Big plans for old Sears site

The former Sears Canada space in Parkland Mall could soon undergo a major transformation.

The former Sears Canada space in Parkland Mall could soon undergo a major transformation.

The area became vacant when Sears relocated to Bower Place Shopping Centre in August 2008. For much of the time since then, the space has been used by Urban Planet and Labels clothing stores, with each occupying about 44,000 square feet.

But mall manager Dan Hachey said senior management has been working on a “major redevelopment strategy” that could see the area reconfigured for new retail uses.

“I would say it’s 99 per cent that we’ll be demolishing with a redevelopment. So the former Sears would come down.”

Hachey said prospective tenants are already being approached and told about the plans for Parkland Mall.

“Our development and leasing teams are out pounding the pavement for those retailers that we earmarked.”

He’s hoping announcements about the mall changes and new businesses there can be made within months.

“There is interest,” said Hachey, adding that the tenants being targeted are larger box retailers.

The economic downturn makes this process more difficult, he acknowledged.

“Most retailers are looking at tightening up, not expanding. However, they won’t turn down opportunity.”

Urban Planet and Labels were both signed to short-term leases, which are due to expire in April. Although their futures in the mall remain uncertain, Labels has been advertising a “closing down sale” in recent weeks.

“We’re hoping that both will consider staying,” said Hachey, “but because that is a redevelopment area of the shopping centre — we’re working on those plans and negotiating with retailers for a redevelopment — we can’t lock in long term.”

He said Urban Planet and Labels, which are both warehouse-style clothing stores, have been ideal for the space as it now exists. But they were signed with the understanding that the situation could change.

“Those deals were intentionally short-term because of our long-term redevelopment plans.”

hrichards@bprda.wpengine.com

Just Posted

Lacombe council seeking answers about policing cost overruns

Council surprised to find out about $240,000 policing budget shortfall

Red Deer fundraiser to help educate Somali orphans on May 11

The Mother’s Day event is for all ages

Lacombe to join municipal coalition spreading the word about importance of resource industry

Resources Communities of Canada Coalition to represent municipalities connected to resource industry

These blues will get you dancing: The Overdue Blues Band performs in Red Deer Saturday

Calgary’s Brother Ray Lemelin Band is also on Elks Lodge bill

Gardening: Time and effort key to buying garden plants

Greenhouses, garden centers and box stores are set to start selling bedding… Continue reading

Montreal native Nicholas Latifi off to solid start on Formula 2 race circuit

Practice makes perfect for Canadian Nicholas Latifi. The 23-year-old Montreal auto racer… Continue reading

Bruins victory over Leafs ensures an American team will hoist the Stanley Cup

TORONTO — Many NHL players were either not yet born or too… Continue reading

Swole, buzzy, among new words in Merriam-Webster dictionary

BOSTON — Get swole, prepare a bug-out bag, grab a go-cup and… Continue reading

Garner graces cover of People’s annual ‘Beautiful Issue’

NEW YORK — Jennifer Garner graces the front of this year’s “Beautiful… Continue reading

Updated: Joshua Arthur Sanford has been found, says RCMP

37-year-old Ponoka man last seen on Tuesday morning

Inspired by a galaxy far, far away, these ‘Star Wars’ mementos could be yours forever

CHICAGO —The stuff of “Star Wars” —and there is unfortunately no better… Continue reading

Shoppers Drug Mart launches second online medical pot portal in Alberta

TORONTO — Medical cannabis users in Alberta can now get their therapeutic… Continue reading

Most Read