Three Eastwood Anchors, Three Different Kinds of Change

Eastwood's landmarks include the mall on Kingsway Drive, the ski hill, and the King Street East strip. Each has changed in its own way, and September offers a chance to notice those changes across all three.

The mall's anchor space didn't sit empty

Hudson's Bay filed for creditor protection in March 2025 and closed every one of its stores by June, a national wind-down that hit all three Waterloo Region locations at once, including the one at Fairview Park Mall on Kingsway Drive. For a lot of long-time shoppers that store carried decades of small memories, birthday shopping, first jobs, the kind of everyday familiarity that makes a closure feel bigger than a retail footnote. CBC's coverage at the time captured a lot of that sentiment from people who'd shopped there since childhood.

A B.C.-based investor tried to take over 25 former Bay leases across the country, including the Fairview Park space, but the Ontario Superior Court sided with landlords that October and rejected the bid. By the following winter, the space had a new tenant: Urban Planet, a fast-fashion retailer built around customers roughly 16 to 24 years old. That's not a like-for-like swap. The Bay's draw was breadth, home goods, multiple generations shopping the same floor. Urban Planet is narrower on purpose, aimed at a specific age band with a specific price point. The mall's anchor space didn't get replaced with something equivalent. It got replaced with something more specific, and its place in the mall's lineup is still taking shape.

King Street East has a varied restaurant lineup

If you've lived in Eastwood a while, King Street East probably lives in your head as the strip you use to get to the highway, not a destination in its own right. The muscle memory makes sense. The Wendy's at 4500 King Street East has been part of that rhythm for years, and the Mandarin at 4220 King Street East has run its buffet lineup just as long. Both have long been part of King Street East's restaurant lineup.

Two other restaurants offer distinct menus along the corridor. Chef Won's Kitchen, at 387 King Street East, runs a menu that merges sushi with Korean cooking, kimchi-dressed rolls next to gamjatang, a pork bone soup that's become the place's signature dish. It's a genuinely specific combination, not a generic Asian-fusion label stretched over a menu. A few blocks down, Borealis Grille & Bar at 4336 King Street East builds its menu around Ontario ingredients specifically, beef sourced from nearby farms in its burgers, Lake Erie perch on the plate, a beer list that reads like a roll call of regional breweries. Their menus bring Korean-inspired cooking and Ontario-sourced fare to different points along the corridor.

The ski hill has a fall identity between seasons

Chicopee Ski and Summer Resort is a not-for-profit recreation facility that runs programming across three seasons, not one. Through the summer it operates 7 kilometres of bike trails, an 18-hole disc golf course, outdoor climbing, five Har-Tru clay tennis courts, and six beach volleyball courts, alongside a zipline that's become one of its more talked-about additions. All of that winds down through September.

What replaces it isn't nothing. Chicopee runs a fall Oktoberfest hall on-site along with a pumpkin catapult event, programming that exists specifically in the gap between summer recreation and the start of ski season. Season passes for skiing and snowboarding run December through March, which means there's a real stretch right now, September into November, where the hill isn't doing summer things and isn't doing winter things either. Chicopee's fall identity sits between its summer and winter offerings. It is quieter, but it is real.

What the pattern actually tells you

Line these three up and a shape appears that's easy to miss if you only look at one at a time. The mall's old anchor didn't become another mall, it became something younger and more specific. The restaurant strip didn't become uniformly upscale, it added two specific culinary identities into a corridor that was otherwise built for speed. The ski hill didn't add generic year-round programming, it added a specific fall event slate that bridges two very different seasonal identities.

None of these places got bigger. They got more particular. That's a different kind of change than "growth," and it can be easy to overlook. The mall, the strip, and the hill offer another view of the neighborhood beyond the immediate block.

September offers a chance to notice these changes, even though each is at a different stage. Chicopee is between its summer and winter identities. Both newer restaurants are still finding their place in a corridor with a long-established lineup. And the mall is still adjusting to its newest tenant and what that arrival means for the anchor lineup. If you've been meaning to actually check any of these places out rather than just drive past them, this is the stretch of the year that rewards it.

If any of this has you thinking more broadly about what's changing in Eastwood or how a neighborhood's day-to-day texture connects to its long-term value, that's exactly the kind of conversation the Gascho Group has with clients all the time. Make Your Next Move With Confidence.