Market Village

Market Village was a 325,000-square-foot (30,200 m2) shopping mall in Markham, Ontario, Canada.[1] Opened in 1990 and expanded in 1995, the mall closed on March 1, 2018.[2]

Not to be confused with The Village Market.
This article is about the shopping mall in Markham, Ontario, Canada. For the type of municipality, see market town.
Market Village
LocationMarkham, Ontario, Canada
Coordinates43°49′31.8″N 79°18′12.6″W
Address4390 Steeles Avenue East
Opening date1990
Closing dateMarch 1, 2018
DeveloperCedarland Properties Limited (Remington Group)
OwnerRemington Group
No. of stores and services170+ (Before closure)
Total retail floor area325,000 sq ft (30,193 m2)[1]
No. of floors2
Websitemarketvillage.net
Chinese name
Traditional Chinese城市廣場
Simplified Chinese城市广场

Features

The mall was composed of nine buildings, which incorporated a combination of indoor and outdoor pedestrian malls. Most stores in Market Village were family-run, though there were several non-Chinese retailers, and some stores with links to Hong Kong.[3] Major anchor stores included two Chinese supermarkets, branches of the Bank of Montreal and HSBC Bank and McDonald's.[4] At its peak, there were 170 stores and businesses in Market Village;[1] roughly 120 businesses were still in operation in 2014.[4]

Proposed expansion & closure
See also: Pacific Mall § Future expansion

On June 15, 2005, Pacific Mall and Market Village announced a 400,000 square foot (37,000 square meter) expansion that would add additional retail space, a luxury hotel, condominiums, and a multi-level parking structure.[5] The expansion would see the entirety of Market Village be demolished and replaced with a new mall, the Remington Centre.[6] The initial plan was endorsed by Markham City Council in 2011.[7]

The expansion has faced delays due to concerns over traffic congestion from nearby property owners, as well as a pending environmental assessment and transit study by the City of Toronto government.[7][8] Prior to Market Village's impeding closure, only minimal maintenance and repairs were being done; many businesses closed or moved after store leases expired and were not renewed. Market Village announced in early 2017 that it would be hosting its final Chinese New Year celebration, and formally closed on March 1, 2018.[2] Demolition of Market Village officially began in October 2018 with west wing of mall demolished in December 2018. Some retailers from the mall have moved north to Denison Centre, a smaller plaza located at Kennedy Road and Denison Street. In 2019, the whole mall has been demolished.

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References
  1. "Market Village - Direction". Market Village English. Retrieved 9 November 2014.
  2. O'Neil, Lauren (2018-02-28). "Market Village closes its doors". blogTO. Retrieved 2018-05-31.
  3. DKLo (2012-05-16). "Time winding down for Market Village". blogTO. Retrieved 2018-05-31.
  4. "Store Directory_English". Market Village English. Retrieved 9 November 2014.
  5. "June 15, 2005 – Pacific Mall and Market Village". Corporate Markham In The News (via Archive). Archived from the original on 2005-08-28. Retrieved 2018-05-30.
  6. "In the Loop, July 2011" (PDF). Remington Group. Retrieved 29 January 2012.
  7. Persico, Amanda (2016-02-17). "Lack of agreement stalls Markham retail hub's redevelopment". YorkRegion.com. Retrieved 2018-05-30.
  8. Kelly, Tim (2017-04-27). "Ghost town Markham: Area plagued by vacant houses, crazy real estate market". YorkRegion.com. Retrieved 2018-05-30.
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