Oakridge Mall in Vancouver may serve as an interesting glimpse of the future of mixed-format retailing. Ivanhoe Cambridge owns Oakridge Mall, a regional 600,000 sq foot mall built in the late 60s (I believe). It has a Bay, Zellars, Safeway as large format stores and then several hundred smaller leaseholders. The Canada Line subway from downtown Vancouver to the airport and the city of Richmond passes right beside Oakridge and a stop will be built right at the mall's front door. In response to the Canada Line and the general up-zoning of area Ivanhoe Cambridge will be expanding the mall to just-shy of 1,000,000 sq feet, absorbing
all above-ground parking in the process, creating a new city street through the old parking lots with retail frontages, adding 300,000 square feet of Class A office space to the current 150,000, adding 1,500,000 million square feet of residential units,
and will be redesigning the mall to create urban retail/commercial frontages along Cambie Street and 41st.
So to recap, the mall, which is already thriving despite only being 20 blocks from a several kilometre-long strip of highway-oriented large format retail (big box stores), is expanding, adding office space, a tonne of residential, a big chunk of commercial, and is responding to the changing character of the area by creating two new commercial high-streets. Not bad in my books.
Current image of Oakridge Mall:
Massing study of proposed redevelopment and expansion: