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Old 08-20-2019, 08:46 AM   #181
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It was supposed to be Calgary's version of Pacific Mall and Aberdeen Mall, which would have probably worked if they didn't $&%# it up with that stupid ownership model

Location screwed it up more than the ownership model did. For that kind of mall it needs to be driven by foot traffic in a dense urban area, no one is going to get in their car and go out of their way to browse random knick knacks
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Old 08-20-2019, 09:20 AM   #182
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It's not like Pacific Mall opened up the first day packed full of vendors. It took almost 10 years.
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Old 08-20-2019, 01:27 PM   #183
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Originally Posted by Hemi-Cuda View Post
Location screwed it up more than the ownership model did. For that kind of mall it needs to be driven by foot traffic in a dense urban area, no one is going to get in their car and go out of their way to browse random knick knacks
I disagree, the ownership model was inherently flawed. It was entirely people speculating on increasing real estate values before the venue had any opportunity to actually generate any value whatsoever and without an inherent anchor tenant.
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Old 08-21-2019, 10:21 AM   #184
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They also should have included a clause where there was a penalty for not having a store open. I know when I worked retail in the 90s we had a penalty from the mall if we were not open on time. Due to my manager often being late, I was given a key.

At least this way current owners would have an incentive to offer cheap leases just to have a store open.
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Old 08-21-2019, 01:26 PM   #185
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They also should have included a clause where there was a penalty for not having a store open. I know when I worked retail in the 90s we had a penalty from the mall if we were not open on time. Due to my manager often being late, I was given a key.

At least this way current owners would have an incentive to offer cheap leases just to have a store open.
This would be a huge help. While it would tank lease rates for everyone initially, having the mall full would at least make it a potentially viable operation
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Old 10-11-2019, 06:36 PM   #186
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They're turning it into a ghost mall now.


https://dailyhive.com/calgary/new-ho...nd-parking-lot
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Old 10-11-2019, 11:25 PM   #187
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They're turning it into a ghost mall now.


https://dailyhive.com/calgary/new-ho...nd-parking-lot



I was in there only a few weeks ago, and I'm not sure I'd say "many more stores open" is very accurate.
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