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

[BCTed]

I think CF struggled to lease it out to their “standards” (ie Simon’s or Nordstrom type thing). Primaris is more focused on running B to A level malls, while CF is really only interested in the AAA properties. They just sold Masonville in London for the same reason.. not for lack of relative success as a normal middle class mall, but because it couldn’t keep up with the AAA malls like the Eaton Centre in leasing.

Primaris is more willing to lease out to lower tier tenants and will get Limeridge reoccupied quickly at a more “mid tier” type level.

Mapleview as others have mentioned is evolving as the premium mall in the area given its proximity to Burlington and Oakville, which have large numbers of high income households and particularly Oakville, which is the wealthiest municipality in Canada, and has no local mall.

Oakville does have Oakville Place. It is not a very high-end mall.

 

[innsertnamehere]

Oakville does have Oakville Place. It is not a very high-end mall.

Yes, Oakville Place is too small to be a real AAA contender. It’s more of a “neighbourhood” mall.

 

[KingJames]

Yes, Oakville Place is too small to be a real AAA contender. It’s more of a “neighbourhood” mall.

It's getting a Nations and an entertainment complex to take over the Bay. If Simons wants to come west, Mapleview makes sense and has an empty Bay waiting.

 

[torontowest91]

I think CF struggled to lease it out to their “standards” (ie Simon’s or Nordstrom type thing). Primaris is more focused on running B to A level malls, while CF is really only interested in the AAA properties. They just sold Masonville in London for the same reason.. not for lack of relative success as a normal middle class mall, but because it couldn’t keep up with the AAA malls like the Eaton Centre in leasing.

Primaris is more willing to lease out to lower tier tenants and will get Limeridge reoccupied quickly at a more “mid tier” type level.

Mapleview as others have mentioned is evolving as the premium mall in the area given its proximity to Burlington and Oakville, which have large numbers of high income households and particularly Oakville, which is the wealthiest municipality in Canada, and has no local mall.

Even Mapleview hasn’t seen a full renovation in about 20 years at this point though… they are both due for investment.

Id say Masonville is more premium than Limeridge...London and surrounding area has no other good malls. Lots of good things still coming to Masonville.

 

[Chris R.]

Id say Masonville is more premium than Limeridge...London and surrounding area has no other good malls. Lots of good things still coming to Masonville.

I had literally never heard of this mall until you commented this here and I just looked it up