Quote:
Originally Posted by Calgary14
Interesting part of the article from 2016: "Larger stores for anchor tenants–accounting for about 30 per cent of the 320,000 square feet total–are being held by the developer."
Why would they hold those back when they would be instrumental in creating foot traffic?
Article link: https://globalnews.ca/news/2782635/i.../?sf29518919=1 |
Because the small guy won't be able to buy the large spaces and the developer will want to collect rent and control the large anchors - of which none have materialized. You would have to think the developers have been trying to attract anchors for a long time.
I find it hilarious and sad that the only "anchor" they got was the small Best Shop which isn't even on the main retail floor level and has it's own entrance so people can avoid the mall. That's the only store I have ever made an effort to go to and it's only once every 6 months to pick up some random chinese knick knack.
That's why I think a T&T would have been the best option but with the one in Harvest Hills, there's no reason for that to exist either.
I don't know why the developers ever had the idea a copy of Toronto's Pacific Mall would be sustainable outside of city limits in Calgary. Maybe in Richmond or Burnaby Vancouver, but not Balzac!