Skip to content

Richard Crenian Community Involvement

  • Charitable Causes Richard Crenian Supports

Retail Reaching New Heights in Edmonton

February 4, 2021 by admin

The coronavirus pandemic has left its mark on many businesses around the world, however, the city of  Edmonton seems to be rising to the challenge.

Alberta’s capital seems completely unphased, and even thriving amidst the crisis – its success continues to be driven by strong retail and increasing interest from foreign and domestic CRE investors.

So, if you were looking for the right Canadian city that can bring a great return on investment, Edmonton might just be it.

 

The City of Edmonton Blossoming

There are major construction plans in various locations in Edmonton, thanks to the Valley Line transit. The Bonnie Doon Shopping Centre is set to be transformed into a huge mix-use district with plenty of public spaces, new senior housing locations, more retail space, and more residential units, which will draw in better foot traffic.

A new shopping centre is also being planned at Millwoods Town Centre with thousands of new housing units and retail and restaurant spaces.

 

It’s Not Only Downtown Edmonton That’s Thriving

While traditionally, most retailers have been focusing on downtown for their new locations, this isn’t the case in Edmonton. The entire city is undergoing a retail revolution, and new shopping centers and locations are being opened all around.

In South Edmonton Common, there’s now a new Nordstrom Rack and Saks Off 5th, a new Canadian Tire, and even a large Ikea. The Southgate Centre has some of the highest sales per square foot in all of Canada, and over $130 million was just recently invested in Londonderry Mall.

 

Read more about it here!
https://www.redevgroup.com/news-article/retail-in-edmonton-reaching-new-heights

Post navigation

Previous Post:

Ontario Government Reopens Commercial Real Estate Construction Sites

Next Post:

Construction at University District, Calgary Maintaining Momentum

Recent Posts

  • The Future of Offices and Malls in Canada
  • Best Space Use Models for CRE Properties During & After COVID19
  • Oxford Properties Newest $2.0 Billion Mixed-Use Complex Coming to Toronto
  • 2021 Looks Bright for the Canadian CRE Sector
  • New Real Estate Trends Are Coming; What to Watch Out for in 2021
  • Canadians Kickstart Holiday Shopping Early This Year
  • Wal-Mart Canada Breaks into Vaughan Distribution Centre – Expected Completion: 2024
  • All Maison Birks Stores in Canada to be Reopened
  • Cannabis & Coffee: Is Mixed-Use Retail Taking Over the Market?
  • Construction at University District, Calgary Maintaining Momentum
© 2021 Richard Crenian Community Involvement | WordPress Theme by Superb Themes