Mono-culture shopping centres are opening up to expanded residential housing use
Traditional shopping centres are finding new life as mall cities: dense, amenity-rich hamlets that promise to transform spaces with too much retail, redundant parking and inefficient layouts.
“The world has moved toward mixed-used over the last 15-20 years,” said Rob Spanier, president of Spanier Group and the panel’s moderator. He said retail that doesn’t evolve to meet the new ways that people shop will become irrelevant. “It’s less about e-commerce than it is about how people want to live and what they want to experience,” Mr. Clydesdale said. “People want to connect, they want to be social, so we’re trying to give them more reasons and more opportunities to do that.”
Yet, most of the shopping centres being targeted for redevelopment are a far cry from the image of a run-down, dead mall, with abandoned storefronts and ghostly parking lots. For the most part, the locations for these new mall cities aren’t dead at all, but rather in affluent – and aging – neighbourhoods where residents may be primed for a downsize.
“It’s probably a more effective use of land and an opportunity to create more housing supply and density,” says Dr. Gurstein, “but the pattern of the developer is to market offshore.” The project will also include a community centre, daycare, senior centre and an expanded public library, which will be paid for by $146-million in community amenity contributions and an additional $75-million in development cost levies.
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