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 r etail 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.