Monday, April 19, 2010
Thursday, January 14, 2010
The Sitara shopping centre- Demographic Profile
The Sitara is the largest South Asian Indoor Shopping Centre in the GTA, after extensive research to provide a platform for businessmen with untapped business potential.
Estimate· 800,000 South Asian populations in the GTA growing at 50,000 per annum. We are projecting if 1% were to visit the mall; we are looking at approximately 8000 visitors. We are projecting that if 0.5% of the South Asian population were to visit we expect 4000 visitors and 0.25% would expect 2000 visitors to the mall.
The disposable income for the given population is CAD 76 billion.· Spending patterns on consumables, entertainment and food is at CAD 12 billion.·
GTA boasts of 21 indoor shopping malls and not one of them is South Asian.· South Asian population concentration in Markham and Scarborough followed by Mississauga and Brampton.
The South Asian residents in Markham and Scarborough have average annual earnings of CAD 80,000.· The Markham Road has 80,000 cars passing as daily traffic volume.· The Mall is equipped with underground multilevel parking to accommodate over 1000 parking spots.· The Convention hall will accommodate up to 2000 guests and will host major events and celebrations. This would be a major contributor to business potential for food outlets as well as other businesses in the mall.·
The Markham Municipality is investing about CAD 10 billion for commercial infrastructure development. Markham Municipal Corporation is in a spree for approving commercial zone. The reason is its huge budgetary deficit every year which has added to the 25 billion deficit of Ontario this year.
Markham wants to open commercial zone so that people invest in Markham and Scarborough, do their shopping and in turn the tax money they pay will help erase the huge budgetary deficit that it provides. It’s all about earning tax and reduces the huge budget deficit by giving perks to the investors.·
The developers for the project being Tai Foong International who are one of the five largest seafood companies in Canada.·
The South Asian population includes though not limited to people from Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.· The Sitara boasts of its Bollywood bazaar a themed area in the mall that would attract crowds not limited to South Asians.
Please refer to the following website for further reference as well as some details on Scarborough from the Wikipedia website.http://www.markham.ca/Markham/Departments/EDO/Stats.htmhttp://en.wikipedia.org/wiki/File:Scarborough_VisMin_2006.jp
Estimate· 800,000 South Asian populations in the GTA growing at 50,000 per annum. We are projecting if 1% were to visit the mall; we are looking at approximately 8000 visitors. We are projecting that if 0.5% of the South Asian population were to visit we expect 4000 visitors and 0.25% would expect 2000 visitors to the mall.
The disposable income for the given population is CAD 76 billion.· Spending patterns on consumables, entertainment and food is at CAD 12 billion.·
GTA boasts of 21 indoor shopping malls and not one of them is South Asian.· South Asian population concentration in Markham and Scarborough followed by Mississauga and Brampton.
The South Asian residents in Markham and Scarborough have average annual earnings of CAD 80,000.· The Markham Road has 80,000 cars passing as daily traffic volume.· The Mall is equipped with underground multilevel parking to accommodate over 1000 parking spots.· The Convention hall will accommodate up to 2000 guests and will host major events and celebrations. This would be a major contributor to business potential for food outlets as well as other businesses in the mall.·
The Markham Municipality is investing about CAD 10 billion for commercial infrastructure development. Markham Municipal Corporation is in a spree for approving commercial zone. The reason is its huge budgetary deficit every year which has added to the 25 billion deficit of Ontario this year.
Markham wants to open commercial zone so that people invest in Markham and Scarborough, do their shopping and in turn the tax money they pay will help erase the huge budgetary deficit that it provides. It’s all about earning tax and reduces the huge budget deficit by giving perks to the investors.·
The developers for the project being Tai Foong International who are one of the five largest seafood companies in Canada.·
The South Asian population includes though not limited to people from Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka.· The Sitara boasts of its Bollywood bazaar a themed area in the mall that would attract crowds not limited to South Asians.
Please refer to the following website for further reference as well as some details on Scarborough from the Wikipedia website.http://www.markham.ca/Markham/Departments/EDO/Stats.htmhttp://en.wikipedia.org/wiki/File:Scarborough_VisMin_2006.jp
Wednesday, January 13, 2010
The Sitara mall's Construction Updates
As of January 2010
Petro Canada on the vicinity has been demolished to make space for the construction of The SITARA Shopping Centre.
Soil testing on the land is underway.
Royal Bank of Canada has confirmed a key location at the SITARA.
Ground breaking is expected to commence in early 2010. Construction contracts are already in place.
The SITARA Sales & Leasing office welcomes visitors at 2900 Markham Rd. on all weekdays and weekends. For any additional information, or to have your queries answered personally, feel free to call (416) 297-3993 for an appointment with a SITARA Business Planner who speaks your language.
Higlights of the Mall
South Asians Get Their Mall!
'The Sitara' is a multi-storied, glittering piece of fusion architecture that brings together the royalty of the Indian palaces and the swanky practicality of the finest shopping centers in the world. Spread across its spacious floors, are 550+ beautifully appointed stores with theme bazaars and specialty stores selling South Asia’s finest. Location
The Sitara is centrally located on the busy intersection of Markham Road and McNicoll Avenue - the busy business quarters of Scarborough.The location lends The Sitara a special relevance. This is where multicultural Canada meets a fast-growing South Asian population. In the last 2 years, this area has seen hectic building activity with more than a dozen commercial complexes coming up on either side of Markham Road both north & south of Steeles. The demographics in the region include virtually every major ethnic group.
Vegetarian-sensitive Area
Since The Sitara is designed to be truly representative of South Asia, special attention is paid to the sensitivities of the visitors by locating the poultry, fish and meat stores in one section while fresh produce is available in another.
The Flavours of Home
The plush food court area will be a visitor’s delight. For where else would you get the best of Mughlai & Tandoori dishes from the Indian sub-continent vying with the grab ‘n go specialties from the west? Only at The Sitara! Enjoy.
A Star Within A Star!
An exclusive Bollywood Bazaar designed after the bustling Mumbai streets offering the trendiest in fashions, jewellery, cosmetics, beauty & skin care, finest fabrics and of course, the latest film and music releases.
Luxury & Convenience – In The Same Breath
A 2-floor high atrium with the capacity to hold 500 guests at one time - will serve both as an amphitheatre for concerts & cultural performances as well as a rendezvous point for visitors to just sit and relax and watch the time slip by.
The Sitara’s Pride
A grand, 27,000 sq ft Banquet & Convention Center to accommodate over 2,000 guests. This area has been specially created for large South Asian style weddings, cultural events like week-long Navratri functions, religious discourses, conferences, expos/trade shows and much more.
What’s More!
The Sitara has suitably appointed prayer/meditation rooms within easy reach of shoppers on the main floor and much much more....
Parking
Over 1000 free parking slots.
Thursday, November 26, 2009
Sitara Shopping Centre (South Asian Mall) Proposed Scarborough
(Although McNicoll and Markham Road is in Scarborough.)
(South Asian-themed mall to be built in (Scarborough)
A Markham developer will begin building a South Asian-themed mall, in what will be the largest development of its kind in North America.
“It will be like Gerrard Bazaar but on a much larger scale, this is a prime location for South Asians. There are temples, mosques and other places of worship in the vicinity. Many houses are being bought by South Asians and their numbers are growing. growing number of South Asians moving into the area. South Asians form a large portion of immigrants to Canada; emigration from India alone accounts for over 12% of all immigrants to Canada.the size of the mall is over 220,000-square-feet. Sitara (The Star) will house over 550 retail shops, restaurants, food court, a huge banquet and convention centre, a two-storey atrium for pop concerts, Bollywood bazaar and over 1,000-car park facility.“Look at the history of the Chinese community and the growth of retail stores catering to their needs. The same is happening with South Asians now.
There are some projections that by 2017, one out of every six Canadians will be of South Asian origin. This is just the beginning of the growth of South Asian market. GTA has no indoor shopping plaza of this scale geared to South Asian shopping needs.
for more information log in www.thesitara.com
hotline (416) 297 3993
(Although McNicoll and Markham Road is in Scarborough.)
(South Asian-themed mall to be built in (Scarborough)
A Markham developer will begin building a South Asian-themed mall, in what will be the largest development of its kind in North America.
“It will be like Gerrard Bazaar but on a much larger scale, this is a prime location for South Asians. There are temples, mosques and other places of worship in the vicinity. Many houses are being bought by South Asians and their numbers are growing. growing number of South Asians moving into the area. South Asians form a large portion of immigrants to Canada; emigration from India alone accounts for over 12% of all immigrants to Canada.the size of the mall is over 220,000-square-feet. Sitara (The Star) will house over 550 retail shops, restaurants, food court, a huge banquet and convention centre, a two-storey atrium for pop concerts, Bollywood bazaar and over 1,000-car park facility.“Look at the history of the Chinese community and the growth of retail stores catering to their needs. The same is happening with South Asians now.
There are some projections that by 2017, one out of every six Canadians will be of South Asian origin. This is just the beginning of the growth of South Asian market. GTA has no indoor shopping plaza of this scale geared to South Asian shopping needs.
for more information log in www.thesitara.com
hotline (416) 297 3993
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