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New mall plans to set up shop on Calgary’s northern edge
Colleen Schmidt, CTV Calgary
Published Friday, October 11, 2013 5:07PM MDT
Last Updated Friday, October 11, 2013 6:27PM MDT
A new multicultural shopping mall is being planned right across the street from CrossIron Mills in Balzac.
According to the developers, the New Horizon Mall will feature about 500 stores ranging in size from 285 to 855 square feet.
The new mall is called a "retail condominium" so business owners buy their store, rather than lease it.
Developers hope the new centre will bring a new shopping experience to the city’s northeast neighbourhoods and the goal is to create a multipurpose facility for families of all cultures.
Pre-sales on the project began on Thursday and so far 50 businesses have reserved a store.
The actual units go on sale on October 26th and the mall is expected to open in 2016.
(With files from Bridget Brown)