Episode Details

Edmonton’s City Centre mall is undergoing a dramatic transformation after being acquired by local developer Westrich Pacific, who plans to convert half the property into 1,500 new residential units—mostly in the former The Bay space—with added street-level shops and a rooftop spa. Construction kicks off in early 2027, aiming to complete by year-end. While the sale clears the way for redevelopment, it won’t cover all debts owed to creditors, leaving one lender with a significant shortfall on nearly $140 million. Despite that, they’re backing the deal as the best available option. Complicating matters further, a concrete company claims the mall overpaid them by over $467,000 due to an invoicing error and has filed lawsuits and liens. Still, the mayor sees this as a major step toward downtown revitalization, signaling renewed momentum and attracting future investment.

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