Quote:
Originally Posted by tvp2003
Over/Under on when this mall might hit 50% of the stores open for business? I’ll say two years but I wonder if enough investors will have dumped their units by then...
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Stumbled across this article:
https://calgary.ctvnews.ca/sky-castl...mall-1.4829881
Third anchor tenant is signed up; it looks like it will cross the 50% occupancy threshold (in terms of square footage) once they open this fall:
Quote:
The New Horizon Mall just north of Calgary says it will finally exceed 50 per cent tenant occupation nearly two years after opening thanks to the addition of a family entertainment centre called Sky Castle.
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Interestingly, it looks like "New Horizon Mall Inc" owns 30% of the space in the mall, with 86% leased out:
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New Horizon Mall Inc. owns 30 per cent of the retail space at the marketplace and now has 86 per cent of its space leased with another seven per cent that is currently under negotiations for additional retail usage. With three anchor tenants secured and more than 100 stores open, approximately 110,100 square feet, 53 per cent, is now leased.
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