Mega-mall CrossIron Mills located just north of Calgary is about to get even bigger.

Ivanhoé Cambridge plans to invest more than $60 million to create 4,274 square metres of new retail space.

"With Greater Calgary's tremendous population growth rate and high disposable income, we are capitalizing on the opportunity to expand CrossIron Mills to welcome more world-class premium outlet brands that are seeking a truly successful retail destination with a proven track record," said John Scott, senior vice-president of development for Ivanhoé Cambridge.

The money will be used to move the food court to make room for more rental space. The new food court will also expand to feature 16 vendors.

Work is scheduled to begin in January of 2015 with the first phase expected to open in the spring of 2016.

CrossIron Mills was built in 2009. It currently spans 104,060 square metres and offers more than 200 retailers.