Business

New Hillside mall owners contemplate expansion

The new owners of Hillside Shopping Centre have an extra two years to launch expansion granted to the former owners in January 2009.

Hillside Centre Holdings, a major Canadian pension fund, bought the mall in October.

“The purpose of the extension is to permit us time to fully understand all aspects of the approved program,” said Nick Sabat of Osmington Inc., representing the owner, in a letter to council.

“It is not our intent to reinvent the wheel,” he wrote shortly after the acquisition.

The approved plans involve an 80,000-square-foot expansion, more exterior storefronts and better access for pedestrians, transit users and cyclists.

It also includes extensive tree planting, and an interpretive area for Bowker Creek, which is culverted under the site. While daylighting the creek is not practical, the original application proposed using storm water management to reduce runoff and pollution into the creek.

rholmen@vicnews.com

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