NEWS Alert: Apple Store coming to Conestoga Mall in Waterloo
Over at BenjaminBach.com there is big news that will affect the commercial real estate landscape in Kitchener Waterloo.
Apple is opening a retail store in Conestoga Mall.
Now, this isn’t confirmed by Apple or Ivanhoe Cambridge yet (owners of Conestoga Mall), but there are some tell-tale signs that allow us to confidently state that Apple is coming to town.
Click through to Apple Store coming to Conestoga Mall in Waterloo to see the proof for yourself!
What impact will this have on the commercial real estate market in Kitchener Waterloo, especially retailers in the area ?
Benjamin Bach comments, over at his main blog:
“Having Apple as a destination tenant at Conestoga Mall is great news for all the other stores in the area – except maybe Future Shops’s Apple department – because people will head to the mall to check out the new toys at Apple, and they’ll inevitably browse around and grab food at adjacent businesses.
What does it mean for competing retailers like Carbon Computing? When Apple has come into similar communities, it has been hard for independent authorized retailers to stay in business and maintain a valuable point of differentiation.
It seems like the $75 million investment into Conestoga Mall over the past few years is paying off for owner Ivanhoe Cambridge. Even more good news for the mall will follow – I predict that Target moves into the Zellers space too (the other option being the Zellers space in Bridgeport Plaza)