uSask signs agreement to complete retail development

September 15, 2014

The University of Saskatchewan has signed a long-term lease agreement with Ronmor Developers Inc that will enable it to construct a new phase of Preston Crossing, a retail development on university land. Since first opening in 2010, retailers at Preston Crossing have expanded to occupy 690,000 square feet of space on 57 acres. The development generates $1.79 M in student scholarships for uSask each year. Construction on the site is expected to begin next year, with a targeted completion date in spring 2016. “We will be looking at tenants for the new space that complement the existing stores and that potentially bring a new shopping experience to Saskatoon,” said Ronmor President Doug Poronzi. uSask Director of Corporate Administration Judy Yungwirth said, “Ronmor Developers Inc is a new partner for the University of Saskatchewan at Preston Crossing. We are looking forward to working with this regional firm and know they bring the kind of expertise that people have come to expect with our retail developments.” uSask News Release | StarPhoenix