Quote:
Originally Posted by Biff
See, i don't understand this, and that is why i think Asper's plan will fail. 1.5 million sq ft of space is equal to the entire space of Polo Park Mall, which is Winnipeg's biggest mall. So in essence, Asper is planning on finding enough tenants to fill a large mall right next door to the city's premier large mall that is having troubles filling space vacated by Safeway.
......hmmmmmmmm
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It's not entirely difficult to believe. The proposed mall may well serve pent up demand for a higher-end product that has not been widely available in Winnipeg.
As for the real estate, Polo Park is completely surrounded, for many, many city blocks, with retail. Those retailers likely planted their roots in the area because Polo Park attracted so many shoppers. They all seem to be doing okay.
How many peeps argued against the big box development along south Kenaston? I'd be willing to bet many predicted dire consequences for retail in Winnipeg when they showed up.
I remember the wails of despair when they announced Costco there. After all, there was another Costco store just down the road near Polo Park. Ever tried getting into either of these two locations on a weekend?
Same whiners have also decried the imminent doom machine that will be the Ikea development.
Let's let natural selection decide who wins and who loses...