Casual commentary about political, cultural and economic issues with a particular interest on the city of Winnipeg by John Dobbin
Tuesday, May 17, 2011
Grant Park Shopping Mall
First it was Hanger's Fashion Warehouse closing and now it is Boutique la Femme closing. Lorenza Fashion is moving within the mall.
Is this all to accommodate Target as it takes over Zellers there?
The possible announcement of a movie theatre chain opening on the Ikea site could affect the Empire Theatre at Grant Park.
Speaking of theatres, the news nationally that IMAX will be building a digital system to be able to show 3D films. It remains to be seen how this affects the downtown Portage Place Imax Theatre.
In terms of the Grant Park Mall, the issue of remaining an enclosed mall will have to be looked at. It has some strong anchor tenants in McNally Robinson, Safeway and Target.
However, Target is certainly going to want a bigger location and the mall could certainly accommodate that but it might mean getting rid of the enclosed mall, theatre and restaurants.
Can this formula work? Well, it did for the Charleswood Centre Shopping Plaza. When Zellers left the mall to move ito Walmart's old location at Grant Park, the mall owners decided to do a stripmall box store format. They landed some good anchor stores and the last vacancy in the mall filled up in the last months. H&R Block opened in the space between Blockbuster and Sushi Park.
One development seems obvious and that is Grant Park is less likely to pull national and international retailers with its present set up of an enclosed mall. Now it seems that they are having a hard time holding on to local ones as well.