Kings Place Mall

Kings Place
General information
Location440 King Street, Fredericton, New Brunswick, Canada
Opened1974; 52 years ago (1974)
Technical details
Floor area290,000 sq ft
Design and construction
DeveloperThe Hardman Group
Other information
Number of stores30
Parking417-car parkade
Website
kingsplace.ca

Kings Place is a mixed-use office and retail complex in downtown Fredericton, New Brunswick, Canada. Located at 440 King Street, it consists of two office towers connected by ground-level retail space. The complex opened in 1974 and is one of the largest mixed-use developments in the province.

History

Kings Place was developed by The Hardman Group in the early 1970s. The main complex was completed in 1974. An expansion completed in 1976 added 10,000 square feet of office space.

A food court was added in 1994. A major renovation was completed in 2001. In April 2002, Fortis Properties acquired Kings Place for $27.7 million.

Kings Place remains Fredericton's main downtown shopping centre and contains more than 30 shops and services.

Closures during the 2010s–2020s

By the mid-2010s, Kings Place had seen a growing number of vacant retail units, with space in the downtown mall going unfilled as businesses moved out. Losses during that period included the closure of the mall's longtime Second Cup location in late 2018. It was replaced by Starbucks in 2019, which also closed in 2023.

Despite the decline in retail, Kings Place has continued to serve as a major transit and office complex. Fredericton Transit has a major transfer point station along King Street.

References

  1. 1 2 "Kings Place". Ravelin Properties REIT.
  2. 1 2 3 4 5 "Commercial". The Hardman Group.
  3. ↑ "Renewal annual information form for the year ended December 31, 2002" (PDF). Fortis Inc. April 15, 2003.
  4. ↑ "Annual Information Form 2014" (PDF). Slate Office REIT. November 4, 2014.
  5. ↑ "Annual Information Form 2014" (PDF). Slate Office REIT. November 4, 2014.
  6. ↑ "Renewal annual information form for the year ended December 31, 2002" (PDF). Fortis Inc. April 15, 2003.
  7. ↑ "Kings Place Mall". Fredericton Capital Region.
  8. ↑ "Retail space going unfilled in Fredericton's Kings Place Mall". CBC News. May 2021.
  9. ↑ "Starbucks Will Replace Second Cup In Fredericton's Kings Place Mall". Huddle.Today. January 2, 2019.
  10. ↑ "Starbucks leaving Kings Place Mall this month". Telegraph-Journal. February 1, 2024.
  11. ↑ "Fredericton Transit". City of Fredericton.
  12. ↑ "Fredericton Transit is officially open for business -- on Sundays". City of Fredericton. June 23, 2024.