Preston Crossing (Saskatoon)
Encyclopedia
Preston Crossing is a big box shopping area in Saskatoon
, Saskatchewan
, Canada
. It is located at Preston Avenue North and Circle Drive and was the first major big box shopping area in Saskatoon, other than minor ones like River City Centre
.
linking Attridge Drive to a realigned Preston Avenue North. 46 acres (186,155.6 m²) of land, owned by the University of Saskatchewan
, was marked for commercial development. The university paid for the initial water, sewer and roadway construction; in exchange, it leases the land to retail tenants and the revenue goes into its Land Endowment Fund.
Calgary
-based Rencor Developments formed a joint venture called Preston Crossing Properties Inc. with two Saskatchewan companies, Harvard Developments
and TGS Properties. It completed all development, leasing and financing for the project; the architecture mirrored the gothic elements of the University campus buildings. In the fall of 2005, Harvard gained sole acquisition of the shopping center.
Construction began in the spring of 2002 and the first stores opened in the fall of the same year. Development has continued in phases, although full build-out has not yet been reached. As of 2010, three building phases have been completed; a fourth phase was announced in June 2010.
Additional stores include:
Under construction:
Saskatoon
Saskatoon is a city in central Saskatchewan, Canada, on the South Saskatchewan River. Residents of the city of Saskatoon are called Saskatonians. The city is surrounded by the Rural Municipality of Corman Park No. 344....
, Saskatchewan
Saskatchewan
Saskatchewan is a prairie province in Canada, which has an area of . Saskatchewan is bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, and on the south by the U.S. states of Montana and North Dakota....
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. It is located at Preston Avenue North and Circle Drive and was the first major big box shopping area in Saskatoon, other than minor ones like River City Centre
River City Centre (Saskatoon)
River City Centre is a type of a "big box" shopping centre or power centre in the north industrial area of Saskatoon. Some of the anchors are Sport Mart , Sears Home , Scott's Parable Christian Stores, Dollarama, and Staples Business Depot...
.
History
Preston Crossing's development coincided with the construction of an overpass over Circle DriveCircle Drive
Circle Drive is a major road constructed as a ring road in Saskatoon, Saskatchewan, Canada. The northeastern portion of the road is part of the Yellowhead Highway.-History:...
linking Attridge Drive to a realigned Preston Avenue North. 46 acres (186,155.6 m²) of land, owned by the University of Saskatchewan
University of Saskatchewan
The University of Saskatchewan is a Canadian public research university, founded in 1907, and located on the east side of the South Saskatchewan River in Saskatoon, Saskatchewan, Canada. An "Act to establish and incorporate a University for the Province of Saskatchewan" was passed by the...
, was marked for commercial development. The university paid for the initial water, sewer and roadway construction; in exchange, it leases the land to retail tenants and the revenue goes into its Land Endowment Fund.
Calgary
Calgary
Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...
-based Rencor Developments formed a joint venture called Preston Crossing Properties Inc. with two Saskatchewan companies, Harvard Developments
Harvard Developments
Harvard Developments is the name of a commercial development and holding corporation in the Canadian city of Regina, Saskatchewan. It is involved in commercial and residential development, plus radio broadcasting and insurance...
and TGS Properties. It completed all development, leasing and financing for the project; the architecture mirrored the gothic elements of the University campus buildings. In the fall of 2005, Harvard gained sole acquisition of the shopping center.
Construction began in the spring of 2002 and the first stores opened in the fall of the same year. Development has continued in phases, although full build-out has not yet been reached. As of 2010, three building phases have been completed; a fourth phase was announced in June 2010.
Stores
Four stores are considered as anchors:- Canadian TireCanadian TireCanadian Tire Corporation, Limited is one of Canada's 60 largest publicly traded companies. The firm operates an inter-related network of businesses engaged in retailing hardgoods, apparel and petroleum as well as financial and automotive services, employing more than 58,000 people across Canada...
- SobeysSobeysSobeys is the second largest food retailer in Canada, with over 1,300 supermarkets operating under a variety of banners. Headquartered in Stellarton, Nova Scotia, it operates stores in all ten provinces and accumulated sales of more than $14 billion CAD in 2009...
(formerly Garden Market IGAIGA (supermarkets)IGA is a brand of grocery stores active in more than 30 countries. Contrasting with the chain store business model, IGA operates as a franchise through stores that are owned separately from the brand. Many of these stores operate in small town markets and belong to families that manage them...
) - RonaRona (company)Rona Inc. is a Canadian distributor and retailer of hardware, home improvement and gardening products. Rona was founded in 1939. Rona operates a network of some 700 stores and is the leading distributor and retailer in its market with approximately 51,594 employees. The Rona network represents...
- Wal-MartWal-Mart CanadaWal-Mart Canada Corp. is the Canadian unit of Walmart and was founded in 1994 in Mississauga, Ontario with the purchase of the Canadian Woolco stores from Woolworth Canada....
Additional stores include:
- Burger KingBurger KingBurger King, often abbreviated as BK, is a global chain of hamburger fast food restaurants headquartered in unincorporated Miami-Dade County, Florida, United States. The company began in 1953 as Insta-Burger King, a Jacksonville, Florida-based restaurant chain...
- Chili'sChili'sChili's Grill & Bar is a restaurant chain founded by Larry Lavine. The chain has more than 1400 casual dining restaurants, mostly located in the United States and Canada...
- Co-op (gas station and car wash)Saskatoon Co-opSaskatoon Co-operative Association Limited is a retail cooperative operating in Saskatoon, Saskatchewan, Canada.-Present Operations:...
- Future ShopFuture ShopFuture Shop is Canada's largest consumer electronics retailer. Future Shop currently operates a total of 146 stores across all of Canada's provinces as of December 2008....
- Home OutfittersHome OutfittersHome Outfitters is Canada's largest kitchen, bed, and bath superstore, with 69 stores across the country selling bedding, towels, housewares, and other home accessories....
- Mark's Work WearhouseMark's Work WearhouseMark's Work Wearhouse, sometimes branded as Mark's, is a Canadian clothing retailer. First opened in Calgary, Alberta in 1977 by Mark Blumes, a former retail executive with the Hudson's Bay Company, it has been owned since 2001 by Canadian Tire...
- MichaelsMichaelsMichaels is an arts and crafts retail chain. It currently operates more than 1040 Michaels Arts and Crafts Stores located in 49 U.S. states and in Canada. The company owns and operates the Aaron Brothers retail chain which consists of more than 140 stores...
- Old NavyOld NavyOld Navy is an American clothing brand as well as a chain of stores owned by Gap, Inc., with corporate operations in San Francisco and San Bruno, California. It is one of the first major corporations to house headquarters in the new Mission Bay district of San Francisco.Gap, Inc. was run by...
- PetSmartPetSmartPetSmart, Inc. is a retail chain doing business in the United States and Canada engaged in the sale of specialty pet supplies and services such as grooming and dog training, PetSmart PetsHotel dog and cat boarding facilities and Doggie Day Care.- History :...
- Pier 1 ImportsPier 1 ImportsPier 1 Imports Inc. is a Fort Worth, Texas based retailer specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories and seasonal decor. The chain operates over 1,000 stores under the name Pier 1 Imports in the United States, Canada, Mexico...
- Shoppers Drug MartShoppers Drug MartShoppers Drug Mart Corporation is Canada's largest pharmacy chain with more than 1,241 stores operating under the names Shoppers Drug Mart in nine provinces and two territories and Pharmaprix in Quebec as well as in Hawkesbury, Ontario....
- RONA
Under construction:
- Cabela'sCabela'sCabela's is a direct marketer and specialty retailer of hunting, fishing, camping and related outdoor recreation merchandise, based in Sidney, Nebraska. It also has "Trophy Properties LLC , "Outdoor Adventures" , and the "Gun Library"...