Harden Announces Strategic Sale of the 3rd Phase of Méga Centre Notre-Dame, Accelerating Laval Redevelopment and Community Growth
Article content
VAUDREUIL-DORION, Québec — Harden announces the strategic sale of a 27-acre portion of Méga Centre Notre-Dame in Laval to Rosefellow, a leading Montreal-based industrial real estate developer for a purchase price of $75M This transaction marks a key milestone in the site's transformation, supporting broader redevelopment efforts and reinforcing a long-term commitment to enhancing Laval's economic and commercial vitality. Harden co-owns the property with RioCan in a 50% partnership which is dedicated to the site's evolution and its strategic importance to the region.
Article content
As part of a shared vision to unlock the full potential of this highly visible and accessible site along Highway 13, the Harden-RioCan partnership is reinvesting in the retail component of the property following the sale. The portion sold to Rosefellow was a less productive area of the site. This strategic disposition enables targeted reinvestment into the retail core of Méga Centre Notre-Dame, accelerating its transformation into a productive, dynamic destination for residents, workers, and visitors alike.
Article content
Article content
'We are proud to continue our role in strengthening Laval's retail and commercial environment,' said Tyler Harden, Co-Chief Executive Officer, Harden. 'This sale supports a broader redevelopment vision that brings new energy and economic growth to the area. With new retailers like Sephora already open, Krispy Kreme on the way, and major expansions by iconic brands such as Winners/HomeSense, Gap, Banana Republic, La Vie En Rose, Dollarama and Poulet Rouge, Méga Centre Notre-Dame is entering a new chapter that reflects our dedication to creating lasting value for residents and businesses alike.'
Article content
This transformation includes the expansion of Winners/HomeSense into one of the largest stores of its kind in Quebec, with a footprint of approximately 70,000 square feet, and a significant expansion by Dollarama. These enhancements, coupled with the arrival of high-profile brands like Sephora, reinforce the centre's appeal and solidify its role as a commercial anchor in Laval.
Article content
'This transaction highlights the strength of our retail portfolio and our ability to strategically unlock value from well-located assets,' said Jonathan Gitlin, President and CEO, RioCan Real Estate Investment Trust. 'By monetizing a less productive portion of the site at an 80% premium to IFRS value and reinvesting in its high-performing core, we have strengthened the long-term viability of Méga Centre Notre-Dame and delivered meaningful value for our unitholders.'
Article content
Rosefellow's planned $200 million redevelopment will introduce three state-of-the-art industrial buildings, meeting the growing regional demand for high-performance logistics and light industrial space. This development will complement the centre's retail operations, creating a mixed-use hub that draws value from both sectors while serving the evolving needs of the community.
Article content
A dynamic tenant reconfiguration is already underway, with established retailers like GAP, Banana Republic, La Vie En Rose, Carter's OshKosh, Dormez-Vous, Dollarama, Sushi Shop, Thai Express, Service Canada, and SQDC relocating within the site to optimize layout and enhance the shopping experience. This reimagining also makes room for innovative new concepts, including Mondou's next-generation store and a refreshed Second Cup café, adding renewed energy and tenant mix to the centre.
Article content
Harden, in partnership with RioCan, continues to actively manage and enhance the remaining portions of Méga Centre Notre-Dame. A portion of these improvements is already complete, reflecting the partners' ongoing commitment to improve the site's layout, aesthetics, and visitor experience. This sustained effort underscores their dedication to shaping vibrant, welcoming spaces that support the community and long-term commercial vitality.
Article content
Article content
Article content
Article content
Contacts
Article content
Media information:
Article content
Article content
Julie Krupa
Article content
Article content
Article content
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
32 minutes ago
- Globe and Mail
Politics Insider: Carney recruits Hydro‑Québec CEO to head public service
Hello, welcome to Politics Insider. Let's look at what happened today. Mark Carney has recruited Hydro‑Québec CEO Michael Sabia to take over as the country's top bureaucrat to help advance the Prime Minister's ambitious agenda. Sabia had served as deputy minister of finance before he left government to serve as head of the Quebec pension plan and later Hydro‑Québec. The current Clerk of the Privy Council John Hannaford announced today that he will leaving the government as the head of the public service and top adviser to the Prime Minister. Robert Fife reports that Carney had sought out Sabia because he needed a Privy Council clerk with business experience, who can push through his agenda, which includes major nation-building projects, a revamped military, major housing initiatives and cost-cutting expenditures for the public service. As Privy Council clerk, Sabia's roles include providing non-partisan advice to the Prime Minister and elected officials. Also, Steven Chase reports that Canada and the United States are exchanging potential terms of agreement in closely held talks on an economic and security deal. But these terms do not represent the draft text of an actual pact. These exchanges are an effort to spell out what both sides might be able to agree upon as Ottawa and Washington try to find enough common ground to end their damaging trade war, sources said. The Globe and Mail is not naming the sources because they were not authorized to speak publicly. Alberta working with oil companies on pipeline proposal, Alberta Premier says: Danielle Smith also says she expects Prime Minister Mark Carney to 'operate in good faith' on the pipeline issue. Proposed GST rebate for first-time homebuyers could offer average $27,000 relief, says PBO: The Parliamentary Budget Officer says tax relief is expected to cost the government $1.9-billion, although its estimates do not take into account how the cut would affect market behaviour. Saskatchewan Premier vows $500 per person for wildfire evacuees: Scott Moe said that money is on top of existing supports for the more than 10,000 people forced out of their homes owing to a string of wildfires in Saskatchewan's northern region. B.C. Transport Minister raises concerns over BC Ferries construction deal with Chinese state-owned shipyard: The winning bidder on the contract to build four new passenger ferries is Chinese state-owned China Merchants Industry Weihai Shipyards. What's in Kananaskis? Explore the outdoor escape where G7 leaders will gather: The G7 Leaders' Summit descends on Alberta's Kananaskis Country from June 15 to 17. Kananaskis – just an hour's drive from Calgary – isn't a national park. Rather, K-Country, as locals call it, is a 4,000-square-kilometre network of connected provincial parks, reserves and recreational zones encompassing mountains and foothills. Prime Minister's Day: In Ottawa, Mark Carney attended the weekly Liberal caucus meeting on Parliament Hill and also attended Question Period. Carney also spoke with Brazilian President Luiz Inácio Lula da Silva and invited him to next week's G7 summit in Kananaskis, Alta. Party Leaders: At the House of Commons, Bloc Québécois Leader Yves-François Blanchet participated in Question Period. In British Columbia, Green Party Leader Elizabeth May attended Parliament virtually and, in person she attended the blessing of new solar panels at the St. Andrew's Anglican Church in Sidney, B.C. NDP Interim Leader Don Davies, with other caucus members, held a news conference on NDP defence policy. No schedule released for Conservative Leader Pierre Poilievre. Starmer in Ottawa: British Prime Minister Keir Starmer is to visit Mark Carney in Ottawa on Saturday and Sunday ahead of next week's G7 Leaders' Summit in Kananaskis. Quote of the Day: 'That's the thing about us New Democrats. We're like goddamned dandelions. It's like once we're on your lawn, you can't seem to get rid of us so the dandelions are coming up again.' - Former NDP MP Charlie Angus, at a Parliament Hill news conference today, on his party's resilience after a federal election result he described as an 'unmitigated disaster.' Angus said he will not seek the party leadership. Which Russian leader attended the last G7 summit (then known as the G8summit) held in Kananaskis in 2002? Scroll to the bottom of this newsletter for the answer. Twenty years late, Canada hits the old NATO target, just in time to fall short of the new one. Post Mulroney, the Conservatives' brand is 'loser.' It's time for an overhaul. Got a news tip that you'd like us to look into? E-mail us at tips@ Need to share documents securely? Reach out via SecureDrop. The answer to today's question: Russian President Vladimir Putin attended the summit and appeared in a photo that included Canada's Jean Chrétien, France's Jacques Chirac, Tony Blair from Britain and U.S. President George W. Bush.
National Post
34 minutes ago
- National Post
BC Ferries deal with Chinese shipyard makes waves in Ottawa
The Spirit of British Columbia leaves the Tsawwassen Ferry Terminal in Delta, BC, May, 14, 2025. Photo by RICHARD LAM / PNG OTTAWA — BC Ferries set off a tidal wave of controversy on Tuesday after announcing a major shipbuilding deal with a Chinese state-owned enterprise, with the ripple effects of the decision reaching Ottawa. THIS CONTENT IS RESERVED FOR SUBSCRIBERS Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. SUBSCRIBE FOR MORE ARTICLES Enjoy the latest local, national and international news. Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events. Unlimited online access to National Post. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Vancouver Island Conservative MP Jeff Kibble raised the issue in Wednesday's question period, accusing the Liberal government of rewarding the provincial carrier for selling out Canada's national interest. 'The Liberals are set to hand over $30 million (in federal subsidies) to BC Ferries while BC Ferries hands over critical jobs, investment and industry to China,' said Kibble. BC Ferries said in a press release that it had awarded China Merchants Industry Weihai Shipyards (CMI Weihai) a contract to build four new vessels after a 'rigorous' global bidding process. Company CEO Nicolas Jimenez was quoted in the release as saying that CMI Weihai was the 'clear choice' for the contract given, among other factors, its 'proven ability to deliver safe, reliable vessels on dependable timelines.' Kibble blasted BC Ferries in the House of Commons for buying the ships from China instead of a 'proven Canadian shipbuilder' and pressed the Liberal government to tie federal ferry subsidies to buying Canadian-built ships. Liberal Transportation Minister Chrystia Freeland said that she shared Kibble's concerns about procurement 'at all levels of government' but wouldn't comment directly on the BC Ferries contract, calling it a provincial matter. One politician who hasn't hesitated to criticize the deal is the provincial minister responsible for BC Ferries. B.C. Transportation Minister Mike Farnworth was quick to distance himself from the decision, saying he was worried about the message it sends in the midst of Chinese economic aggression. 'I do have concerns around procuring services from any country that is actively harming Canada's economy through unfair tariffs or other protectionist trade practices. I have shared these concerns with BC Ferries,' Farnworth told the media. Yet, despite his reservations, he ruled out blocking the BC Ferries-CMI Weihai deal. 'BC Ferries is an independent company responsible for its own operational decisions,' said Farnworth. He added that he was 'disappointed' that the contract didn't include more involvement from Canadian shipyards. BC Ferries' head of fleet renewal, Ed Hooper, told Postmedia that no Canadian shipbuilders bid on the contract won by CMI Weihai.
CTV News
37 minutes ago
- CTV News
Workers at Central Stamping have new deal
Workers at Central Stamping in Windsor have a new collective agreement. At a ratification meeting Tuesday, membership voted 65 per cent in favour of a new four-year deal. It includes a $4.75 wage increase over the life of the agreement for the 79 full time workers, as well as a one-time special adjustment of 0.60 cents for different classifications at the plant. The collective agreement was set to expire in September, but the union says the company came to the table early as the employers is bidding on new business for the facility. Unifor Local 195 President Emile Nabbout says the wage increase is significant. ~ By AM800 News.
