Hamilton Lime Ridge Mall Intensification (Phase 1) | ?m | 12s | Primaris REIT | WZMH

[JasonParis]

Done.

 

[Sunnyside]

Adding a costco would probably just destroy any semblance of good traffic levels.

Does Costco ever locate next to malls? None come to mind in the GTA. I also don’t think we’re due for another Costco.

 

[Milaisacat]

Does Costco ever locate next to malls? None come to mind in the GTA. I also don’t think we’re due for another Costco.

None that I can think of.

In the mockup aerial I made, I just took the first two large format retailers I could think in Ancaster to see how they could logically fit at Lime Ridge. Mostly an excuse to play around in Illustrator.

 

[bAuHaUs]

None that I can think of.

In the mockup aerial I made, I just took the first two large format retailers I could think in the Ancaster to see how they could logically fit at Lime Ridge. Mostly an excuse to play around in Illustrator.

View attachment 700747

Quite uncommon for Costco to be part/near a shopping centre, however at Newpark Mall in Newark, CA they recently went where the old JC Penny/BC were. Albeit not connected to the mall, yet right up against it, acting like an anchor.

350 Newpark Mall Rd · 350 Newpark Mall Rd, Newark, CA 94560

Non-public area

maps.app.goo.gl

 

[BCTed]

Quite uncommon for Costco to be part/near a shopping centre, however at Newpark Mall in Newark, CA they recently went where the old JC Penny/BC were. Albeit not connected to the mall, yet right up against it, acting like an anchor.

350 Newpark Mall Rd · 350 Newpark Mall Rd, Newark, CA 94560

Non-public area

maps.app.goo.gl

Costco is right beside the mall in Brantford.

 

[KingJames]

Costco trade areas are immense. Far too close to Meadowlands . Maybe a rethink of the full south end with higher density rental housing, with some ground floor restaurants.

 

[innsertnamehere]

Article on Primaris and it's efforts on filling old Hudson's Bay boxes - could have some hints of what they are thinking of for LimeRidge.

Primaris updates HBC, Sears vacancies: Sees 'enormous opportunities'

Enclosed shopping centre owner and operator Primaris REIT (PMZ-UN-T) has provided an upbeat update on its plans for 1.3 million square feet of space formerly occupied by Hudson Bay stores across its nationwide portfolio.

renx.ca

 

[KingJames]

Construction begins Monday at Hamilton's Lime Ridge Mall

The next phase of the re-development of Hamilton's Lime Ridge Mall began with demolition on Monday.

www.chch.com

And so it begins

 

[denfromoakvillemilton]

I think this is not a major mall anymore, but it can still be viable. But this is probably the last shot all things considered.

 

[bAuHaUs]

Costco is right beside the mall in Brantford.

Yes they are. I said that it's uncommon, and so not the rule, and more the exception.

 

[Sunnyside]

Yes they are. I said that it's uncommon, and so not the rule, and more the exception.

I sat on it and recalled seeing a Costco attached to a mall somewhere in Florida once when I was younger. But it definitely is the exception to the rule. Especially for a Canadian context. Primaris has made it seem like they have a good idea of what they're going to do with the Bay space, and my read is It'll be smaller stores for a mix of tenants. Maybe one floor will be retained for a tenant on the larger side, but who would want it is anyone's guess.

I think this is not a major mall anymore, but it can still be viable. But this is probably the last shot all things considered.

I still have a tough time wrapping my head around this. The consolidation of malls in the last ~20 years makes sense, and appears roughly equal to a 60-70% reduction in 'destination' malls in Ontario cities. For Hamilton, we consolidated from ~3-4 malls to one, that being Limeridge. As with the GTA, some are adapting better than others. Jackson Square is at the intersection of alot of problems so it suffers more generally, and Eastgate is the one getting crowded out. This all makes good sense.

However, and zooming out again, the malls which remain successful are very much destinations. And as @inserttnamehere has certainly said before, Limeridge is a regional mall for the Brant-Niagara-Haldimand area. It's not Square One, but it's not Woodbine either. Except these headwinds suggest there isn't enough demand for any destination malls in Hamilton.

It's not so much that I want a big regional mall for its own sake, but about the market decisions being made, and what it says about the state of, and faith in, the city as a market. Burlington's malls do well, and I recognize the wealth effect at play. But I doubt Mapleview can do it all, and if that's what CF believes. Moreover, our nearest peer of Waterloo (K-W specifically) has two relatively smaller, but comparatively significant malls.

 

[thettctransitfanatic]

I think this is not a major mall anymore, but it can still be viable. But this is probably the last shot all things considered.

I agree. Rapidly it's losing its lusture. They need to bring in a high quality store or restaurant or entertainment place where The Bay was to counteract the Walmart in the former Sears. As putting a Walmart in a mall without that implies that the mall is going downhill, and it honestly kind of feels like it. But there's one last chance to stop that.

 

[denfromoakvillemilton]

I sat on it and recalled seeing a Costco attached to a mall somewhere in Florida once when I was younger. But it definitely is the exception to the rule. Especially for a Canadian context. Primaris has made it seem like they have a good idea of what they're going to do with the Bay space, and my read is It'll be smaller stores for a mix of tenants. Maybe one floor will be retained for a tenant on the larger side, but who would want it is anyone's guess.


I still have a tough time wrapping my head around this. The consolidation of malls in the last ~20 years makes sense, and appears roughly equal to a 60-70% reduction in 'destination' malls in Ontario cities. For Hamilton, we consolidated from ~3-4 malls to one, that being Limeridge. As with the GTA, some are adapting better than others. Jackson Square is at the intersection of alot of problems so it suffers more generally, and Eastgate is the one getting crowded out. This all makes good sense.

However, and zooming out again, the malls which remain successful are very much destinations. And as @inserttnamehere has certainly said before, Limeridge is a regional mall for the Brant-Niagara-Haldimand area. It's not Square One, but it's not Woodbine either. Except these headwinds suggest there isn't enough demand for any destination malls in Hamilton.

It's not so much that I want a big regional mall for its own sake, but about the market decisions being made, and what it says about the state of, and faith in, the city as a market. Burlington's malls do well, and I recognize the wealth effect at play. But I doubt Mapleview can do it all, and if that's what CF believes. Moreover, our nearest peer of Waterloo (K-W specifically) has two relatively smaller, but comparatively significant malls.

I agree. Rapidly it's losing its lusture. They need to bring in a high quality store or restaurant or entertainment place where The Bay was to counteract the Walmart in the former Sears. As putting a Walmart in a mall without that implies that the mall is going downhill, and it honestly kind of feels like it. But there's one last chance to stop that.

I agree with all of this. I think this was unavoidable at the end of the day. Even Mapleview has had issues. I think the reality is that people are starting to see Hamilton not as a separate city but just another place in the GTHA. I think Simons and CF feel this; this reflects that. There is enough transit to get people to Toronto and to the Eaton Centre, Square One, Sherway Gardens, and even Yorkdale without a car, so there is no need to replace the upscale department store that moved to Hamilton. But without a high-end anchor, this place will attract all the problems from downtown.