Hillcrest

Hillcrest Mall opened on August 8, 1974, at 9350 Yonge Street in the Richmond Hill community of York Region, Ontario, with 54,419 sqm of gross leasable area and around 135 retail and service units. The property was developed by Cadillac Fairview and is co-owned by Oxford Properties and Montez Corp, with Oxford Properties managing the centre, as the leading premium regional shopping centre for Richmond Hill and the central York Region Yonge Street corridor.

Richmond Hill occupies a premium position within York Region’s Yonge Street corridor, household incomes in the Richmond Hill-Thornhill communities are among the highest in the Greater Toronto Area, and the corridor has attracted a large and affluent Chinese-Canadian community alongside the established professional and executive residential base. Hillcrest Mall’s tenant mix reflects this premium demographic positioning: Aritzia, Sephora and an elevated fashion and lifestyle roster serve the purchasing power of the York Region premium catchment, alongside Marshalls and HomeSense in a combined unit added in 2018. The Richmond Hill GO Centre and the York Regional Transit network provide transit connections. The Yonge Street corridor gives Hillcrest strong arterial visibility from the primary north-south commercial spine of York Region.

The Richmond Hill, Thornhill, and Oak Ridges catchment houses 220,000 residents in the primary draw. The Yonge-Carrville commercial node at which Hillcrest sits is a significant commercial anchor for central York Region, handling high traffic volumes from communities on both sides of Yonge Street. Surface parking accommodates the predominantly car-dependent York Region catchment.

Oxford Properties manages Hillcrest Mall as a premium community regional mall serving one of Ontario’s wealthiest suburban markets. The above-average household incomes of the York Region Yonge corridor support a retail productivity per square foot that outperforms the raw GLA size, making the property economically productive at a scale below what the standard Ontario super-regional format typically achieves.