Quote:
Originally Posted by tvp2003
Based on one of the interviews in the news videos, I think they definitely created hype and FOMO by releasing units on a limited basis, enticing people to buy-in when they may not have done any or enough research.
I found another article from 2018 which had this interesting quote: https://calgary.ctvnews.ca/first-sto...tion-1.4028013
I don't know if she was completely talking out of her ass, or had no idea that none of these buyers had tenants in place or anyone willing to open an actual store, but either way it looks bad.
Part of me thinks they should turn it into a flea market on weekends and eventually it grows enough foot traffic that it can stay open during the rest of the week. |
I think their only hope is actually to go to a mandatory opening for every bay or pay fines. That would probably drop rents for the inline shops negative, but if every bay was open the operation would at least have a chance of getting off the ground.