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Though Canadian malls in general are in better shape than their American counterparts, we would need to be wary:


The problem is that US Malls are mostly anchored by one large tenant which then goes tits up . Other times the property owners just don't care and the mall falls into disrepair causing people to abandon it (much like Honeydale, Morningside and Galleria Malls in Toronto).

I have seen more than a few urban exploration videos on Youtube from the US where economic downturns in backwater towns lead to abandoned malls.

See here:
 
A quick walk through Mississauga’s Sheridan Centre in early December 2022. Even though the mall has received an exterior facelift of sorts and a rebranding to “Sherwood Village”, named after the nearby neighbourhood, it comes off as lipstick on a pig.


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A quick walk through Mississauga’s Sheridan Centre in early December 2022. Even though the mall has received an exterior facelift of sorts and a rebranding to “Sherwood Village”, named after the nearby neighbourhood, it comes off as lipstick on a pig.


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Carpet? Again? I saw this at Pickering Town Centre, what a terrible idea for a high traffic, public area.

Some of those wall treatments are just terrible too.
 
With all the digital shopping these days malls are not needed as much. Except for the large regional malls like SQ1 and Yorkdale malls need to be redeveloped into housing with some retail in it.
 
I’ve driven by Sheridan before but never been inside. So that’s what it looks like on the inside. A lot sadder than I expected to be honest. Doesn’t look so bad on the outside. But losing Target was big blow for them.
 
With all the digital shopping these days malls are not needed as much. Except for the large regional malls like SQ1 and Yorkdale malls need to be redeveloped into housing with some retail in it.

You would be shocked at how busy Fairview and STC are. They are always packed with people.
 
Doesn't look like Sheridan Village is high traffic 😉

The mall opened as Eaton Sheridan Place in 1969, but it wasn’t a great location, and having only Eaton’s and Zellers (originally K-Mart) as major anchors wasn’t such a great strategy. Erin Mills TC and Oakville Place sucked some of the clientele, as did the Dundas-403 big boxes. Much of the mall, including the old Eaton’s, was later leased to an insurance company for back offices.
 
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Mall Redevelopment Guide


Go to link.

Mall sites are large sites that can accommodate many city building initiatives such as incorporating new and expanded parks and open spaces, community services and facilities, affordable housing, a broader range of employment opportunities, and other sustainability strategies.

As these mall sites redevelop over time, it is important to ensure their full integration with surrounding communities through the creation of a connected, safe and comfortable public realm network, including on-site public streets, parks and open spaces, internal connections and connections to transit, as well as appropriate built form.
The Mall Redevelopment Guide (the Guide PDF) provides principles, supported by precedent photographs, illustrations and demonstration plans, to consider during the redevelopment and/or intensification of mall or shopping centre sites. The principles are focused on the structuring urban design elements of mall sites, such as streets and blocks, parks and open spaces, and the interface of retail uses and the public realm.
 

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