David A
Senior Member
It wasn't so much a competition with Oxford - they built up one and let the other (City Centre) languish, knowing the office towers still had value when they dumped it on LaSalle.Oxford owns Kingsway and was the prior owner of ECC. Oxford had both malls in competition with each other until they sold the latter to LaSalle - in hindsight, not really a good move.
The decline in City Centre really started 5 years or more ago. It was a solid mall for almost 30 years (all the while when West Ed and Kingsway were around), but bad management for a decade or so drove it into the ground. LaSalle really got a terrible mess, then COVID hit and made it much worse. I am not sure if they are smart enough, but I think are trying to figure out how to fix it.