Oct. 26, 2016 | Mario Toneguzzi
Calgary's collection of decades-old malls are getting much-needed facelifts
Consumer demand is driving a wave of commercial real estate development in the city with several major shopping centres poised to get major makeovers this year and next.
Deerfoot Mall in the city's northeast, as well as Northland Village Mall and Stadium Shopping Centre in the northwest, are all in the planning or development stages of redevelopment.
Michael Kehoe, an Alberta-based retail specialist with Fairfield Commercial Real Estate Inc., said the collective changes reflect landlords' attempts to breathe new life into decades-old retail hubs, of which there are plenty in the city.