Quote:
Originally Posted by MoreTrains
There is really only one option. St Laurent must start to build residential. Most malls across Canada have the same issue, foot traffic is down. Only way to increase it, put people right there. St Laurent could easily accommodate 3-400 residents on site without major modification to the mall itself.
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This is entirely the wrong way of approaching it. The current mall is a terrible design. You have an entire section that is not even being used (Sears). And probably an entire section that is going to be redundant shortly (Bay). Adding a few condos really isn't going to improve sales in the stores all that much.
We need to recognize that we have a surplus of retail space and a shortage of residential space. Possibly even a shortage of office space in the long run. Morguard has an opportunity to reallocate space on that site to better meet demand.
Quote:
Originally Posted by MoreTrains
If they wanted to be visionary they would try to make something like they do in Asia. Start over, integrate residential towers into the mall itself. Almost self sustaining. Thousands of people with no reason to leave the property because everything is available to them. That is what I would like to say.
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That would be ghastly and not allow for a reallocation and addition of space.
They have 867 275 sqft of retail space. Developed properly they could probably keep at least half a million square feet of retail, maybe even add to it. And they should be able to throw in an equal amount of office space as retail and double the amount of residential space.