Shopping centre gets $13-million facelift
Development New owners of Lancaster Mall set to begin major renovations
JEFF DUCHARME
TELEGRAPH-JOURNAL
Published Friday April 11th, 2008
Appeared on page C3
Bruce Creber, vice-president of real estate investments for Counsel Corporation, points out some of the changes on the way for the Lancaster Mall during a press conference Thursday.
SAINT JOHN - Returning the sheen to the Golden Mile will begin next month as the new owners of the Lancaster Mall begin renovations that will exceed $13 million.
Counsel Corporation, which bought the property in 2006, held a tenants' meeting Thursday to explain its plans for a rejuvenation of the property. The Ontario-based company announced plans that include building a 17,000-square-foot, stand-alone store in the parking lot of the mall for Shopper's Drug Mart, renting out the space Shopper's currently occupies, a 12,000-square-foot expansion to Zeller's, redesigning the parking lot and the creation of a unique transit lounge for bus passengers. The inside and outside of the mall will also receive a complete makeover.
"We're filling in the middle with something that is going to be really, really attractive in the future," said Bruce Creber, Counsel's vice-president of real estate investment.
Instead of the Saint John Transit buses dropping people off in the middle of the parking lot as currently happens, the buses will be routed to the front of the mall where a transit lounge will be built. The lounge will include a TV, phone and comfortable places for passengers to wait.
"I don't think this has really been done anywhere else," said Creber.
The only new store to be confirmed so far is Ardene, a 4,300-square-foot fashion store that caters to the young.
The renovations should be completed by the end of 2009.
The Superstore will also renovate its storefront, but the timeline hasn't been set.
Built in 1965, the mall has about 25 tenants and Creber plans to bring that number up to at least 30.
The east side has mushroomed in the last few years and become the destination of choice for shopping in Saint John. The success of the east side shopping zone has left other areas of the city in its dust, but Creber said the west side has almost the same population base and it can support a similar shopping district on its own.
"If you live on the west side, wouldn't you just rather come here?"
Creber said Counsel will create an environment to serve the needs of west siders. He points to such things as the library being in the mall as to how the property is more than just a place to shop.
"I love the fact that they're here," he said.
Mayor Norm McFarlane expects the revitalization of the mall to spur on more growth in the area.
"We have a very exciting future ahead of us in Saint John," said McFarlane.