New mall set to start building
Construction should begin on a new mall between the Sandman Inn and the River Point Shopping Mall on Ferry Avenue sometime this summer.
Platform Properties, a Vancouver-based company, sealed the deal on the eight and a half acre site at the end of last year, purchasing the property from Rona, a company they dealt with in the past.
“We’ve purchased the lands between the Sandman and the River Point, and closed on it at the end of last year,” Kyle Shury, principal of the company, said.
The current plan is to construct a mall offering upwards of 100,000 square feet of retail space, depending on tenant demands.
“It will be kind of an extension of River Point next door,” Shury said.
He added it will not be an enclosed mall, but built in an outdoor format.
Shury said they are working on tenant deals right now, but won’t be in a position to begin announcing which companies intend to utilize the space for another few months.
“We’re not announced yet. We have a few deals in the works,” he said. “We will likely be at a point in the next 60 days to release tenant information.”
Platform’s next step will be garnering a development permit.
“We will go to city hall for a development permit application within 60 to 90 days,” he said.
Process-wise, if all goes well, they will have an application in a few months, then building permit approvals in the middle of this year. Construction will begin this summer.
“Construction will take about a year between our work and tenant improvement work. In late spring or early summer of 2014 businesses will be opening,” Shury said.
Shury said Platform chose Prince George for the development thanks to the positive position the city is in.
“There are pretty positive indicators coming out of there right now. There is some employment generation going on there and some good news stories. We saw the city was showing good signs and city hall is excited to have new applications of this sort.”
Though Platform hasn’t yet been before council regarding its application, Shury said their dealing with city hall and Initiatives Prince George have been positive.
“We haven’t been before council on this application but we have been before staff,” He said. “They’ve been good to deal with.
“And I met with IPG. I think that’s an excellent initiative – no pun intended. They’re doing good work. I met with them at a convention earlier this week. It’s positive to see the mood is one of optimism up there and I think that’s a good space.”