Execs from Cineplex and the landlord discuss the strategy for opening the entertainment facility, and how non-retail uses are helping drive foot traffic to malls.
Across the country, landlords are adding residential and other uses to mall sites, signalling a shift in direction that will see them become new city centres.
Landlord Cadillac Fairview will transform the Toronto mall’s former Sears space for new retail and restaurants, and will renovate other parts of the centre with longer-terms plans that could include residential, offices and an on-site hotel.
We’re predicting that this year will be one of highs and lows — Sears Canada will shutter, Nordstrom Rack will enter Canada, marijuana will be legalized, and plenty of other developments.