Quote:
Originally Posted by eternallyme
St. Laurent to the Rideau Centre is a distance of about 5 km - or less than 10 minutes by train once the LRT opens. They are the closest major malls from each other. That is another big factor as well.
The LRT will likely be beneficial for large-scale development, but perhaps not retail development given the short distance to Rideau (if it was 30 minutes away, it would be beneficial).
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Which is why I'm hopeful that Morguard will respond by redeveloping the mall as a mixed-use site. The area has big potential for office development, what with its amazing transportation links (both car and transit), and proximity to both downtown & the industrial area, so that would probably be the main component of any redevelopment, with some residential & retail.
Morguard traditionally is one of the most market-responsive developers; if one of their properties is headed downhill, they do something about it, rather than selling it off or just letting it die.