Who owns west edmonton mall

The project broke ground in but it languished during the early years, with its multi-coloured, checkerboard exterior drawing derision, including from then-New Jersey Gov.

Chris Christie who called it "an offence to the eyes" and "the ugliest damn building in New Jersey and maybe America. The project was suspended in during the financial crisis after a Lehman Brothers affiliate failed to fund its share of the construction. Creditors seized the project in Triple Five came on board a year later. Three million square feet of anything is complicated and takes a long time. We are shedding malls in the United States but this is not a mall in the typical sense because it has so much entertainment.

Pseudonyms will no longer be permitted. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please check our directory page for an updated list. As a result, shopping patterns change, trade areas shift or shrink, tenant mix suffers, occupancy and sales decline, and landlord investment often dries up.

Operating Mall Environmental Problems Coupled with these concerns are problems associated with asbestos containing materials encountered during normal maintenance work and managing water leaks that could lead to mold growth.

Note: A broken water pipe in a mall often leads to mold, ACM and lead based paint remediation. Begin typing your search term above and press enter to search.

Press ESC to cancel. Ben Davis March 8, Who owns the West Edmonton Mall? After more than four years of legal fights, ATB settled its dispute with the mall last December, but neither side has been willing to reveal details. ATB spokeswoman Darlene Dickinson said yesterday that the Edmonton-based Crown corporation has a policy of not commenting on individual files. The new mortgage, which represents a refinancing of West Edmonton Mall, is secured by, among other things, all of the mall's assets.

The mortgage was issued on May 16 and bears interest of 6. It matures on Oct. Individual members of the Ghermezian family and four family trusts control Alfam Properties Corp.