Vancouver Sun

Mall experts from around globe meet in Whistler

- JOANNE LEE-YOUNG

The art and science behind how you buy your latte, pick up a box of cereal at the supermarke­t or splurge on a luxury item is up for discussion Monday and Tuesday at Whistler.

The Internatio­nal Council of Shopping Centers’ annual conference gets into full swing with thousands of developers, marketers and retail operators — plus architects, designers and purveyors of all kinds of software — coming together.

They’ll attend keynote presentati­ons, meet in smaller sessions and many will be hawking their latest wares.

Mall developmen­t is always on the agenda and this year, on the sidelines of the conference, Westbank Corp. and QuadREAL will be talking about their big-picture plans for Oakridge Centre.

The developmen­t at 41st Avenue and Cambie Street in Vancouver is still in the process of getting permits, with plans to break ground on constructi­on in late 2018, but executives will be sketching out a vision for what retail experience­s and city living will look like there in 2025. The site is of interest because Oakridge is the mostprofit­able mall in B.C., according to the Retail Council of Canada, which examined productivi­ty, size and traffic at 30 malls across the country.

In 2017, Oakridge generated $1,579 in sales per square foot, a figure that makes it the second most-profitable mall in Canada after Toronto’s Yorkdale Shopping Centre, which sold $1,653 per sq. ft. The mixed-use retail, office and residentia­l developmen­t at Oakridge has also been of note because it was redesigned and shrunk in size after an aquifer was discovered under the site in 2015.

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