Advertisement

New Horizon Mall will be 50% leased with addition of family entertainment centre

Click to play video: 'New Horizon Mall hosts closed-door meeting with tenants'
New Horizon Mall hosts closed-door meeting with tenants
WATCH ABOVE: (Oct. 23, 2019) The developers of the mostly vacant New Horizon Mall held a meeting with tenants on Oct. 23. As Doug Vaessen reports, the meeting gave tenants an opportunity to voice concerns – Oct 23, 2019

The New Horizon Mall just north of Calgary says it will finally exceed 50 per cent retail tenant occupation nearly two years after opening thanks to the addition of a family entertainment centre called Sky Castle.

Rendering of Sky Castle play place at New Horizon Mall. Credit: Sky Castle

The mall says the new tenant will open in the fall with about 3,100 square metres (34,000 square feet) under a long-term lease with attractions including a climbing zone, little kids mini-town, rides and interactive games.

Story continues below advertisement

https://www.instagram.com/p/B8ScncohGtE/

READ MORE: Balzac’s New Horizon Mall addresses tenant concerns in closed-door meeting

Read next: Chinese spy balloon: U.S. Navy releases up-close photos of debris recovery

Unlike most shopping centres in Canada, about 70 per cent of New Horizon Mall‘s retail space has been sold to individual investors who have the option of leasing to others or operating their spaces themselves.

It was built as an Asian-style bazaar by the same developers that built Toronto’s Pacific Mall.

It began allowing tenants to set up their small shops in May 2018 but only nine of its 517 spaces were actually occupied four months later. Leasing has continued to be slow despite incentives by the mall and the individual store owners.

A few shoppers browse the sprawling New Horizon Mall in Calgary on Tuesday, March 19, 2019. THE CANADIAN PRESS/Dave Chidley

READ MORE: New haunted house hopes to help draw more people to Calgary’s New Horizon Mall

Read next: Amateur metal detectorist uncovers incredibly rare 500-year-old royal pendant

Story continues below advertisement

The mall says signing its third anchor tenant means about 86 per cent of the space it retained ownership of will be occupied.

With more than 100 stores open, it says about 53 per cent of New Horizon Mall’s total 18,950 square metres (205,000 square feet) will be leased.

View this post on Instagram

MARK YOUR CALENDARS!! 😀 😀 Our next POP UP ROLLER RINK party – Saturday, February 1 at @newhorizonmall.official! Cost is Free! Skate rentals $10 (inline & quad). Noon to 4:00 p.m. Rink is upstairs by food court. Children under 14 must be accompanied by an adult at all times. Waivers will be required to be signed at the event. Hope to see you there! 😀💥 Reposted from @calgaryrollerskate and @alieninline #calgaryrollerskate #yycrollerskater #yycrollerdance #yycrollerdancer #yyc #calgary #thingstodoyyc #thingstodoinyyc #yycweekend #yycwknd #yycevents #yycbuzz #yyctoday #yycliving #yycfitness #calgaryfitness #newhorizonmall #yycdance #danceyyc #yycfitness #fitnessyyc #calgaryfitness #newhorizonmallevent #sundayskateyyc #yycsaturdaya #canadianrollerdancers #yyckids #yycadults #sundayskateyyc #yycevents #yycsports #airdrieevents #airdrie #thingstodoinairdrie

A post shared by New Horizon Mall (@newhorizonmall.official) on

READ MORE: Farmers market chosen as new anchor store to rescue Balzac’s empty mega-mall

Read next: Woman found breathing in N.Y. funeral home after being declared dead hours earlier

“There was a lot of interest in this space from many different organizations but we wanted a strong anchor tenant that will attract shoppers and families and we are ecstatic to have Sky Castle on board,” said Ross Cannata of New Horizon Mall Inc.

Story continues below advertisement

The other anchor tenants are Prairie Horizon Fresh Market and The Best Shop department store.

New Horizon Mall in Balzac. Jill Croteau

Sponsored content