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The Fort Mall is a dead mall located in Fort Saskatchewan, Alberta, Canada, in the Edmonton metropolitan area.
The mall is located on a 12-acre parcel on the east side of downtown, and contains 170,000 square feet of retail space.[1][2]
History
editIn February 2003, Tawa Development purchased the mall from Canada Life Insurance and promised renovations.[3] The opening of nearby larger Cornerstone Mall in 2003, however, causing a loss of at least three tenants.[4][5] The planned renovations were never completed, and Worthington Properties subsequently took over ownership[6] in 2006.[7] In the summer of 2007, Worthington proposed to demolish part of the mall to construct apartments or condominiums.[6]
Lender Paragon Capital Corporation Ltd. started foreclosure proceedings against the mall after suing to recover $6 million in 2008, and in April 2009, the mall was listed for judicial sale.[2][8] The initial asking price was $8 million.[9] A $4 million bid from the city in the fall of 2009 was rejected.[10] In February 2010, the mall was relisted for sale at $5 million dollars.[1][11] An offer of $4.35 million was accepted by the court in April 2010, but the proposed sale has not been completed.[1][12]
It only has four services left. It has a dentist and a health unit. It also has a nightclub and a catering service. \[citation needed]
References
edit- ^ a b c Conal MacMillan (April ?, 2010). "Court accepts offer on mall". Fort Saskatchewan Record. Retrieved May 24, 2010.
{{cite news}}: Check date values in:|date=(help); Italic or bold markup not allowed in:|publisher=(help) - ^ a b Conal MacMillan (March ?, 2010). "Fort Mall draws some interest". Fort Saskatchewan Record. Retrieved May 24, 2010.
{{cite news}}: Check date values in:|date=(help); Italic or bold markup not allowed in:|publisher=(help) - ^ "New owners plan Fort Mall makeover". Fort Saskatchewan Record. February 7, 2003. Retrieved May 24, 2010.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Owner hopes to turn mall around". Fort Saskatchewan Record. July 27, 2004. Retrieved May 24, 2010.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "The exodus continues". Fort Saskatchewan Record. September 19, 2003. Retrieved May 24, 2010.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ a b "Editorial: Mall owner's plan should be welcome relief". Fort Saskatchewan Record. August 10, 2007. Retrieved May 24, 2010.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Fort Mall in court-ordered sale". Sturgeon Creek Post. May 6, 2009. Retrieved May 24, 2010.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Conal MacMillan (March ?, 2010). "Fort Mall on open market for $5M". Fort Saskatchewan Record. Retrieved May 24, 2010.
{{cite news}}: Check date values in:|date=(help); Italic or bold markup not allowed in:|publisher=(help) - ^ "Fort Mall will see better days". Fort Saskatchewan Record. May 7, 2009. Retrieved May 24, 2010.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help) - ^ Conal MacMillan (January ?, 2010). "Council offers $4M for Fort Mall". Fort Saskatchewan Record. Retrieved May 24, 2010.
{{cite news}}: Check date values in:|date=(help); Italic or bold markup not allowed in:|publisher=(help) - ^ http://www.fortsaskatchewanrecord.com/ArticleDisplay.aspx?e=1558231
- ^ Conal MacMillan (April 30, 2010). "CEdmonton family behind mall bid". Fort Saskatchewan Record. Retrieved May 24, 2010.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help)
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