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

I will say that the ECC West has the superior cosmetics section; my wife would often make a special trip there just to redeem Optimum/PC points to take advantage of their inventory. But yeah, it never made much sense to me to have two Shoppers' in the same small-ish mall. Another big blow to ECC, though, regardless, unless a they can pull a rabbit out of their hats here.
 
I had talked to the pharmacist who works in both locations and ECC west location has been month-to-month for at least a year. They survive on prescription fulfillment. There's just not enough traffic to justify both location. I have found myself going to 104 Street/Jasper location more since COVID, slightly better hours.
 
Greenspace said:
I had talked to the pharmacist who works in both locations and ECC west location has been month-to-month for at least a year. They survive on prescription fulfillment. There's just not enough traffic to justify both location. I have found myself going to 104 Street/Jasper location more since COVID, slightly better hours.
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Good point, not just two but three locations close to each other which makes even less sense.

I go to the 104 Street Jasper location regularly also, although mainly because it is closer for me. I like it has street access and the hours are a bit better too.

The departure of Shoppers might be the opportunity or incentive to redevelop City Centre West. It couldn't have been a surprise, maybe the mall owners were waiting for them to end their lease.
 
After digesting the state of ECC for too many decades, my present mindset is that the current owner should sell either east or west and focus on whatever they retain. I'm feeling that East and West are now completely different kinds of investment. Concentrate the retail in East and redevelop West. They're almost two entirely different investment classes, IPP and land held for development, and sometimes it's better to hold these kinds of investments in separate vehicles and/or different ownership.
 
The plan to redevelop City Centre West that was put forward by the current owners a year or two ago was actually a good one. So I feel the current owners may see and understand how to develop it better than potential buyers who may or may not even exist.
 
David A said:
The plan to redevelop City Centre West that was put forward by the current owners a year or two ago was actually a good one. So I feel the current owners may see and understand how to develop it better than potential buyers who may or may not even exist.
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My own opinion, but I feel that the past proposal was weak and largely just threw stuff at the walls to see what would stick, and now it's likely at the point that the walls should have instead been knocked down in the first place. Their proposal appeared to be largely constrained by believing one could make an economic go of it with the existing shell. Perhaps the market is signalling otherwise?
 
A lot of weak and some bizarre ideas have been tossed about over the last few years by others, but nothing has stuck and I'm not sure even how serious any of them are.

If there is really some other great idea, then some prospective buyer really should step up and put their money up.
 
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Yes, it will probably be a great spot for them with all the pedway traffic. I went by there a few days ago before the sign went up and was wondering what the activity was about.

Also IMO, Dollarama should move up and fill the soon to be empty Shoppers space on the main level on the west side, unless the mall has other plans for it.
 
David A said:
Yes, it will probably be a great spot for them with all the pedway traffic. I went by there a few days ago before the sign went up and was wondering what the activity was about.

Also IMO, Dollarama should move up and fill the soon to be empty Shoppers space on the main level on the west side, unless the mall has other plans for it.
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Yeah the pedway traffic seems to be picking up every month so it's a great relocation (I forgot they were in the first floor lol)

Dollarama in a more prominent location would be better too because that basement location sucks
 
That basement is somewhat of an awkward space. Wasn’t there a dealership down there at one point? Or am I thinking about Westmount mall? Whatever the case, it made me think of the possibility of having a Toyota dealership/service centre in CC, similar to what WEM has. Would be a long term tenant, and would fill the gap if the lot where Fountain Tire is sold or that awkwardly located Central Tire on 109 st.
 
LibraLibro said:
That basement is somewhat of an awkward space. Wasn’t there a dealership down there at one point? Or am I thinking about Westmount mall? Whatever the case, it made me think of the possibility of having a Toyota dealership/service centre in CC, similar to what WEM has. Would be a long term tenant, and would fill the gap if the lot where Fountain Tire is sold or that awkwardly located Central Tire on 109 st.
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That basement used to be ECC's west food court. A car dealership at ECC may be better suited for the first floor of the former Bay space, similar to how WEM's Toyota dealership took over 1 floor of the Sears space (the 2nd floor Sears is now The Brick).
 
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