Quote:
Originally Posted by djmk
the firm i work for has/had clients from that mall. several were persuaded to sign leases because they were under an impression that the major tenant would be large BC Liquor Store.
i do not know whether the BC liquor store just never materialized or it was a lie...
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BC Liquor Store Walmart, among others all tried to lease space at the site with no success. The money behind the development in the first place was from someone from Hong Kong who would only allow a certain type of store (namely high-end fashion stores) in the mall. Clues to this can be discovered by walking the upstairs and looking at the floors.
He also didn't allow any big-name franchises in the food court. He was, however, a big movie buff, that is why he built at the time (and possibly even still is the most lush movie theatre in Vancouver). The seats chosen for those theatres are 2X as expensive as what is usually used in theatres.
When this grand vision never materialized, the tenants sued and to combat the court action, everyone was given reduced or had their rent outright eliminated.
Between this fellow and the other Asian mall owner in Richmond who decided to tear down his 10 year old mall because he didn't like the calibre of tenants he had attracted; can't figure out which one of the 2 has either too much money or not enough sense...