With the announcement yesterday that Rio Can is looking at selling all of their properties in Sault Ste. Marie, including the Cambrian Mall, The Pine Plaza and the Churchill Plaza. RioCan follows Algoma Central Properties who is waiting for a development plan for the former Sears location before putting the Station Mall back up for sale.
So what is the future of retail stores in Sault Ste. Marie? Will the Sault soon have closed malls and plazas all over the city? Why are large development companies pulling out of the Sault and who would sink over $500 million to buy their properties?
ONNtv’s Riley Smith sat down with the Station Mall’s former manager to get some insight into what’s troubling the retail sector in this are.