Offworld
Active Member
It's possible that the locks weren't changed was to protect co-tenancy provisions in leases.
|
|
|
Edmonton City Centre Mall (Renovations) | ?m | 2s | LaSalle Investment Management
- Thread starter Daveography
- Start date
David A
Senior Member
If the LBO owners spent as much time and energy trying to focus on and improve the business of the Bay as they did coming up with clever ways to extract money from it, the business might still be continuing.
We usually get a heads up here about the state of companies like this, because locations like this farther from the core of their operations and media attention are usually the first they neglect or close.
I strongly suspected they were going down when I visited their downtown Toronto location last fall and saw how dead it was.
We usually get a heads up here about the state of companies like this, because locations like this farther from the core of their operations and media attention are usually the first they neglect or close.
I strongly suspected they were going down when I visited their downtown Toronto location last fall and saw how dead it was.
JNO1
Active Member
30% off the regular price of tickets at UNCEDED to help celebrate National Indigenous History Month. Available now until closing day on June 21. Enter the discount code NIHM30 at the "Checkout" page on the UNCEDED website. Come on by and visit this amazing exhibit before it is gone. And bring a friend. Or two. Or six. 
JNO1
Active Member
Not sure what this is. Directly to the east of Revolver.
Looks like a new gallery opening up beside "Da Pop up Shop" on the second floor.
Gronk!
Senior Member
Tsawwassen Mills Transforms Under Central Walk's Vision
Since acquiring Tsawwassen Mills in 2022, Central Walk has transformed the centre with experiential retail, entertainment, food halls, and cultural attractions, boosting traffic and redefining suburban shopping in Canada.
retail-insider.com
Tsawwassen Mills, located on Tsawwassen First Nation land in Delta, British Columbia, has undergone a remarkable transformation since being acquired by Central Walk in May 2022. Under the leadership of Weihong (Ruby) Liu, Chairwoman of Central Walk, and Linda Qin, CEO of Central Walk, the shopping centre has shifted from a traditional outlet model to an ambitious, multi-functional destination blending retail, culture, entertainment, and community engagement.
I wish ECC had a similar vision.
davcocom
Active Member
...or any visionTsawwassen Mills Transforms Under Central Walk's Vision
Since acquiring Tsawwassen Mills in 2022, Central Walk has transformed the centre with experiential retail, entertainment, food halls, and cultural attractions, boosting traffic and redefining suburban shopping in Canada.
Tsawwassen Mills, located on Tsawwassen First Nation land in Delta, British Columbia, has undergone a remarkable transformation since being acquired by Central Walk in May 2022. Under the leadership of Weihong (Ruby) Liu, Chairwoman of Central Walk, and Linda Qin, CEO of Central Walk, the shopping centre has shifted from a traditional outlet model to an ambitious, multi-functional destination blending retail, culture, entertainment, and community engagement.
I wish ECC had a similar vision.
Markyeg
Active Member
Anybody know any Chinese billionaires looking to purchase a shopping mall?
David A
Senior Member
Downtown Edmonton isn't suburban Tsawwassen, but it would be nice to see more entertainment and other attractions here.
Gronk!
Senior Member
You mean this Chinese billionaire?
Ruby Liu’s Bold Plans for a New Department Store Chain
Ruby Liu is launching a bold new department store chain across Canada, with insights from retail expert Carl Boutet on her experiential retail strategy.
retail-insider.com
Kosy123
Senior Member
I would 100% trust Ruby Liu or any other Chinese or Asian billionaire to turn City Centre Mall into a success. We'd straight up be better off with that rather than REITs or pension funds if you want to kickstart vibrancy and redevelopment. Ruby seems wacky from a North American perspective but that wackiness works in Asia.
I'm not joking at all because malls in Asia aren't retail destinations solely but also entertainment, community spaces, etc and the owners are more than willing to shovel capital into it for non-financial reasons too.
I'm not joking at all because malls in Asia aren't retail destinations solely but also entertainment, community spaces, etc and the owners are more than willing to shovel capital into it for non-financial reasons too.
Markyeg
Active Member
Now 23 out of the 25 landlords of the leases she wanted to take over are trying to reject her bid to take over the old Bay spaces 
. So I guess we’ll end up with just 5 of these new concepts now instead of 28 (2 from the landlords who are cooperating, plus the 3 in the malls she already owns). Curious to see exactly what she has planned though.
. So I guess we’ll end up with just 5 of these new concepts now instead of 28 (2 from the landlords who are cooperating, plus the 3 in the malls she already owns). Curious to see exactly what she has planned though.David A
Senior Member
I agree. I feel she has a good sense from her own experience about how to make malls and retail successful. It seems to also be something she is passionate and cares about.
For the large eastern based REIT's we are for the most part an afterthought and they have little understanding of the unique challenges here and are probably not that interested in them.
I believe their main interest is collecting the rent and maintaining the place. It is mostly an institutional mindset and I don't think there is much vision or insight beyond that.
Kosy123
Senior Member
Exactly! I've read some people online be sceptical of her plans in general and think it'll fail, but I'd rather have that mindset here in downtown Edmonton where we practically have nowhere to go but up for brick and mortar retail.
Better off with billionaire risk than institutional stasis.
Offworld
Active Member
Why do I feel her vision is not much different than that failed condo asian-themed retail complex out near Crossiron Mills? With so little known about this person, it's no wonder that all those landlords are saying no f'n way.
YEG imagineer
Active Member
^actually the New Horizon Mall is almost fully leased and much busier than when it first opened. Biggest difference is the majority of stores seem to be small retail businesses instead of big chains.