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First opened in June 2015 on the grounds of the Vancouver Airport Authority, the McArthurGlen shops owned by a London based company exceeded their footfall projections by 66 per cent in the first 90 days.
But is it a mall? The current retail manager does not use the “m” word, noting the fifty stores and 240,000 square feet of retailing has a resort feel akin to Whistler Village, or UBC’s Wesbrook Mall shopping area. The CEO of the McArthurGlen group states “we are thrilled by the reaction we’ve seen from our shoppers there and their positive response to our European day-out shopping concept”.
The consumer response has been positive, with several retailers who expected to have 5 million dollars in sales reporting sales of 10 million dollars. With 2,000 parking spaces and 30 per cent of trips by public transit (Templeton Canada Line Station) or bike, McArthurGlen says that 60 per cent of their shoppers are local. The company expects to break ground on phase 2 with an additional 140,000 square feet of retail space in the new year.
Stories from the Vancouver Sun and Business in Vancouver are referenced below.
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