ShonTron
Moderator
Member Bio
- Joined
- Apr 24, 2007
- Messages
- 12,501
- Reaction score
- 9,384
- Location
- Ward 13 - Toronto Centre
A lot of malls gave really cheap rents to department stores. The theory was that the anchors would attract shoppers to the smaller stores that paid full rate. Mall signs still advertise the anchors. These were multi-year deals, so some mall operators were tickled pink when Eaton's went under (at least the successful suburban malls), and the stores were re-purposed. I'm sure Yorkdale made a fortune replacing the old Eaton's with new stores paying full rent.
The trouble with a few malls, especially the smalelr Ontario downtown malls, Eaton's was the only thing going for them, and died. The best greyfields in Ontario are the downtown malls of Sarnia, Brantford, Hamilton, etc.
The trouble with a few malls, especially the smalelr Ontario downtown malls, Eaton's was the only thing going for them, and died. The best greyfields in Ontario are the downtown malls of Sarnia, Brantford, Hamilton, etc.