Vancouver Airport Authority recently announced its plans to develop a luxury designer outlet centre on Vancouver International Airport (YVR) land in partnership with London-based developer McArthurGlen Group, Europe’s leading owner, developer and manager of designer outlets.
Later this summer, the lands on Russ Baker Way near BCIT’s Aerospace Technology Campus will be prepared for eventual construction.
The exciting project will increase the region’s destination appeal for visiting travellers and encourage local shoppers to spend within their own community. The project reinforces the Airport Authority’s role in the economic development of the region with the creation of an estimated 1,000 new jobs. YVR currently generates $11.7 billion in total economic output to the Canadian economy.
The proposed new centre would open in phases, beginning in the fall of 2014, and feature European and North American luxury, designer and mainstream brands. The company’s outlets in Europe are known for brands such as Prada, Armani, Burberry, Gucci, Hugo Boss, Ralph Lauren, Salvatore Ferragamo, Ermenegildo Zegna and Michael Kors.
Vancouver Airport Authority and McArthurGlen are committed to the proposed project being built and operated to ensure environmental compatibility with the local area. Areas of the Fraser River that border the outlet centre will be protected and environmental enhancement plans include the installation of foot and cycling paths that fit into existing regional trail networks.
Public Information Sessions
Learn more about this exciting project that will benefit the local economy as part of one of two upcoming Public Information Sessions, happening June 26 and 27 from 5:30 to 7:30 PM at the River Rock Casino Resort (Whistler Ballroom C), 8811 River Road, Richmond.
For more information on the project, visit www.yvr.ca.