Laurier Québec

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Laurier Québec
Laurier Quebec mall, Québec city.jpg
Map
Coordinates46°46′12″N 71°17′06″W / 46.77°N 71.285°W / 46.77; -71.285Coordinates: 46°46′12″N 71°17′06″W / 46.77°N 71.285°W / 46.77; -71.285
Address2700, boulevard laurier
Quebec City, Quebec
G1V 2L8
Opening dateNovember 11, 1961
DeveloperImmeubles Delrano Inc.
ManagementIvanhoé Cambridge
OwnerIvanhoé Cambridge (50%), DMA (50%)
No. of stores and services300[1]
No. of anchor tenants5
Total retail floor area1,174,639 sq ft (109,127.5 m2)[2]
No. of floors3
Websitewww.laurierquebec.com/en
[3][4]

Laurier Québec (formerly called and still commonly referred to as Place Laurier) is one of Canada's largest shopping malls. It is located in Quebec City, Quebec (in what was formerly the city of Sainte-Foy).

Though Galeries de la Capitale is the biggest mall in the city in terms of area, Laurier Quebec remains the largest by number of tenants. It has approximately 300 stores and restaurants and is built on three levels with underground, multilevel, and outdoor parking. Major tenants include La Baie d'Hudson, Best Buy, Toys "R" Us, Marshalls and Walmart. Other tenants include jewellery, gift, shoe, book, eyeware, music, toy, electronics, clothing, hardware, and pet stores as well as hair and beauty salons.

Four of the original 50 tenants from 1961 are still in the mall: Reitmans, the Laurier Comneuf cordwainer shop, the Doucet jewellery store, and the Laurier dry-cleaner.[5][6] The mall was noteworthy for having two Zellers stores at the same time in the 1990s and two Dominion supermarkets in the 1960s.[7][8]

History

1960s

Place Laurier was the first indoor mall in the province of Quebec.[9] It opened on November 11, 1961, as a two-level mall with 50 stores including anchors Pascal, Syndicat, Kresge's, Towers, Dominion Stores as well as an office building with eight floors known as Tour Frontenac.[8] They were shortly joined by a Paquet store.[8]

In 1964, an expansion occurred in both extremities of Place Laurier.[10] In the western part, a new mall section of three floors was built on Towers' original anchor space.[8] The first floor of this western expansion constituted of the relocated Towers store, a second Dominion supermarket, and a Marquis de Montcalm restaurant.[8] The second floor was reserved for a relocated Syndicat (which had tripled its size), the first level of a new Norman store as well as a branch of the Bank of Montreal.[8][10] The third floor was mostly for the second level of Norman.[8] In total, 403,000 square feet was added in this western expansion of three floors.[8] In the eastern side of the mall, Pascal increased its size by 30% in absorbing Paquet's original location.[8] The latter moved in a brand new two-level building of 131,980 square feet.[8][10]

1970s

An expansion to the north welcomed a two-level Sears store of 160,000 square feet and a new mall section of 48 boutiques spread on three floors for an additional 100,000 square feet of retail space.[8] Sears opened in October 1971 under its then-name of Simpsons-Sears and was the chain's second store in the Quebec City area.[11] The rest of the northern section inaugurated in 1972.[8]

In 1976, Marathon Realty, the real-estate of Canadian Pacific, purchased for $40 million Place Laurier from Les Immeubles Delrano.[12]

1980s

Paquet and Syndicat both declared bankruptcy in 1981.[8] A 80,920 square feet single-level Zellers opened on November 3, 1982 in one of the two floors of the closed Paquet store.[13][8] As for Syndicat's vacant space, it was eventually subdivided by anchors Toyville and Wise, a General Motors car dealership and some 10 stores.[8]

An expansion to the south installed on September 15, 1982 a two-level La Baie store and a new mall section of 65 boutiques spread on two floors.[8][14] 130,000 square feet of retail space was brought by La Baie alone and another 129,534 for the boutiques.[8]

At this point, Place Laurier has undergone nine expansions between 1961 and 1986.[8]

1990s

Pascal went bankrupt in 1991, leaving Toys "R" Us to occupy 40,000 square feet of the vacant space.[9]

Zellers converted Bonimart into its nameplate in 1991 resulting in Place Laurier having two department stores with the same name.[15] In the summer of 1996, the Zellers on the east side of the mall (previously Paquet) closed and was replaced by boutiques, while Zellers on the west end (formerly Towers/Bonimart) was enlarged to reach 135,000 square feet.[7][16]

In 1994, Marathon sold half of its stake in Place Laurier to OMERS Realty Corp, the real estate investment arm of Ontario's municipal employees' pension fund.[17] The manager of Place Laurier changed to Oxford Properties on October 2, 1996 due to the acquisition of Marathon by Olympiad Acquisitions, a company jointly owned by Oxford and GE Capital.[18]

2000s

Ivanhoe, the real estate arm of the Caisse de depot et placement du Quebec became the manager of Place Laurier in May 2000 and also acquired the 50% stake that was owned by Oxford.[19] Ivanhoe merged in 2001 with Cambridge Shopping Centres to become Ivanhoé Cambridge.[20]

2010s

Mall after renovation in 2019

In June 2010, Ivanhoé Cambridge purchased the 50% interest by OMERS in the property to hold 100% of the ownership.[21]

Another expansion welcomed a Best Buy store in September 2011 on the same day the retailer opened its other location at Galeries de la Capitale.[9][22]

The Zellers store that was formerly Towers/Bonimart closed on December 17, 2012.[23] Target Canada replaced it on October 18, 2013.[24] Following Target's exit, Walmart Canada acquired the lease and opened its supercenter in 2016.[25]

Marshalls inaugurated on August 25, 2016 in the space vacated by Future Shop.[26][25]

Sears closed with the rest of the chain on January 14, 2018.[27]

2020s

In late 2021, Sports Experts opened in Sears's former space at 84,000 square foot over two floors.[28]

The two-level 157,000 square foot La Baie d'Hudson store, that was added during the mall's expansion in the early 1980s, is set to close on September 11, 2022,[29] four days short of its 40th anniversary.[14] Like most locations of that retail chain, the name on its storefront had been modified from La Baie to La Baie d'Hudson during the 2010s[30] but it still lacked the renovation that another outlet in nearly Galeries de la Capitale had received.[29] The site will be redeveloped to include residential buildings.[29] The shopping center itself will triple its size from 1.3 to 3.5 million square feet.[31] Ivanhoe Cambridge will join force with the Quebec group Douville, Moffet et Associés which also bought 50% of the shopping center to carry out the project over 10 years.[31]

Major tenants

See also

References

  1. ^ Laurier Québec Retrieved April 30, 2018.
  2. ^ "Laurier Québec". www.ivanhoecambridge.com.
  3. ^ "Ivanhoé Cambridge Leasing-Property Facts". Archived from the original on August 9, 2011. Retrieved January 25, 2009.
  4. ^ Laurier Québec-History Retrieved April 30, 2018.
  5. ^ "Laurier Québec: "un grand village"". Le Soleil. November 2, 2013.
  6. ^ "Laurier Québec Store directory". www.laurierquebec.com.
  7. ^ a b "LAURIER 300 000$ à Ste-Foy". Le Soleil. Montreal. 8 August 1996. p. A2.
  8. ^ a b c d e f g h i j k l m n o p q r "PLACE LAURIER la première ville sous un même toit". Le Soleil. 5 November 1986. p. L-19.
  9. ^ a b c "Laurier célèbre ses 50 ans". Le Soleil. March 30, 2011.
  10. ^ a b c "Le Centre d'achats de Place Laurier prendra de l'expansion". L'Action catholique. 31 October 1963. p. 31.
  11. ^ "Company News (Simps'-Sears)". Montreal Gazette. Montreal. 8 October 1971. p. 27.
  12. ^ "Marathon pays $40mln for Place Laurier". Montreal Gazette. Montreal. 1 April 1972. p. 17.
  13. ^ "Cent boutiques et un magasin LaBaie s'ajoutent aux commerces de la région". Le Soleil. 4 September 1982. p. B6.
  14. ^ a b "Pas de bousculade chez La Baie". Le Soleil. 15 September 1982. p. A-2.
  15. ^ "Les deux Bonimart de la région deviendront des Zellers". Le Soleil. Quebec City. 7 December 1990. p. B3.
  16. ^ "Deux Zellers ferment". Le Soleil. Montreal. 6 April 1996. p. D1.
  17. ^ "NEWS BULLETINS Marathon sells stake". The Globe and Mail. Toronto. 1 October 1994. p. B2.
  18. ^ "Oxford Properties completes $952M deal for Marathon's realty". Edmonton Journal. Edmonton. October 2, 1996. p. G2.
  19. ^ "Oxford Properties sells stake in mall to Caisse de depot: Firm gets higher rents". National Post. Toronto. 10 May 2000. p. C11.
  20. ^ "Our history". Cdpq.com. Caisse de depot et placement du Quebec. February 6, 2017. Archived from the original on 13 November 2021.
  21. ^ "PRESS RELEASE: DBRS Confirms Place Laurier Rating of A (low) with a Stable Trend". Dow Jones Institutional News. New York. 18 October 2010.
  22. ^ "Best Buy celebrates its arrival in Quebec City with Marie-Mai, Simple Plan, Guy Lafleur, and Alain Cote". Canada NewsWire. Ottawa. 14 September 2011.
  23. ^ "Magasins Zellers de Laurier Québec et des Galeries Chagnon: locaux vidés fin décembre". Le Soleil. April 6, 2012.
  24. ^ "TARGET 'Ours is a different culture; it's a different service model'". Montreal Gazette. Montreal. September 14, 2013. p. C6.
  25. ^ a b "2748 Bd Laurier". Google Maps Timeline.
  26. ^ Patterson, Craig (November 3, 2016). "Marshalls Continues Aggressive Canadian Store Expansion".
  27. ^ "Final Sears stores close Sunday, marking the end of an era | The Star". thestar.com. 12 January 2018.
  28. ^ Toneguzzi, Mario (November 11, 2021). "Groupe Boucher Opens Canada's Largest Sports Store in Quebec City [Interview/Photos]".
  29. ^ a b c Patterson, Craig (August 1, 2022). "Laurier Quebec Shopping Centre in Quebec City to be Redeveloped, Hudson's Bay Store to Close in September".
  30. ^ "2682 Bd Laurier". Google Maps Timeline.
  31. ^ a b "Laurier Québec will triple its area".

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