Quote:
Originally Posted by Acajack
I see way fewer malls in the future but I don't see them going away completely.
There will be a consolidation of the market around a smaller number of powerhouse malls serving wider areas. They'll have a greater percentage of their floor space devoted to experiential stuff (restaurants, leisure, attractions) as opposed to "material" retail. And of course residential space is starting to take root in malls as well. They will serve as "town centres" more than traditional malls.
The forward-thinking malls out there that have the financial resources to reinvent themselves are already moving in this direction.
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I agree with this. It seems like successful malls are all regional suburban centres. The neighbourhood malls are dying or being revamped as the new neighbourhood retail -- the power centre. Though there are regional or even metropolitan area focused power centres. I don't get how stores in power centres that cater to adolescents, who often want independence but don't drive. At least with the mall you could take the bus or be dropped off and spend the afternoon loitering with friends. You don't do that at places like South Edmonton Common.
But yeah, in terms of existing malls in Metro Edmonton, these seem to be the ranking
Successful, high demand, regional shopping centres
- West Edmonton Mall (for the west end)
- Kingsway Mall (for the north side)
- Southgate Centre (for the south side)
Decently successful malls with smaller regional scope
- City Centre (for downtown)
- Londonderry (for the northeast... though it's expanding in scope lately)
- Mill Woods Town Centre (for Mill Woods)
- St Albert Centre (for St Albert)
- Sherwood Park Mall (for Sherwood Park)
Dying malls that have minor scope
- Westmount Centre
- Bonnie Doon Shopping Centre
- Abbotsfield Mall
Malls that have been converted to medical centres, power centres, etc
- Meadowlark
- Mayfield
- Northtown
- Northgate (still has an interior corridor but it's successful stores all face outward)
- Capilano
Malls demolished for TOD
- Heritage Mall