Whitby Free Press, 3 Feb 1993, p. 9

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Whitby Fiee Prosa, We.*osday, Febwaiy 3. 1903, Page 9 C o p o n- 7 irs NuE rsrE r#Ar EVERYFOOVYAFERI J. Lorne Braithwaite, presidont and chief executive officer of Cambridge Shopping Centres Ltd, iast woek announced plans for a $30-miilion. renovation and redevelopment of the Oshawa Centre. The 1.1 million square foot shopping and office complox is the largest commercial centre in Durham Rogion and one of the iargest in Canada with expansion capability Of cempiementary uses up to 2,000,000 square foot in total. Oshawa Centre is owned 50 per cent by a subsidiary of G ]EOU P PzEaRFORUS ]DECECNT ACT IN PARIK. A group of downtown neighbours were tired of watching a local park deteriorate. Sa, they spent a Saturday cleaning up garbage, planting flawers and adding a fresh caat of paint ta the rusting playground equipment. This event is part of a mavement thats helping change the world. One simple act at a ime. Cambridge and 50 by OMERS Realty Corporation. Oshawa Centre wiil have approximateiy 185 retail stores and 100,000 square foot of professional office space. A new 14-restaurant food court with a fifties' diner theme will be added with seating for ever 600 people. New retail concepts will ho added te compiement niany of the existing retail merchants. The physicai transformation of' the centre wili ho dramatic __ new floors, ceilings, walls, ontranceways and hundreda of linear foot of skyights will make the mail more bright, colourful and airy. Improved Iandscaping, park- ing facilities and modern, spacious washrooms are part of the rejuvenated amenities. Construction wiil begin this month and completion is schedulod for spring 1994. Cambridge bought the Oshawa Centre in September, 1991. Cambridge is a reai estate investmnent company with a property portfolio comprising of 30 regienal shopping contres and il downtown or community centres. It also owns and manages four urban mixed-used properties and has an interest in another such property. As weli, it owns and manages interests in office buildings associated with shopping centres and free-standing department stores. The corporation owns an interest in 26 seif-storage facilities iocated in Westsern Canada and Quebec, operating under the 'Sentinel, 'On-Guard' and '<Securespace' namos. The corporation aise, has a 60 per cent interest in Donahue bcriber, a California corporation involved in the management and devlopment of regional and cemmunity shopping centres in the southwestern United States. rMarigold i (jý,àeSeriing Whilby Sipce 1973 D)INNER SÉËEClAL WH1TBY MALL 1615 Dundas S. E. 728-6135 1380 Hopkins Street Wbitbv (If)666-1177 I #uOT CROSS' I UNSJ I m IReg. &1j29 I Offer expires Tuesday, Februaxy 9.,99 L Coupon rr Feb. 3, 10,5 & 16 - 12 noon & 7:30 pm] RRSP Selection and Strategy Seminar Highlights: 0 Pay Iess tax and have sheltered growth. *Use the balanced approach to enhance your RRSP returns. DEREK DUTKA *The RRSP with 40% more tax savings! *Integrate your RRSP into your overail investment strategy. *And much more. Get the most out of your RRSP. Cali for reservation NOW! Seating is limitedi. SerisgW.tbyan .Osawasice 98 666-RRS 114 DUNAS ST. ., SUIE 22 e IB 50À,

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