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Retail space at mall as an investment

Martin1968

Frequent Forum Member
Registered
Joined
Jan 22, 2017
Messages
235
Happy to hear! As said you need deep pockets to sit it out. You made the right decision.
Funny enough I do think the mall will eventually be a decent success but for now it’s the individual condo investors that will be on the hook. The mall has been build with their investment dollars and all operating cost is charged accordingly to them. For those with mtg payments there is another hefty monthly fee for CAM or condo fees etc.
Our local news paper reported about 20 stores open by months end. But you would need to get your coffee down the road at the gas station lol.
In any case, tough on investors and business operators. Not so much for New Horizon ownership group.
These sort of investments take time.
 
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