The redevelopment would coincide with proposed transit-friendly development around the nearby Chinook Station light rail transit ("LRT") hub. The mall expansion, specifically, would see parking moved underground and a more 'pedestrian friendly' environment created at ground level.
The proposed mall expansion will go to vote by the Calgary Planning Commission this Thursday (June 6th) and we'll let you know the outcome. We have been informed by one of our Calgary insiders that it is expected to pass, given that Calgary's Corporate Planning Applications Group has recommended that it be approved.
|Diagram showing proposed mall expansion area, as well as proposed Chinook Station LRT area redevelopment.|
Chinook Centre is one of North America's most productive malls. It has sales of almost $1,100/square foot and by 2016, it is expected to boast sales of close to $1 billion with non-anchor sales of about $1,200/square foot. These numbers come from this Calgary Herald article.
We'll update you on Chinook Centre's expansion proposal as we get more information.