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Edmonton City Centre Mall (Renovations) | ?m | 2s | LaSalle Investment Management

kcantor said:
You might be getting a bit too harsh and judgemental with that assessment. Construction was actually started on the first of those office towers before the market went to hell in a handshake and it was capped before reaching full height and converted to a hotel. That’s why the Delta has such a strange floor plate for a hotel (it’s much too deep) and doesn’t have the lobby and amenity spaces you would expect in a purpose built hotel. People sometimes forget that developers work in the market, they don’t get to make the market and it was 30 plus years before the office market in downtown Edmonton even came close to recovering.
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All you said is true but context is required.

It was also a project forced upon Triple.
One that came with zero interest loans for expansion of WEM from the province. Not forgetting city council effectively holding up WEM expansion permitting to secure dt development.

The project was a clear case of governments trying to “pick winners” which often become losses.

I will be so bold as to say DT Edmonton would of been better off if Edmonton Centre had never been built.
 
Yeggy said:
I will be so bold as to say DT Edmonton would of been better off if Edmonton Centre had never been built.
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While I don't remember it, I would agree the loss of the old court house for Edmonton Centre was a bad thing. Although on the east side we did get several office towers still there and a very nice department store for a couple decades.

The west side I agree is more controversial, but it was also a fairly busy shopping mall for over 30 years. I would say it wasn't so bad. If it is made more interactive with the street, in the future it could continue to be an asset.
 
David A said:
While I don't remember it, I would agree the loss of the old court house for Edmonton Centre was a bad thing. Although on the east side we did get several office towers still there and a very nice department store for a couple decades.

The west side I agree is more controversial, but it was also a fairly busy shopping mall for over 30 years. I would say it wasn't so bad. If it is made more interactive with the street, in the future it could continue to be an asset.
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The question that is begged is…. was the only way to achieve all that via CC?

I can see arguments for both sides.
 
Some stores are closed on Saturday, but in any case I can't wait to walk through it during a weekday lunch break!

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I mean that looks semi promising, but malls in general I think are in palliative care. There is some exceptions as always.

I think something like a Ala Moana mall would work (obviously not open air) but a multistorey mall with residential on top.
 
The collection of retail in there looks more sporadic than mill woods town centre. The vision of consolidating the mall on the east half and letting the west go hopefully one day materializes. The current setup is a bit unbecoming of the main downtown shopping destination of a large city. I dont forsee a rebound, this is probably going to continue a decline for the rest of the decade until a major redevelopment in announced. Or at least I hope
 
I do feel the the nearby office towers and residential probably can support more and better retail than is here right now. Between the disruption from the prolonged LRT construction and COVID which both happened around the same time along with the financial problems and closure of the remaining department store anchor, that was devastating combination.

However that is all in the past now. There has been some recovery and perhaps there will be further especially if some redevelopment or redesign is made to make it more attractive, particularly the west side.
 
Ohman said:
The collection of retail in there looks more sporadic than mill woods town centre. The vision of consolidating the mall on the east half and letting the west go hopefully one day materializes. The current setup is a bit unbecoming of the main downtown shopping destination of a large city. I dont forsee a rebound, this is probably going to continue a decline for the rest of the decade until a major redevelopment in announced. Or at least I hope
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Even when malls do major renovations like Londonderry did it still doesn't seem to help.

Development into something compelling would be the best option.
 
Well every mall in Edmonton has some empty space now including the two biggest WEM and Southgate, but last time I went to Londonderry it seemed to be doing ok.

Yes their renovation was disruptive, but after it was done I noticed it improved and more spaces filled . Of course after they had to deal with COVID after and the closure of the Bay like other malls here and elsewhere.

I feel it was these later challenges and not any failure of the renovation that may have led to not meeting someone's expectations. However, Londonderry is still a viable mall and the renovation is probably partly why.
 
Ohman said:
The collection of retail in there looks more sporadic than mill woods town centre. The vision of consolidating the mall on the east half and letting the west go hopefully one day materializes. The current setup is a bit unbecoming of the main downtown shopping destination of a large city. I dont forsee a rebound, this is probably going to continue a decline for the rest of the decade until a major redevelopment in announced. Or at least I hope
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I would never call it the main dt shopping destination.
 
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