Hi Folks,
There was some debate going on in recent times on the Moncton retail section regarding malls and I had some time tonight and thus decided to do a small "checkup" on our malls to see how things are looking.
Some of the data I used may be outdated, I used the property owner data (Cadillac Fairview / Primaris) and tried to recall things from various news and discussion but please by all means let me know if you see something off.
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CF Champlain
666,568 sq ft
CRU Productivity: $600/ sq ft
vacant
8,356 (former GAP, potential Forever 21?)
213
1,453
1,400
3,184
1,601
2,788 (former Champlain dental, potential Starbucks?)
6,837 (former Tommy Hilfiger, potential restaurant?)
TOTAL OCCUPIED: 640,736 (
96.1%)
TOTAL VACANT: 25,832 (
3.9%)
TOTAL OCCUPIED STORES: 119
TOTAL VACANT STORES: 8
note: above data does not account for fully occupied "annex" (Chapters @ 22,000, Bass Pro Shops @ 98,000, Cineplex @ 39,000)
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Regent Mall
499,000 sq ft
CRU Productivity: $563/ sq ft
vacant
1,551
TOTAL OCCUPIED: 497,449 (
99.7%)
TOTAL VACANT: 1,551 (
0.3%)
TOTAL OCCUPIED STORES: 102
TOTAL VACANT STORES: 1
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McAlister Place
483,000 sq ft.
CRU Productivity: $495/ sq ft
vacant
74,000 (former Target, portion
not leased by H&M)
43,500 (former Sobeys, potential Goodlife? Winners?)
2,341
1,135
994
675
2,097
2,508
2,233
2,868
290
TOTAL OCCUPIED: 350,359 (
72.6%)
TOTAL VACANT: 132,641 (
27.4%)
TOTAL OCCUPIED STORES:
86
TOTAL VACANT STORES: 11
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I don't think any of these malls are in danger of becoming "dead" by any means, McAlister Place obviously needs to find a couple large tenants which can happen fast, Regent is doing extremely well with regards to occupancy, Champlain falls somewhere in the middle.
What are your thoughts on the standing of these malls in general? Rumors of future stores etc?