Page 57 - Sep-Oct 2021

The MIPIM event in Cannes on the 7-8 September at the Palais des Festivals is set to be one of the biggest live events that has taken place
since the onset of Covid-19 and perfectly highlights people are eager to start coming back and meeting and networking face-to-face once again
rather than connect through a zoom call.
Ahead of the one of the first major global events in the retail real estate calendar, RLI highlights below a selection of some of the most
important developments that are looking to draw people out of their homes and back into social spaces.
Projects around the World
With one of the most interrupted timelines of any mall development in recent years, the American Dream shopping and entertainment
megamall in the New Jersey Meadowlands has now been open and operating for a while now, and it is moving forward with its long delayed
luxury wing and it has a definitive opening date, and it is later this month on 17 September. The luxury wing, named The Avenue by American
Dream’s developer, Triple Five, will be anchored by Saks Fifth Avenue. Some 20 other retailers along with an upscale restaurant, Carpaccio,
and Brut, a champagne bar, are also scheduled to open that day, according to American Dream. The mall, however, is still working to fill
empty spaces in the wing caused by the bankruptcies of marquee tenants that dropped out during the years while the project was under
construction.
Work is continuing on the massive mixed-use community set for Dupont and Dufferin Streets in the west end and new renderings
and details offer a glimpse at what the project, which will stand where the now-demolished Galleria Mall once stood, will look like once
completed. The masterplanned community, called Galleria on the Park by developer Elad Canada, will feature eight residential towers in the
midst of the pedestrian-oriented district, with 2,846 units of different types and sizes in the pipeline. The community is also set to host roughly
300,000sq ft of retail space for boutiques and shops, a large portion of which will be located inside the 31-storey residential tower Galleria
III. Outdoor patios with seating and umbrellas will also be available to pedestrians walking through the area, and a nearby Privately-Owned-
Publicly accessible Space (POPS) called Points Plaza will be the main focal point of the development.
Located at the eastern gateway to Perth’s CBD, across a 6ha site on the banks of the Swan River, Waterbank will include a mix of
residential, commercial, retail and circa four hectares of public open space. A collaborative effort between the WA State Government’s
Metropolitan Redevelopment Authority (MRA) and Lendlease, the vision for Waterbank is to create a new wellbeing precinct: a social place
that reflects the cosmopolitan Perth of today. At Waterbank, everything will be on your doorstep. Situated on the banks of the Swan River

SEPTEMBER / OCTOBER 2021 RETail & lEiSuRE inTERnaTiOnal