University Village Mall is the only major retail centre in Nanaimo's University District, serving an abundance of single and multi-family residential in the immediate area. Situated within five blocks of the Malaspina campus of Vancouver Island University, the site also services the school's 14,600 students, staff and faculty members. 

This development is comprised of approximately 112,290 sf of retail space. Anchor tenants include Buy-Low Foods and Shoppers Drug Mart.

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• Located in the well-established residential neighbourhood known as Harewood. An abundance of single and multi-family residential, schools and other neighbourhood-oriented commercial uses exist within the vicinity of the Plaza.
• The Malaspina campus of Vancouver Island University (formerly Malaspina University-College) is located only 5 blocks west of University Village and currently has a student population of 14,600 full-time and part-time students. The renovation of University Village has generated greater interest from students, staff and faculty at the Malaspina campus.
• Recent Renovation: Facades have been upgraded, as well as other key elements of the building. The intention was to improve the overall appearance, ambiance, animation and activity of University Village. Re-orientation of the Shopping Centre was done so that it would provide a dominant frontage along Fifth Street.