Park Royal is making a significant investment in an expansion and revitalization project that will elevate the retail property to a world-class shopping, dining and lifestyle experience that is unmatched in the Metro Vancouver marketplace. Building on the success of the newly opened high street retail district at Park Royal South, the evolution continues with a new fashion wing anchored by Simons, a new food court dining experience, and a complete upgrade of both internal and external common areas to reflect the contemporary and fashion-forward design.
Enhancements to Park Royal North will meet the needs of changing customer preferences and provide improved continuity and connectivity within the property. The introduction of Loblaw’s City Market will strengthen the retail mix while updates to the existing retail on the North side will continue a long history of success. A new exterior façade will harmonize the North and South side, while contemporary landscaping, store fronts and glass canopies will re-energize the district. An expansion of the parking structure will add 200 stalls and two new elevators will make access to new and existing parking more convenient.
Park Royal South has seen the addition of a two-level Simons, Canada’s iconic fashion department store, open on October 15, 2015. Connectivity to The Village at Park Royal has been enriched by the reconfiguration of a 30,000 square foot fashion wing as well as new animated public plaza. The dining experience has been elevated with the introduction of a new food court, PICNIC, on the second level. A complete renovation of the interior will include enhanced ceiling and lighting upgrades, premium new floor tile and fresh, modern common area furnishings. These are all in addition to the recent opening of Park Royal’s new outdoor high street retail district, state-of-the-art parkade, and enhanced public realm with public art, water features, green space, pedestrian walkways and almost five kilometres of integrated bikes lanes through and around the property.
Park Royal is an integral part of the economic and social fabric of the community. Not only does tax revenue, shopping center sales, employment and jobs provide notable and positive impact – but community life is enhanced through the vital public realm that Park Royal creates via the provision of community amenities.
As a retail destination, Park Royal’s commercial success is dependant on creating a welcoming environment, which is attractive and engaging for its merchants and customers. With this in mind, Park Royal has developed a sustainability strategy to guide and continuously improve its efforts in the areas of business operations, service sustainability, sustainable consumption and its role in the community. Park Royal’s sustainability policy is inspired by the four system conditions for sustainability, as defined by The Natural Step, an organization founded in Sweden in 1989.
Commitment to sustainability practices are demonstrated by initiatives such as: