Finance

Portage Mall to Close Its Doors Forever on December 31 - What’s Next?

2024-11-18

Author: Charlotte

Portage Mall Closure Announcement

In a shocking announcement, Portage la Prairie's beloved Interior Mall will close its doors for good on December 31, 2023. The mall, which has been a cornerstone of the community since it opened in 1979, is now facing an uncertain future.

Current Status of the Property

The property owner has listed the mall for sale, and plans for redevelopment remain unclear. Despite the closure, two anchor businesses—Tim Horton's and RONA—will continue to operate as usual within their separate units on the premises. This development has left many locals wondering about the fate of the mall's remaining tenants.

Management and Future Plans

Colliers, the property management firm that has handled the mall for a remarkable 25 years, assures that they will continue to oversee the property during this transitional period. Meanwhile, J.S. Furniture is reportedly weighing several options for its future, with updates expected soon.

Impact of the Closure

The Interior Mall, boasting a spacious 187,000 square feet of retail space, once thrived with numerous tenants but has seen a dramatic decline in business over the past decade. With the rise of online shopping and changing consumer habits, the mall struggled to maintain a diverse mix of stores.

Looking Ahead

But there’s hope on the horizon! Plans are underway for a new building to rise on the east side of the parking lot, set to break ground in 2025. As the community looks forward to new developments, the sentiment around losing the mall, once vibrant and bustling, is palpable. Residents are eager for updates on what the future holds as Portage la Prairie transitions into a new era of shopping and community spaces.

Community Sentiment

Stay tuned for more information as this story unfolds! What do you think about the mall's closure? Share your thoughts with us!