Avalon MallGo To Property Page
St. John's, Newfoundland and Labrador
In order to enhance customers’ experience further, Crombie has initiated a three-year, multi phased, redevelopment of Avalon. Phase 1 is underway and includes the construction of a four-level 875 space parking structure, redesign and realignment of the main mall vehicular access, and the redesign and renovation of the mall's interior common areas. The capital upgrades are expected to enable Crombie to continue to improve tenant mix, increase sales per square foot, maximize NOI, and continue to be the premier enclosed shopping mall in the province.
Crombie has negotiated a lease surrender of the 129,000 square foot Sears effective February 2018, enabling acceleration of planning to redevelop this section of the mall. This $53 million phase II redevelopment will involve demolition of a portion of the existing Sears and expanding the existing mall toward Kenmount Road. The redevelopment provides an opportunity to replace the former Sears space with new and/or completely renovated modern tenant spaces, common areas, and mall exterior. Construction of this phase will begin in 2018 with occupancy in early 2019 of the redeveloped Sears. Construction of the expansion area will continue throughout 2019 with occupancy expected in 2020.