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Place Tevere Heading to Rideau Centre

April 28, 2014

Italian fast food specialist Place Tevere confirmed that it will be opening in early August, in the new Dining Hall at Rideau Centre. The premises will be 450 square feet. The new store will be the company’s first location in the nation’s capitol.   

Place Tevere was founded in 1968. Today the company operates 20 restaurants in Ontario and Quebec.

Place Tevere is seeking to open additional locations in Ontario and Quebec. The company’s focus is on super regional shopping centres. Size required is 350-450 square feet.

Further, we’re dotting the i’s and crossing the t’s on another new Place Tevere location. We anticipate announcing this new site during the next 60 days. Stay tuned for details.

Rideau Centre is the top performing shopping centre in Ottawa (and ranked #7 in Canada). Sales are approximately $1040 per square foot. Owned by Cadillac Fairview, the property is currently undergoing a $250M re-development which will see the addition of 180,000 square feet of new retail space. Nordstrom has already announced that it will open a 150,000 square foot flagship store on the upper two floors of the former Sears space. In addition, Quebec based Simon has as well, been confirmed. Other new tenants to the project include H&M, Victoria Secret, J Crew…etc. The re-development is scheduled to be completed by fall 2015.  

For additional information on Place Tevere, please visit their website at www.placetevere.com.