![]() It quickly decided that a mall relocation could not only provide the dealership with space needed to grow, but also offer unique opportunities to attract new buyers and provide convenient service and amenity options for existing customers. (West Edmonton Mall and Fantasyland Hotel) which is the largest mall in North America and also features a skating rink, amusement rides, a water park and even an underground aquarium.Īlthough Mayfield Toyota was initially caught off guard by the suggestion, it was outgrowing its existing location and had been exploring real estate options. Triple Five approached Mayfield Toyota, the oldest and largest Toyota dealership in Alberta to see if it would relocate to the former Sears space at the West Edmonton Mall Property Inc. Instead Triple Five Group, owners of the mall, envisioned a rather unique #adaptivereuse for the several hundred thousand square foot former Sears. When Sears Canada vacated its anchor space at the West Edmonton Mall in 2018 another retailer did not take its place. #bankruptcy #retailrealestate #retaileasing #commercialrealestateīabies R Us is Opening A New Store - What is its Strategy and Plan as it Returns to Physical Estate? The real estate comeback and strategy of its sister company #ToysRUs - which involved everything from store-in-store partnerships with Macy's to sites in #airports - may provide some clues ⬇ #BabiesRUs - now under the ownership of WHP Global - is opening a 10,000 square foot store on July 19th at the American Dream Mall in New Jersey.Īnd a national roll-out of other Babies R Us locations may follow.īut can Babies R Us make a viable real estate comeback?Īnd what may be new and different about its return to physical real estate? So it may come as a surprise that one of these baby stores is making a #realestate comeback next week. ![]() ![]() These closings will add to the more than 5,000 #baby store closures (15 MM+ square feet!) that have occurred over just the past 6 years, following the bankruptcies of not only #buybuyBaby but also # Gymboree and Babies"R"Us. That means that all 110 remaining buybuyBaby #BigBox #retail stores will now close for good. The auction for the remaining buybuy BABY stores was cancelled last week. ![]()
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