Yet another shopping mall project looks to have fallen victim to "the Amazon effect", serving as evidence that brick and mortar retail, in the conventional sense, is doomed.
The latest victim is the New Horizon Mall in Calgary. The construction of the "multicultural mega-mall" is nearly complete, but tepid interest forced its developer to push back its planned grand opening to next year. The mall was initially set to open in October of this year. Only 9 of the 517 spaces in the mall have opened for business since May, when owners were first allowed to take possession according to a new report by Global News.
"It’s surreal. It’s not normal - we’re in the Matrix," one shopper told Global News.
The developer, Eli Swirsky, president of The Torgan Group of Toronto, told Global News:
“I love the mall. I think the mall will be fine,” he said in an interview. “I wish it was faster, of course, but every time I go there I’m awed by its size and potential and I think we’ll get there.
Swirsky told Global News that he expects 20 stores will be open by the end of September, but he still wouldn’t commit to a final grand opening date. Instead, he said that it will likely happen when 80 to 100 stores have opened. That is seen to push back the grand opening well into spring of next year.
The optimistic outlook stands in the face of eerie reality of the project, which shows "For Lease" signs and empty glass spaces traditionally reserves for stores.
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5 comments:
Not very smart but I guess when its other peoples money it doesn't matter as long as you have a good song and dance.
Malls are unfortunately like drive in's. Becoming a thing of the past. People in their 50's and older, grew up with malls. It was a hang out. They had pinball machines, you met your girl friend there on the weekends, went streaking though them...... Now, we ( older folks) don't shop like we used to, and the young people do everything on their phone. Malls will be about gone in 5 years.
It's sad. Can't buy a pair of shoes online that fit. For sure.
We don't streak like we used to, either.
I stopped going to the Salisbury Mall because it didn’t feel safe anymore. Now that some new stores have exterior entrances I go to those some and to VP Shors, as I shop local when I can.
Eli built the mall . . . Of course
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