New Horizon Mall, a $200 million multicultural shopping mall, will open this summer in Calgary. The exterior of New Horizon Mall is near completion and construction of the interior is underway in preparation for store owners.
The mall, with more than 500 retail stores and restaurants, is Calgary and Alberta’s biggest new shopping centre, based on the number of businesses and the second largest in all of Canada behind the West Edmonton Mall.
New Horizon Mall is an international themed shopping centre with 320,000 sq. on two floors, located directly across from CrossIron Mills and only 10 minutes away from the Calgary International Airport. The development is a joint effort between The Torgan Group and MPI Property Group.
For the first time ever in Alberta, each retail store in New Horizon Mall is individually owned. Stores may be either owner-operated or leased to a retailer by the owner.
“We found this model to be very successful when we launched the project in Sept. 2014,” said Eli Swirsky, president of the Torgan Group. “The concept works as we are almost sold out of stores. We expect that there will be much interest to lease the stores once the mall is open and the public gets a chance to review the magnificent interior.”
On top of its unique shopping experience, New Horizon Mall will provide culturally distinct forms of entertainment, with a main stage providing a valuable venue for vibrant multicultural events organized year-round. A modern food court will feature 26 restaurants where shoppers have the opportunity to sample a variety of international cuisines and local specialities from dozens of national and independent owner-operated eateries.