Quote:
Originally Posted by Cypherus
I just don't understand where the demand would be coming from. The region is already well served with malls that offer the same stores. A proper business plan would have suggested that the TFN plan for a Mill theme mall would be redundant. The region does not need more malls:
-Abbotsford has High Street along with Westoaks / Sevenoaks
-Langley has Willow brook
-Surrey has Guildford and Central City
-Metrotown has Metropolis
-Brentwood has Brentwood Town Center
-Loughheed has Loughheed Town Center
-South Vancouver has Oakridge
-Downtown Vancouver has Pacific Center
-North Vancouver has Park Royal
-Coquitlam has Coquitlam Centre
-Richmond has Aberdeen / Landsdown along with the Outlet Malls
-New West has Quayside
Why would I go to TM to go to Winners when I can just walk to Central City? The mall will only have initial traffic due to curiosity than die down as people will just shop where it is geographically convenient.
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They have different things. I'm not a mall person but my wife goes to malls. She will go to 3 winners for example because "they have different things." We live in Surrey Central so have Central City & Guildford within 10 minutes drive yet she goes out to Willowbrook on a regular basis and even ventures to Metrotown from time to time.
I don't think malls can be completely compared to each other like they are a static big-box retailer like Home Depot. Sure if you have a Home Depot next to you likely a Home Depot further away you'll never need to go to. But malls like I said are different, even if they have the same shops.
Go into 4 different Hudson Bays and you'll find in practice they could all be different and have different things. The Bay at Guildford is more of an outlet. The Bay out in Langley tends to have bigger sizes available. The Bay in Richmond has tiny sizes and more trendy items. The Bay downtown has all the new expensive lines.
Same store, but different stuff. And that's just HB. I've read a lot of people talk about "this should have had a proper business plan" but I honestly think most commenting don't actually know what a proper business plan looks like. They wouldn't be building this thing if they felt it would fail. It may! We'll see. But a couple forum posts and feelings a business plan does not make which is what I think some people here think.
That said in watching that video I saw about 3 or 4 'anchors' that I don't think are anywhere else in all of Metro Vancouver. A few have been mentioned too so there are draws. *shrug*
We'll see.