Q: Who is Cap Mall’s owner?
A: Headquartered in Vancouver, QuadReal Property Group is a real estate investment, operating and development company. QuadReal manages the real estate and mortgage programs of British Columbia Investment Management Corporation (BCI), one of Canada’s largest institutional investors serving over 570,000 workers and pensioners in British Columbia. Cap Mall has been an important part of BCI’s portfolio since 1999.
Q: Why is QuadReal considering the future of Cap Mall?
A: Cap Mall is over 50 years old and an anchor tenant, Sears, recently closed. It’s time to consider the future of the site and determine how it can better suit the needs of residents of the City of North Vancouver and the North Shore for the next 50 years. QuadReal is committed to proactively engaging with residents to help inform and shape our views on the future of the site.
Q: What is the timeline?
A: We are at the very beginning of our public engagement process. Our goal is to work with the community to help shape the future of Cap Mall. We want to ensure that our proposal responds and contributes to the unique character and needs of the City and the North Shore.
Cap Mall will continue to serve the public, offering a variety of shops and services, including our largest tenant, Walmart. We encourage you to come by and visit.
There are no immediate changes to mall operations. We are very focused on ensuring that that we continue to deliver the experience our neighbours have come to appreciate. We value our tenants and visitors and will maintain and grow the current offering to best meet our customers’ needs. We look forward to collaborating on our future plans.
Q: How can I stay up to date on the Thinking Cap process?
A: We will post updates on this website, and you can sign up for email updates here.