Burlington Mall is getting a multimillion-dollar makeover in time for its 50th anniversary.

RioCan Real Estate Investment Trust and KingSett Capital are investing $60 million to create improved shopping, space for major retailers and national restaurant chains.

RioCan and KingSett say they have received approval on a proposed site plan amendment for the redevelopment of the mall.

Renovations are expected to start this year and ultimately provide an improved shopping experience, more options and additional job opportunities in the community.

New retail leases have been signed with Denninger’s Foods of the World (23,000 sq. ft) and Indigo (22,500 sq. ft), while Winners (22,000 sq. ft) will move into a new location.

All three retailers will move into the space previously occupied by Target Canada at the mall's west end.

The former Target site will also house smaller shops and restaurants in the area’s remaining 28,000 sq. ft.

Tenants will take possession of the new spaces in late 2017, with their doors opening in early 2018. The mall opened in 1968.

“RioCan is excited to welcome new tenants to Burlington Mall,” said Heidi McGaw, the mall’s general manager. “These changes and newly-approved leases were a strategic decision to ensure the mall is best suited to the community’s needs.”

A new entrance fronting onto Guelph Line will be unveiled as part of the renovation.