Rendering of upcoming renovations to Lacombe Centre Mall. (Supplied)

By rdnewsNOW Staff

New Ownership In Place

Big makeover coming at Lacombe Centre Mall

May 20, 2021 | 3:31 PM

Lacombe Centre Mall is set to undergo a major overhaul now that new ownership has taken over.

A celebration to announce the acquisition of the mall by Lacombe Centre GP Inc. was held on Thursday.

Although the purchase agreement is said to have limited discussions between the investment group and the current mall tenants, officials say that with the agreement now reached, Lacombe Centre GP Inc. aims to get to know the tenants and grow its relationship with them.

“Retail in 2021 is a challenging landscape, but we like the strong, proven national tenants we have, including Peavey Mart, Dollarama, Scotiabank, and Red Apple,” says Kristal Heise, President of Lacombe Centre GP Inc., in a release. “Add in the local strength of tenants like Lacombe Vision Centre, Hairapy, Lacombe Florist & Gifts, Lacombe Health Hut and Lacombe Audio Video and the mall is an attractive destination meeting many consumer needs in Lacombe.”

DROP-IN SPORTS NOW 18+ ONLY

Vandalism in Sylvan Lake continues to have community impact

3h ago

Council priorities

Lacombe city council gives update to 2024 strategic plan

5h ago

relationship not a one-way street

Podcast: Red Deerians working hard to steward planet as Earth Day circles around

6h ago

Officials with Lacombe Centre GP Inc., say there is a phased plan to improve the mall.

The current year will see an expansion of the Peavey Mart space and upgrades to the north half of the mall’s exterior. The investment group will also be adding a new KFC franchise, with a drive-thru in the east parking lot. Next year, mall exterior upgrades will be completed – along with a resurfaced parking lot.

Scott Builders is contracted for design and construction.

“Council welcomes the revitalization of this important economic space in Lacombe,” shared Mayor Grant Creasey. “This refresh will allow Lacombe Centre to be a hotspot for business in our community for years to come.”

Lacombe Centre GP Inc. thanked previous owner Lakefront Developments for a successful cooperative process during the sale and its stewardship of the property and tenants over the years.

“We appreciate the warm welcome we have received in Lacombe and believe it to be an excellent place to invest,” exclaims Heise. “The City has been very cooperative, and we appreciate their open-for-business approach while keeping their history and uniqueness in place. Our investment group includes some local content, so we have good information to make decisions.”

“We think Lacombe is a great community, and we look forward to being part of it,” adds Heise.

Works is expected to begin in June.

For local news delivered daily to your email inbox, subscribe for free to the rdnewsNOW newsletter here. You can also download the rdnewsNOW mobile app in the Google Play and the Apple App Stores.