<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="49.6987267" data-lng="-112.8405777" data-map-catchment-data-value="{&quot;lat&quot;:&quot;49.6987267&quot;,&quot;lng&quot;:&quot;-112.8405777&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 Square Kilometers&quot;,&quot;description&quot;:&quot;Primary area covers the city of Lethbridge, approximately 122 sq km, serving local residents&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;Southern Alberta and Northern Montana Square Kilometers&quot;,&quot;description&quot;:&quot;Secondary area includes surrounding regions up to 100 km radius, drawing regional shoppers&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 of Lethbridge as primary catchment&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 from 2023 to 2024 estimates&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;40.2 Years&quot;,&quot;description&quot;:&quot;Median age of Lethbridge residents based on 2021 census data&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 from census statistics&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;35.0&quot;,&quot;description&quot;:&quot;Percentage of population aged 25+ with post-secondary education in Lethbridge&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$91,864 CAD&quot;,&quot;description&quot;:&quot;Trade area average household income from mall fact sheet&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;2023 annual unemployment rate in Lethbridge region&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;95 Index&quot;,&quot;description&quot;:&quot;Estimated cost of living index relative to Canadian average of 100, indicating affordability&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;$3,800 CAD&quot;,&quot;description&quot;:&quot;Annual retail spending per capita inferred from $3.8B trade area total and 100k population&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;$500 CAD&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on apparel based on national averages adjusted for region&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;$4,200 CAD&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on groceries from Canadian retail trends&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;$800 CAD&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on electronics from industry reports&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;2,500,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated annual visitors based on mall size and regional draw&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall from typical enclosed mall benchmarks&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;$8,600 CAD&quot;,&quot;description&quot;:&quot;Annual sales productivity converted from $800 per sq ft for comparable units&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;123 Stores&quot;,&quot;description&quot;:&quot;Total number of stores and services in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Presence of major anchors like Galaxy Cinemas, Old Navy, Shoppers Drug Mart&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Low Qualitative&quot;,&quot;description&quot;:&quot;Only enclosed mall in Lethbridge, low direct enclosed competitors&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Diverse mix including fashion, home goods, entertainment, and food&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Galaxy Cinemas, Food Court Items&quot;,&quot;description&quot;:&quot;Unique features like multi-screen cinema and renovated food court&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;44,300 Square Meters&quot;,&quot;description&quot;:&quot;GLA of approximately 477,000 sq ft converted to sq m&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;2 Levels&quot;,&quot;description&quot;:&quot;Multi-level enclosed mall structure&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;$40 CAD&quot;,&quot;description&quot;:&quot;Average retail lease rate in Lethbridge from market reports&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Estimated low vacancy based on stable market and mall performance&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Qualitative&quot;,&quot;description&quot;:&quot;Standard 5-10 year terms with renewal options&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;2,000 Square Meters&quot;,&quot;description&quot;:&quot;Estimated available space from market insights&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct Qualitative&quot;,&quot;description&quot;:&quot;Located on 1st Avenue South, close to Highway 3&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Served by Lethbridge Transit routes including Line 1 bus&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;2,209 Spaces&quot;,&quot;description&quot;:&quot;Total parking stalls available&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Moderate Qualitative&quot;,&quot;description&quot;:&quot;Downtown location with good walkability but traffic-dependent&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;Medium Qualitative&quot;,&quot;description&quot;:&quot;Increasing online retail but mall focuses on experiential shopping&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;Growing Qualitative&quot;,&quot;description&quot;:&quot;Adoption in stores like Shoppers Drug Mart from national trends&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;95.0&quot;,&quot;description&quot;:&quot;High broadband penetration in Lethbridge households&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low Qualitative&quot;,&quot;description&quot;:&quot;16% decrease in overall crime in Lethbridge 2024&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV, Guards Items&quot;,&quot;description&quot;:&quot;Standard mall security including surveillance and on-site personnel&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Multiple annually Events&quot;,&quot;description&quot;:&quot;Regular promotions and seasonal events&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;Medium Qualitative&quot;,&quot;description&quot;:&quot;Gift cards and store-specific programs like Tims Rewards&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Boolean&quot;,&quot;description&quot;:&quot;Digital displays including menu boards and educational signage&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 projected from population and economic trends&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing Qualitative&quot;,&quot;description&quot;:&quot;Recent renovations and BOMA awards indicate active leasing&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;None major Qualitative&quot;,&quot;description&quot;:&quot;Recent $4M food court renovation in 2022, no large expansions announced&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:7877,&quot;slug&quot;:&quot;lethbridge-centre&quot;,&quot;name&quot;:&quot;Lethbridge Centre&quot;,&quot;lat&quot;:&quot;49.6935462&quot;,&quot;lng&quot;:&quot;-112.8423156&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Lethbridge Centre, now operating as Melcor Centre, is an enclosed two-storey retail and service facility with an adjoining 11-storey office tower located at 200 4th Avenue South in downtown Lethbridge, Alberta. Spanning approximately 133,000 square feet, it has transitioned over the past decade from a traditional enclosed mall to a mixed-use hub emphasizing health, professional services, and limited retail. Anchored by Hudson&#39;s Bay and TD Canada Trust, the tenant mix includes eyewear specialists, food services, health care providers, tax preparation, sewing shops, and retail outlets on the main level; the second level hosts blood services, eye care, family resources, financial services, legal offices, massage therapy, realtors, and senior programs; the office tower accommodates accountants, dentists, engineers, environmental services, government offices, insurance, lawyers, and psychiatrists. In the broader Lethbridge retail market, which features a vacancy rate of 0.9% as of early 2025 with limited available space under 10,000 square feet primarily in west Lethbridge, this property holds a central urban position serving the city&#39;s daytime population of over 105,000. Leasing advantages include lower downtown rents of $12-16 per square foot compared to suburban rates of $30-40, proximity to core demographics with average household incomes around $117,000 for local visitors, and integration into a trade area generating $3.8 billion in annual spending across categories like food ($927 million), health care ($296 million), and clothing ($213 million). However, challenges arise from competition with suburban centres like Park Place Mall, which boasts over 95% occupancy and a balanced fashion-services mix attracting higher footfall, potential aging infrastructure in the downtown core, and a shift toward service-oriented tenancy that may constrain pure retail opportunities amid market saturation in big-box formats. Accessibility is strong via downtown streets and public transit, though parking and urban congestion pose minor risks. Overall, it suits lessees targeting service synergies and urban professionals in a stable, low-vacancy market with steady population growth to 113,000 residents by 2025.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Lethbridge&quot;},&quot;anchor_tenants&quot;:&quot;Hudson&#39;s Bay, TD Canada Trust&quot;,&quot;distance&quot;:0.59,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;40&quot;,&quot;gla_sqm&quot;:&quot;41460&quot;,&quot;anchor_tenants&quot;:&quot;Hudson&#39;s Bay, TD Canada Trust&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;:0.0,&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/park-place-mall" id="mall-map-wrapper"><div data-city="Lethbridge" data-current-mall="true" data-id="park-place-mall" data-lat="49.6987267" data-lng="-112.8405777" data-map-target="mall" data-name="Park Place Mall" 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 Square Kilometers</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">Southern Alberta and Northern Montana Square Kilometers</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">$91,864 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">$3,800 CAD</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">$500 CAD</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">$4,200 CAD</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">$800 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">2,500,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">90 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">$8,600 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">123 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Boolean</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Low Qualitative</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Qualitative</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">44,300 Square Meters</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">$40 CAD</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">5.0</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 Qualitative</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">High Qualitative</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">2,209 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Moderate Qualitative</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 Qualitative</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">Growing Qualitative</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 Qualitative</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV, Guards Items</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">Multiple annually Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">Medium Qualitative</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Boolean</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 Qualitative</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">None major Qualitative</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>