue outside of airport operations with the goal of keeping costs for our passengers and airlines low. This innovative business model enables us to continue building YVR as a world-class connecting hub.”
McArthur Glenn management says the existing 240,000 sq ft centre will remain during construction.
“In less than three years the centre has become a key retail destination in Metro Vancouver,” said Robert Thurlow, General Manager of McArthurGlen Designer Outlet Vancouver Airport. “We have seen tremendous support from local communities and tourists from all over the world and we’re proud of our growing list of awards and various in-centre events and activities. As one of Canada’s best performing malls, we are excited to expand our existing offer, elevating the retail experience for our guests and brand partners.”
“Shopping, Chinese restaurants, visiting Steveston – those are the top three things visitors want to do while in Richmond,” says Bruce Okabe, Chief Executive Officer of Tourism Richmond. “McArthurGlen is a key partner of ours and we’re thrilled about the expansion. It’ll be good for both the local economy as well as visitors seeking a unique shopping experience.”
The addition is expected to add up to 400 construction and retail jobs.