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BTW... I would just like to say... good riddance. Not that I'm a fan of what Dartmouth Crossing has wrought... leading to all these abandoned stores and forcing people to drive further out... but Penhorn has been going to seed since the early 90's. It's about time they put a bullet in it's head.
Keep in mind too, they're supposedly keeping a chunk of the mall, the part shown behind the Sears; that's going to need parking as well. They could probably get away with making the parking lot next to Sears smaller, put some green space between the parking lot and the apartment buildings next to it.
Also keep in mind that rendering doesn't show the new bus terminal, which is supposed to be larger than the existing one. No idea how much space that would take up, but I can't see it impacting on the parking lots.
So, the current status. The wall closest to Portland Street is still standing, although slowly - very slowly - is coming down. Everything else is just piles of rubble.
Part of the mall was demolished, as far as the mall doors where the Tim Hortons used to be. My guess is they'll do this in two stages, with stage one being the demo of Wal-Mart and construction of the Sobeys in its place, and stage 2 will be the construction of the new strip mall where ever it's going to be, and the demolition of the rest of the mall, old Sobeys, theatres and Moore's building following the opening of the new mall.