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

I hope Westrich Pacific, Leston, Pangman, ONE or Beljan will purchase and redevelop ECC west, which includes the Delta Hotel, the movie theatre, and the old Bay space.
 
Edmcowboy11 said:
I think the key to this building is really to remove those giant bulkheads of emptiness and have windows instead of a whole lot of nothing.
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Yes, the biggest problem on the west side is the bunker like exterior. Even just making it similar to the east side would be a big improvement, although it is probably time to open it up much more and do something transformative.

It will be interesting to see what happens when it is listed and who come forward with what ideas. I hope it will be someone who has a solid record with development/redevelopment, a good understanding of the local market and a bold vision.
 
While Gemini can come up with something easily, it will take someone with deep pockets and a large appetite for risk to redevelop that part of the mall. It would not be cheap, and you would also have to demolish the parkade to open up what is behind the glossy picture on the other side of the apartments. Making the numbers work for gutting and redeveloping would be challenging.
 
inclusion said:
While Gemini can come up with something easily, it will take someone with deep pockets and a large appetite for risk to redevelop that part of the mall. It would not be cheap, and you would also have to demolish the parkade to open up what is behind the glossy picture on the other side of the apartments. Making the numbers work for gutting and redeveloping would be challenging.
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This is why I feel some of the more ambitious ideas will not happen. I don't see the parkade going anytime soon, although maybe eventually. However, some changes to the exterior on the west side could improve it a lot.

The Taproot article posted earlier today about redeveloping it in stages and maintaining a mix of uses also seems to make good sense to me.
 
inclusion said:
While Gemini can come up with something easily, it will take someone with deep pockets and a large appetite for risk to redevelop that part of the mall. It would not be cheap, and you would also have to demolish the parkade to open up what is behind the glossy picture on the other side of the apartments. Making the numbers work for gutting and redeveloping would be challenging.
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That is why I feel like an urban format Costco would work really well, and could probably anchor a broader development. Between Winketowin, DT, Queen Mary Park, McCauley, Garneau and Old Strathcona, which would be immediately closer to it than to any other Costco in town, it would be something close to 100k residents. And Costco has the pockets and the revenue to pull it off, easy. I wonder if there was ever an attempt by city officials or business leaders to approach a company like them for a DT store.
 
Some of this would be helped if downtown was marketed for retailers better tbh.

Outside of this forum, and a few random spots on the CoE website or Taproot, where can the general public easily find information that more than 1000 units of residential units downtown have opened within the last 1.5 years? Or that we have the same amount soon to be constructed? Or that vacancy rates in the area have dropped down from 2021?

We're going to get subpar interest if we as Edmontonians present it as a subpar market.
 
Kosy123 said:
Some of this would be helped if downtown was marketed for retailers better tbh.

Outside of this forum, and a few random spots on the CoE website or Taproot, where can the general public easily find information that more than 1000 units of residential units downtown have opened within the last 1.5 years? Or that we have the same amount soon to be constructed? Or that vacancy rates in the area have dropped down from 2021?

We're going to get subpar interest if we as Edmontonians present it as a subpar market.
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Also many people in Edmonton and elsewhere only see what is there now and have a limited imagination. Yes, there is certainly more risk here, but because of that I feel there is also much more potential.

Arguably downtown Edmonton has made it through the worst of it over the last few years, so now this could be a good opportunity for someone to take advantage of.
 
Kosy123 said:
Some of this would be helped if downtown was marketed for retailers better tbh.

Outside of this forum, and a few random spots on the CoE website or Taproot, where can the general public easily find information that more than 1000 units of residential units downtown have opened within the last 1.5 years? Or that we have the same amount soon to be constructed? Or that vacancy rates in the area have dropped down from 2021?

We're going to get subpar interest if we as Edmontonians present it as a subpar market.
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Probably depends on the upcoming CBRE listing, what they choose to include and who they talked to at the City about it. Their quarterly reports usually cover unit starts in residential, commercial, and industrial. It would benefit them to include that in the listing to move the property quicker and get commission. In short, the information is out there in many places, but sometimes in places the public isn't necessarily privy to since a lot of these reports are by commercial industry and behind paywalls.
 
Turn it into a rink/court with food and bev utilizing the space under the stands (one side with access to 102st). I think the demand would be higher than retail for the foreseeable future, plus the East side and other towers still have plenty of retail space to fill.
 
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