Retail destination undergoing major redevelopment – Invest Medicine Hat

Retail destination undergoing major redevelopment

News / Real Estate

The Medicine Hat Mall is in the middle of $15 million redevelopment of 118,000 square feet.

To date, HomeSense and Marshall’s have been announced for the space, formerly occupied by Target Canada. Galaxy Theatres Xscape will be expanded and there will be 20 new restaurants and retailers and a 600-seat food court.

“This is a tremendous opportunity to re-brand and upgrade the (shopping) centre,” said General Manager Richard Okrainec.

The Medicine Hat Mall is managed by Primaris Management Inc., a division of H&R REIT, Canada’s largest real estate investment trusts.  The company is investing approximately $15 million in a new retail wing, entrances and parking lot accessibility to two of Medicine Hat’s main roads.

The Medicine Hat Mall is located at the intersection of the Dunmore Road SE and Trans-Canada Highway, which sees about 29,000 vehicles per day. It makes up the broader Southlands Commercial District, which is home to a Wal-Mart Supercentre, Home Depot, and Superstore.

Medicine Hat is a regional shopping destination to over 120,000 people, including cross-border shoppers from neighbouring Saskatchewan, who shop in Alberta to avoid paying a 6% provincial sales tax.

“Medicine Hat is becoming a hub of construction and we have a skilled trades sector able to take on any project,” says Ryan Jackson, CEO of Invest Medicine Hat. “This city is seeing new projects planned for all of its major commercial areas.”

Medicine Hat Mall renovations are well underway with local companies contracted for approximately 65% of the construction. Skilled trades comprise nearly 20% of Medicine Hat’s workforce, many of whom earn their certificates locally at Medicine Hat College.

A surge in construction at the Medicine Hat Mall is expected to wrap up in spring 2017, however, the city’s construction and trades sector is expected to remain busy for the foreseeable future with new projects planned for all of the city’s major commercial nodes.