THE BAY'S DEPARTURE LEAVES BIG HOLES TO FILL

The closure of the 3 Bay stores in Edmonton will leave BIG retail space vacancies in Southgate, West Edmonton and Kingsway malls. Conventional thinking says there are few, if any, retail companies in North America that could even be considered as possible tenants for those spaces. Avison Young's, Paul Raimundo specializes in retail real estate, and he thinks filling these spaces will probably require "out of the box" solutions and not happen quickly.