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It was Canada's first satellite community developed by one of the country's largest real estate developers, Bramalea Limited. [27] The name "Bramalea" was created by the farmer William Sheard, who combined "BRAM" from Brampton, "MAL" from Malton (then a neighbouring town which is now part of the city of Mississauga ), and "LEA", an Old English ...
It opened in 1969 as Brampton's first indoor mall. [4] Major tenants at the time were Kmart, Dominion and Canada Safeway, with a total of 25 stores. [5] The movie theatre closed around 1985. It was gutted, and re-opened as a Jumbo Video. The projection booth served as the manager's office. The Canada Safeway store was the first in eastern Canada.
In 1997, shareholder Gentra Inc. bought the rest of TD's stake in the mall. In 2002, the Bramalea City Centre was acquired by its current joint owners, Canadian real estate firm Morguard Corporation and a third party institutional investor. [citation needed] In 2004, the mall underwent a $165-million reconstruction to improve all common areas.
It is located in the former Chinguacousy Township, it was Canada's first satellite community developed by one of the country's largest real estate developers, Bramalea Limited, formerly known as Brampton Leasing. The name "Bramalea" was created by the farmer William Sheard, who integrated the BRAM from Brampton, MAL from Malton (A neighbouring ...
Bramalea was created as an innovative "new town", and developed as a separate community from the original Town of Brampton. Located in the former Chinguacousy Township, it was Canada's first satellite community developed by one of the country's largest real estate developers, Bramalea Consolidated Developments (later Bramalea Limited). [2] [3]
Morguard Corporation is a Canadian real estate company, based in Mississauga, Ontario. It owns retail, residential, office, industrial, and hotel properties, as well as managing real estate and financial investments for institutional investors. As of October 2017, it owned $9.4 billion in real estate, and managed an additional $12.6 billion. [1]