44 Retail World at Class the Retail Hub at the Hub <strong>Markham</strong> has been designated by Metrolinx as a “Regional transit Hub.” It will be a hub <strong>of</strong> activity for <strong>Markham</strong> and a regional centre that is anticipated to grow proportionally faster than the city <strong>of</strong> Toronto for the next <strong>10</strong> years. In concert with the <strong>Markham</strong> Sport Complex and the <strong>Markham</strong> Hotel and Convention Centre, <strong>Markham</strong> Live will simply redefine <strong>Markham</strong> and York Region. The malls occupying a total area <strong>of</strong> 180,000 sq.m. are an integral part <strong>of</strong> the Metrolinx’s Transit Hub spacing - one <strong>of</strong> the largest commercial complexes in Canada. Situated in the heart <strong>of</strong> <strong>Markham</strong>’s Central Business District and the GTA, the complex is located between the 407 Highway, Kennedy Road, Warden Avenue and Highway 7. The malls will be one <strong>of</strong> the most popular shopping destinations in the GTA for locals and visitors alike. The malls - a flagship store pooling the world’s top products, department stores and national restaurants and comprised <strong>of</strong> six theme shopping malls - together, they <strong>of</strong>fer world-class shopping, dining and entertainment facilities never seen before in the GTA. • Zone 1 is a family oriented section that boasts a bright and spacious environment filled with activities • Zone 2 is a flourishing section that captures the upbeat spirit and contemporary lifestyle <strong>of</strong> <strong>Markham</strong> • Zone 3 is located in the middle <strong>of</strong> the mall and connects with the 5 star hotel-featuring international top brands • Zone 4 embodies elegance and sophistication • Zone 5 is a fun-filled area focused on entertainment • Zone 6 will a delectable range <strong>of</strong> fine dining options, presenting a multitude <strong>of</strong> world-class restaurants. Hard Construction Costs GFA (sq. ft.) Costs Go-Transit Hub 77,275 $29,055,000 Retail (400,000 sq. ft.) 400,000 $80,000,000 Restaurants Parking (1500 spaces) 747,000 $65,736,000 Site Dev (25% <strong>of</strong> total) 358,046 $17,864,000 Sub-Total: 1,224,275 $192,655,000 Escalation Allow ( <strong>12</strong>mos – 4%) $7,706,000 Construction Contingency – Post contract (5%) $9,632,000 Proj S<strong>of</strong>t Costs (Fees, Permits, Misc) $48,164,000 Furniture / Equipment Budget Allowance $5,000,000 Sub-Total $70,502,000 Other Costs: Land/ Financing/Legals/GST, Development Charges by <strong>Markham</strong> Associated Transit Costs (GO,MTO,YRT/VIVA etc) Retail Fit-Out, Contaminated material, Escalation contingency Total Estimated Project Costs $263,158,000 Programs and costing details information will be done in the <strong>Markham</strong> Live master plan design planning process.
Retail on top <strong>of</strong> Hub Retail Underground Retail on the Street 45