innsertnamehere said:
I think CF struggled to lease it out to their “standards” (ie Simon’s or Nordstrom type thing). Primaris is more focused on running B to A level malls, while CF is really only interested in the AAA properties. They just sold Masonville in London for the same reason.. not for lack of relative success as a normal middle class mall, but because it couldn’t keep up with the AAA malls like the Eaton Centre in leasing.

Primaris is more willing to lease out to lower tier tenants and will get Limeridge reoccupied quickly at a more “mid tier” type level.

Mapleview as others have mentioned is evolving as the premium mall in the area given its proximity to Burlington and Oakville, which have large numbers of high income households and particularly Oakville, which is the wealthiest municipality in Canada, and has no local mall.
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Oakville does have Oakville Place. It is not a very high-end mall.
 
innsertnamehere said:
Yes, Oakville Place is too small to be a real AAA contender. It’s more of a “neighbourhood” mall.
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It's getting a Nations and an entertainment complex to take over the Bay. If Simons wants to come west, Mapleview makes sense and has an empty Bay waiting.
 
innsertnamehere said:
I think CF struggled to lease it out to their “standards” (ie Simon’s or Nordstrom type thing). Primaris is more focused on running B to A level malls, while CF is really only interested in the AAA properties. They just sold Masonville in London for the same reason.. not for lack of relative success as a normal middle class mall, but because it couldn’t keep up with the AAA malls like the Eaton Centre in leasing.

Primaris is more willing to lease out to lower tier tenants and will get Limeridge reoccupied quickly at a more “mid tier” type level.

Mapleview as others have mentioned is evolving as the premium mall in the area given its proximity to Burlington and Oakville, which have large numbers of high income households and particularly Oakville, which is the wealthiest municipality in Canada, and has no local mall.

Even Mapleview hasn’t seen a full renovation in about 20 years at this point though… they are both due for investment.
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Id say Masonville is more premium than Limeridge...London and surrounding area has no other good malls. Lots of good things still coming to Masonville.
 
Stec said:
Limeridge was in 28th spot 2019. Link from a Retail Insider article posted today - https://retail-insider.com/retail-insider/2026/04/how-canadian-shopping-centre-performance-has-changed-since-pre-covid/ not sure what their current ranking is though? The 2025 report only listed the top 25 malls which Limeridge was not part of so not sure if they gained or declined?View attachment 730563
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So these numbers are worse than what I thought they were. Walmart hopefully works because the next landlord will absolutely turn this place into condos.
Chris R. said:
It's beyond odd to me that CF let the mall rot. I know the common refrain is that "Hamilton is too poor" but considering the population of Brantford, Brant, and Grimsby along with Hamilton, you have a sizable population to support a major mall. Limeridge is jammed much of the week, and had the rental buildings been built I could imagine it being consistently full and those units would be easily rented with access to the bus terminal, Limeridge and Fortinos, not to mention the LINC.

I don't get how Eastgate is seemingly planning to intensify before Limeridge now and equally surprised CF decided to offload it. Limeridge was at one point one of the most efficient malls per square foot I recall being mentioned earlier in this thread. Seemed it was on a path to becoming even better, and they simply bailed on maintaining, and then further bailed completely.
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People in those areas can go to the Pen Centre or Congestoga, or if something is really expensive, Square One or Eaton Centre. There is a lack of demand for a regional within Hamilton sadly.
 
denfromoakvillemilton said:
So these numbers are worse than what I thought they were. Walmart hopefully works because the next landlord will absolutely turn this place into condos.


People in those areas can go to the Pen Centre or Congestoga, or if something is really expensive, Square One or Eaton Centre. There is a lack of demand for a regional within Hamilton sadly.
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The mall is doing better now that older ranking showed $785 PSF as of 2026 they are now at $857 PSF - https://www.primarisreit.com/portfolio/lime-ridge-mall and with Wal-Mart coming online this December and plans in motion for The Bay location I imagine this mall will see much better days. Another recent article on Retail Insider mentioned that is now a top performing mall for Primaris and has all their focus and attention which can only be a good thing.
 
Stec said:
The mall is doing better now that older ranking showed $785 PSF as of 2026 they are now at $857 PSF - https://www.primarisreit.com/portfolio/lime-ridge-mall and with Wal-Mart coming online this December and plans in motion for The Bay location I imagine this mall will see much better days. Another recent article on Retail Insider mentioned that is now a top performing mall for Primaris and has all their focus and attention which can only be a good thing.
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Plans are in motion for the Bay space?
 
BCTed said:
Plans are in motion for the Bay space?
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I can't find the article on Retail Insider now but it was in the last 3 weeks or so where it mentioned Limeridge has all their (Primaris) attention currently and they mentioned that plans are in motion for the Bay space but did not elaborate.
 
CF did not sell all of Masonville Place, it is 50-50 ownership with KingSett Capital and CF as equal partners. Arcteryx and Hollister are confirmed new tenants at Masonville and sounds like Uniqlo will be taking some of the Hudson Bay space along with other retailers TBD. Masonville's sales per square foot in 2025 was $1,171 and Limeridge was around $825.
 
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