New Horizon Mall: Biggest White Elephant Mall in Canada?
I pass by that mall everyday to work on a construction project. What a joke. The sign is covered in snow, and there may be 10 vehicles in the entire parking lot. Who is the rocket scientist who decided it would be a great idea to build a second mall outside of Calgary, within 500 metres of Crossiron Mills?
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Before it was cold out there were probably 20-25 vehicles in the parking lot. Remember the mall has heated underground parking, probably where most people visiting now park.
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Also, unless you are an investor, no it is not a white elephant mall. Tax payers did not pay to build it and are not on the hook if it fails.
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Is it big enough to gut and build a fieldhouse out of? :haha:
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I noticed on Wikipedia that one of the anchors is T&T Supermarket! I wonder where it would be located? |
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The footprint is likely large enough, but the tiered roof-line requires pillars, unfortunately. |
Any updates on the mall since last winter? Still a dead zone?
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I think still below 20% of stores are filled in was the last that I heard. Have not been in myself to check it out though.
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Investors in this project did not get the memo about retail moving online: I cannot think of a business model more exposed to the Amazon effect than a rural destination mall of small independent shops.
"Hmm... should I drive all the way out to Balzac today, or ask the warehouse across the highway from the mall to deliver the same product to my door tomorrow for 20% less?" |
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It was a very odd idea and yes, the owner's don't seem to really care about filling it. Usually dead malls had to have lived in order to die, this was dead on arrival
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Here’s my idea for NHM: convert into a casino/bowling alley/games centre a la Century Sports or Rec Room (and perhaps a water park and/or additional ice space as we all know it’s in dire need across the region for our minor hockey and lacrosse kids).
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I think the property is condominiumized: Small investors actually own the stalls.
This makes any wholesale conversion difficult, which is a real shame. |
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https://discoverairdrie.com/local/ne...m-fresh-market
Seems some positives. Hopefully they can just keep filling in the stores. |
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