There are changes coming to Parkland Mall.
Motorists passing the shopping centre along Gaetz Avenue in north Red Deer will see that the south side façade of the former Safeway location is now gone.
Dan Hachey, General Manager of Parkland Mall, says their head office is in serious negotiations with four national Canadian retailers to fill the 55,000 sq. ft. space.
"They’ll be coming to that centre by late 2018 and that construction you’re seeing now is basically us starting work that fulfills the obligations to turn over the space to those retailers in late spring so they can do their construction."
Hachey believes with two major tenants filling that space in the near future, it could spell good news for filling up the smaller storefronts which have been vacated over the last several months.
The economy, which has also played a part in some leaving, will play a part in bringing some back, he says.
“Since 2014 when oil prices took a turn, unemployment got up to 10 per cent in Alberta. When the world market crash happened in 2008, we reached a high of eight per cent," Hachey points out. "You’re certainly seeing a much more positive atmosphere with the five per cent unemployment we’re experiencing now.”
Hachey adds the action happening at Parkland is an indicator that retailers know Alberta is ripe with opportunity.
“We’re a resource-rich province and just by the negotiations happening at Parkland Mall with major national retailers, that’s a good testament to Alberta that retailers want to be here,” he says.
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