Square One in Mississauga. Oakridge Park in Vancouver. Mall redevelopments big and small are currently happening across Canada. realestate realestatenews Toronto mall redevelopment
"There are generally two models of shopping mall redevelopments," says, a Partner at Urban Strategies, a planning firm that's involved in many mall redevelopments across Canada. "There are sites that are succeeding and doing well, and those malls stay, and it's about continuing the evolution of those sites.
"That was a very interesting project because we came up with a master plan that reimagined the retail in a completely different format, but we had to think through ways where you slowly start to take the mall apart, because it's serving short-term functions like the grocery store function, and it has a community centre on the site, so we had to work very hard on the phasing strategy.
"If you can show people that there's not going to be negative impacts like massive amounts of traffic infiltration into their neighbourhood, the idea of replacing a "dead mall," most people are on board and they see the value in it," says Price.Shopping malls have traditionally been designed around large anchor tenants, such as a department store -- Hudson's Bay, Sears, Zellers, Walmart -- but that is no longer as true as it once was.
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