ShonTron
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Via Globe and Mail/Bloomberg:
More at Bramptonist, a local source:
http://bramptonist.com/shoppers-world-to-be-redeveloped/
The mall's GLA would be reduced from the current 781,067 sq ft. At its peak, the mall had Simpson's (later the Bay, now demolished with a Bad Boy on the site), Pascal's Hardware (now Fabricland and Staples), K-Mart (later Zellers and Target, now vacant with a fitness centre moving in) and a Food City (now Oceans) and A&P (now medical offices and Winners).
The big-boxing of the mall (adding Canadian Tire, Staples) and cosmetic renovations in 2000-2002 helped buy the mall time, but with Target gone, and plenty of competition from surrounding big-box clusters, there's only so much this huge, under-invested mall can do before calling it quits.
RioCan also is seeking approval to build on 54 acres in the suburbs. Shoppers World, a site in Brampton located near a large planned transit area, is currently a "broken down, old mall built in the early '70s that we've been trying to figure out what to do with," Mr. Sonshine said.
RioCan is working with the city to develop a master plan, he said, which will include 300,000 square feet of retail – less than half the current amount – and about 1,500 residential units, the majority being rental units. Those would be on top of the 10,000 units originally forecast. These projects would typically cost at least $150-million.
More at Bramptonist, a local source:
http://bramptonist.com/shoppers-world-to-be-redeveloped/
The mall's GLA would be reduced from the current 781,067 sq ft. At its peak, the mall had Simpson's (later the Bay, now demolished with a Bad Boy on the site), Pascal's Hardware (now Fabricland and Staples), K-Mart (later Zellers and Target, now vacant with a fitness centre moving in) and a Food City (now Oceans) and A&P (now medical offices and Winners).
The big-boxing of the mall (adding Canadian Tire, Staples) and cosmetic renovations in 2000-2002 helped buy the mall time, but with Target gone, and plenty of competition from surrounding big-box clusters, there's only so much this huge, under-invested mall can do before calling it quits.