<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="49.6935462" data-lng="-112.8423156" data-map-catchment-data-value="{&quot;lat&quot;:&quot;49.6935462&quot;,&quot;lng&quot;:&quot;-112.8423156&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:106550}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;Lethbridge City&quot;,&quot;description&quot;:&quot;Core urban area within 5 km radius serving daily shoppers&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;Lethbridge CMA&quot;,&quot;description&quot;:&quot;Extended regional area up to 50 km including surrounding communities&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;106,550 People&quot;,&quot;description&quot;:&quot;2023 municipal census population for Lethbridge, primary catchment base&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;4.16&quot;,&quot;description&quot;:&quot;Year-over-year increase in Lethbridge population as of 2024&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;38.2 Years&quot;,&quot;description&quot;:&quot;Estimated median age from 2021 census data for Lethbridge residents&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.5 Persons&quot;,&quot;description&quot;:&quot;Average household size in Lethbridge based on 2021 census&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;25.3&quot;,&quot;description&quot;:&quot;Percentage of population aged 25-64 with a university degree or higher, 2021 census&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$90,000 CAD&quot;,&quot;description&quot;:&quot;Estimated median household income for Lethbridge in 2023&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;2023 annual unemployment rate for Lethbridge region&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;95 Index&quot;,&quot;description&quot;:&quot;Relative cost of living compared to national average of 100 for Alberta cities like Lethbridge&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;$18,500 CAD&quot;,&quot;description&quot;:&quot;Annual retail expenditure per person in Lethbridge trade area, estimated from 2025 report&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;2,200 CAD&quot;,&quot;description&quot;:&quot;Per capita annual spending on clothing and apparel in Alberta, adjusted for Lethbridge&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;4,800 CAD&quot;,&quot;description&quot;:&quot;Per capita annual grocery spending in Lethbridge, based on regional consumer data&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;1,200 CAD&quot;,&quot;description&quot;:&quot;Per capita annual spending on electronics in Alberta households, estimated for Lethbridge&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;1,200,000 Visits&quot;,&quot;description&quot;:&quot;Estimated annual visitors to downtown mall like Lethbridge Centre, based on similar regional centers&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;60 Minutes&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall, estimated from Canadian retail averages&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase, standard for mid-sized Canadian malls&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;4,500 CAD&quot;,&quot;description&quot;:&quot;Annual sales productivity per square meter, estimated for Lethbridge retail&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;40 Stores&quot;,&quot;description&quot;:&quot;Approximate number of retail and service tenants in redeveloped Lethbridge Centre&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Presence of major anchors like health and professional services post-redevelopment&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;2 Per 100,000 people&quot;,&quot;description&quot;:&quot;Nearby competing malls like Park Place in the region&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Mix of health, professional, and remaining retail tenants&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Specialized health and service-focused concepts in downtown location&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;41,460 sqm&quot;,&quot;description&quot;:&quot;Estimated GLA after 2015 redevelopment into mixed-use space&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;2 Levels&quot;,&quot;description&quot;:&quot;Two-storey enclosed structure with adjoining office tower&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;400 CAD&quot;,&quot;description&quot;:&quot;Monthly average rent for retail space in Lethbridge downtown, 2024 estimates&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;0.8&quot;,&quot;description&quot;:&quot;Low retail vacancy in Lethbridge market as of 2024&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Moderate&quot;,&quot;description&quot;:&quot;Standard 5-year terms with some negotiation for downtown properties&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;465&quot;,&quot;description&quot;:&quot;Estimated current available space in mixed-use format&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct&quot;,&quot;description&quot;:&quot;Located in downtown core with access to Highway 3 and 5&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Well-served by Lethbridge Transit routes and downtown terminals&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;800 Spaces&quot;,&quot;description&quot;:&quot;Combination of on-site garage and nearby downtown parking&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Central location encourages walk-in traffic from urban core&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Growing online retail impact, but strong local service draw&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Estimated adoption rate for hybrid shopping in Canadian malls&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;95.0&quot;,&quot;description&quot;:&quot;High broadband access in Lethbridge households, 2024&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;City-wide crime down 16% in 2024, retail incidents reduced&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and patrols&quot;,&quot;description&quot;:&quot;Standard mall security including cameras and on-site personnel&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Quarterly&quot;,&quot;description&quot;:&quot;Regular events and promotions in downtown retail spaces&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;40.0&quot;,&quot;description&quot;:&quot;Participation in regional programs like AIR MILES&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Modern digital displays in redeveloped areas&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;3.0&quot;,&quot;description&quot;:&quot;Annual growth estimate based on population and economic trends&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing&quot;,&quot;description&quot;:&quot;Continued attraction of health and professional tenants&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Redeveloped&quot;,&quot;description&quot;:&quot;Major 2015 upgrade; future mixed-use enhancements planned&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:5781,&quot;slug&quot;:&quot;park-place-mall&quot;,&quot;name&quot;:&quot;Park Place Mall&quot;,&quot;lat&quot;:&quot;49.6987267&quot;,&quot;lng&quot;:&quot;-112.8405777&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Park Place Mall, located at 501 1st Avenue South in downtown Lethbridge, Alberta, Canada, is the largest enclosed shopping centre in Southern Alberta, spanning four blocks with over 110 stores and services. Opened in 1978 and owned by Primaris REIT, it serves as the primary retail destination in a city of approximately 102,000 residents, drawing from a trade area where annual consumer spending reaches $3.8 billion. The tenant mix includes national anchors like Sport Chek, Sephora, American Eagle Outfitters, Bath \u0026 Body Works, and a food court with options such as New York Fries and Edo Japan, alongside local businesses and services like banks and a cinema. Accessibility is strong via Highway 3 and public transit, with 2,209 parking stalls and proximity to the University of Lethbridge, which contributes to a younger demographic profile. Market position is dominant as the only enclosed mall in Lethbridge, benefiting from low regional retail vacancy rates below 1% per Avison Young reports. Leasing advantages include competitive downtown rents of $12-16 per square foot, flexible spaces from 500 to 10,000 square feet, and opportunities for first-to-market retailers in categories like fashion and beauty. However, challenges include competition from suburban big-box retailers like Walmart and Costco, potential aging infrastructure in a 45-year-old property, and economic sensitivity to Alberta&#39;s oil and agriculture sectors. Footfall is estimated at moderate levels for a regional mall, supported by events and university proximity, though specific metrics are not publicly detailed. Overall, it offers stable occupancy and a balanced mix for retailers targeting middle-income families and students, with operational quality maintained through recent renovations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Lethbridge&quot;},&quot;anchor_tenants&quot;:&quot;Winners, Chapters, Galaxy Cinemas, Michaels, Staples&quot;,&quot;distance&quot;:0.59,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;123&quot;,&quot;gla_sqm&quot;:&quot;44300&quot;,&quot;anchor_tenants&quot;:&quot;Winners, Chapters, Galaxy Cinemas, Michaels, Staples&quot;}},{&quot;id&quot;:5697,&quot;slug&quot;:&quot;park-place-shopping-centre&quot;,&quot;name&quot;:&quot;Park Place Shopping Centre&quot;,&quot;lat&quot;:&quot;49.6987267&quot;,&quot;lng&quot;:&quot;-112.8405777&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Park Place Shopping Centre is the sole enclosed regional mall in Lethbridge, Alberta, spanning 477,000 square feet across downtown four city blocks. Opened in 1988 and renovated in 2017, it hosts over 110 stores and services, including anchors like Winners, Shoppers Drug Mart, Galaxy Cinemas, Old Navy, Michaels, Sport Chek, Staples, Chapters, and Dollarama. The tenant mix emphasizes fashion (American Eagle, Aerie, Garage Clothing), beauty (Bath \u0026 Body Works, Pandora), home goods (JYSK, Soft Moc), and entertainment, complemented by a redeveloped food court named crave. As the dominant enclosed retail destination, it draws from a trade area covering southern Alberta and northern Montana, with 565,938 unique shoppers in 2023 and average visit durations of 46.2 minutes. Sales performance reached $84.8 million over a rolling 12-month period in late 2022, equating to $666 per square foot. Accessibility benefits from central location near major highways, though downtown positioning may limit drive-thru convenience. Occupancy remains strong at approximately 95%, supported by low regional vacancy rates under 1%. Lease rates for similar downtown retail range from $12 to $16 per square foot annually, with mall spaces potentially higher at $25 to $35 per square foot due to enclosed environment and foot traffic. Advantages include stable demand from a university-influenced demographic and limited enclosed competition, fostering first-to-market opportunities for tenants. Drawbacks involve aging infrastructure from the 1980s build, potential saturation in apparel categories, and competition from nearby power centers like Walmart and emerging suburban developments. Market factors such as Lethbridge&#39;s population of about 106,000, median household income around $80,000, and growth in sectors like agriculture and education bolster performance, yet economic sensitivity to oil prices and cross-border trade fluctuations pose risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Lethbridge&quot;},&quot;anchor_tenants&quot;:&quot;Old Navy, Galaxy Cinemas, Chapters, Sport Chek, Dollarama, Staples, Michaels, Winners, Shoppers Drug Mart&quot;,&quot;distance&quot;:0.59,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;110&quot;,&quot;gla_sqm&quot;:&quot;44300&quot;,&quot;anchor_tenants&quot;:&quot;Old Navy, Galaxy Cinemas, Chapters, Sport Chek, Dollarama, Staples, Michaels, Winners, Shoppers Drug Mart&quot;}}],&quot;secondary&quot;:[],&quot;outside&quot;:[]}" data-map-update-url-value="/malls/lethbridge-centre" id="mall-map-wrapper"><div data-city="Lethbridge" data-current-mall="true" data-id="lethbridge-centre" data-lat="49.6935462" data-lng="-112.8423156" data-map-target="mall" data-name="Lethbridge Centre" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Lethbridge City</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">Lethbridge CMA</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">106,550 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">4.16</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">$90,000 CAD</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">95 Index</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">$18,500 CAD</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">2,200 CAD</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">4,800 CAD</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">1,200 CAD</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">1,200,000 Visits</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">60 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">15.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">4,500 CAD</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">40 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">2 Per 100,000 people</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">41,460 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">2 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">400 CAD</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">0.8</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Direct</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">800 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Medium</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">30.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">95.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Low</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV and patrols</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Quarterly</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">40.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">3.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Redeveloped</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>