<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;:341000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km Radius&quot;,&quot;description&quot;:&quot;Core area serving the mall, centered in downtown Lethbridge&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;50 km Radius&quot;,&quot;description&quot;:&quot;Extended trade area including southern Alberta and northern Montana communities&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;341,000 People&quot;,&quot;description&quot;:&quot;Total estimated population in primary and secondary areas, based on 2023 city population of 106,550 plus surrounding trade area of approximately 234,450&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.25&quot;,&quot;description&quot;:&quot;Annual growth rate from 2019 to 2023 municipal census data for Lethbridge&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;38.0 Years&quot;,&quot;description&quot;:&quot;Median age of Lethbridge residents from 2021 Census&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;2.5 Persons per household&quot;,&quot;description&quot;:&quot;Average household size in Lethbridge CMA from 2021 Census data&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of population aged 25-64 with a university certificate, diploma or degree from 2021 Census&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;$84,000 CAD&quot;,&quot;description&quot;:&quot;Median total household income before tax from 2021 Census for Lethbridge&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;9.0&quot;,&quot;description&quot;:&quot;2023 unemployment rate for Lethbridge region from Alberta Economic Dashboard&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;95 Index (Canada=100)&quot;,&quot;description&quot;:&quot;Estimated cost of living index for Lethbridge, 5% below national average based on ERI data&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;$10,000 CAD per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per person in Alberta, adjusted for Lethbridge demographics&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;1,200 CAD per household per year&quot;,&quot;description&quot;:&quot;Estimated annual household spending on clothing and footwear, based on Alberta retail trends showing 3.2% monthly increase&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;6,000 CAD per household per year&quot;,&quot;description&quot;:&quot;Estimated annual household grocery spending, derived from national averages adjusted for Lethbridge cost of living&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;800 CAD per household per year&quot;,&quot;description&quot;:&quot;Estimated annual household spending on electronics, reflecting declines in Alberta retail data&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;3,900,000 Visits&quot;,&quot;description&quot;:&quot;Estimated total annual visits based on 565,938 unique shoppers and average multiple visits per year from Primaris data&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;46.2 Minutes&quot;,&quot;description&quot;:&quot;Average length of visit for shoppers at the mall from 2023 Primaris metrics&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Estimated percentage of visitors making a purchase, standard for regional malls&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;5,000 CAD&quot;,&quot;description&quot;:&quot;Estimated annual sales per square meter of GLA, based on Canadian retail benchmarks for similar properties&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;110 Stores&quot;,&quot;description&quot;:&quot;Total number of shops and services in the mall from Primaris REIT information&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Anchors include Winners and other major retailers serving as draw&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Low Density&quot;,&quot;description&quot;:&quot;Only enclosed mall in Lethbridge, minimal direct enclosed competition&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Diversity&quot;,&quot;description&quot;:&quot;Mix includes fashion, food, services, and entertainment across categories&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Features unique local and regional tenants enhancing differentiation&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 the mall from Wikipedia and Primaris data (477,000 sq ft converted)&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;2 Levels&quot;,&quot;description&quot;:&quot;Multi-level enclosed structure covering four city blocks&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;35 CAD&quot;,&quot;description&quot;:&quot;Estimated average in-place rent per sq m from Avison Young and Primaris reports&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;1.0&quot;,&quot;description&quot;:&quot;Low vacancy rate estimated below 1% from 2024 Avison Young retail market report&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Standard 5-year Terms&quot;,&quot;description&quot;:&quot;Typical lease terms with options for renewal in Canadian retail&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;Low Availability&quot;,&quot;description&quot;:&quot;Minimal available space due to high occupancy of 98.8% from Primaris 2024 AIF&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Downtown core Location&quot;,&quot;description&quot;:&quot;Direct access from 1st Avenue South and major downtown arteries&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;High Access&quot;,&quot;description&quot;:&quot;Served by Lethbridge Transit with multiple routes and nearby terminals&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;2,209 Stalls&quot;,&quot;description&quot;:&quot;Total parking stalls available from Primaris mall data&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High Traffic&quot;,&quot;description&quot;:&quot;Downtown location with strong 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;High Competition&quot;,&quot;description&quot;:&quot;Growing e-commerce market in Canada with 9.86% CAGR impacting physical retail&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Estimated adoption rate for omnichannel services in regional malls&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;95.0&quot;,&quot;description&quot;:&quot;High broadband penetration in Lethbridge aligning with national averages&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Moderate Rate&quot;,&quot;description&quot;:&quot;Property crime down 16% in 2024, but historically high; retail theft reported in Alberta&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;Guards and CCTV Measures&quot;,&quot;description&quot;:&quot;On-site security guards, cameras, and monitoring services as per local business reports&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;Includes Black Friday bonuses, contests, and seasonal promotions from mall social media&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;10.0&quot;,&quot;description&quot;:&quot;Estimated participation in gift card and rewards programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Digital displays and online promotions integrated in mall operations&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;2.0&quot;,&quot;description&quot;:&quot;Stable growth aligned with population increase and regional trends&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Active Pipeline&quot;,&quot;description&quot;:&quot;Ongoing additions of new retailers as per 2016-2024 announcements&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Potential Plans&quot;,&quot;description&quot;:&quot;Rumored expansion into former Sears space in next few years from community discussions&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;:0.0,&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;: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;secondary&quot;:[],&quot;outside&quot;:[]}" data-map-update-url-value="/malls/park-place-shopping-centre" id="mall-map-wrapper"><div data-city="Lethbridge" data-current-mall="true" data-id="park-place-shopping-centre" data-lat="49.6987267" data-lng="-112.8405777" data-map-target="mall" data-name="Park Place Shopping 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">10 km Radius</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">50 km Radius</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">341,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.25</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">$84,000 CAD</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">9.0</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">95 Index (Canada=100)</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">$10,000 CAD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">1,200 CAD per household per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">6,000 CAD per household per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">800 CAD per household per year</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">3,900,000 Visits</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">46.2 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">5,000 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">110 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Low Density</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Diversity</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">35 CAD</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">1.0</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">Downtown core Location</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">High Access</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">2,209 Stalls</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High Traffic</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">High Competition</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">20.0</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">Moderate Rate</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">Guards and CCTV Measures</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">10.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Presence</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">2.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Active Pipeline</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Potential Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>