Market Mall
Market Mall, formally branded CF Market Mall, is a major shopping centre in Calgary, Alberta, jointly owned by Cadillac Fairview and Ivanhoé Cambridge and managed by Cadillac Fairview.
Last updated August 24, 2026
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Overview
Market Mall, formally branded as CF Market Mall, is a large enclosed shopping centre in Calgary, Alberta, Canada. It occupies approximately 907,207 square feet, or 84,282 square metres, of retail floor area in the city's northwest quadrant, in the Varsity neighbourhood. The centre is positioned as a major regional shopping destination serving Calgary and surrounding communities rather than as a single-product retail brand. The mall opened on August 4, 1971. One of its original anchor tenants was Woodward's Stores Ltd., which operated both a conventional department-store presence and separate Food Floor and Bargain Centre concepts. The property's tenant mix and physical layout have changed repeatedly as department stores, discount retailers, specialty retailers, restaurants, entertainment operators and destination stores have entered or left the centre. Market Mall uses a one-level racetrack layout described as a figure-eight configuration. Its development history includes significant expansions in 1988 and 2004. The 2004 project added a south wing, an underground parking structure and a larger food court, while also comprehensively renovating the existing shopping areas. These projects reinforced the centre's role as a broad-based regional mall with a combination of fashion, home, sporting, entertainment, food and family-oriented retail. The property has experienced several major anchor transitions. Famous Players opened a cinema at the mall in 1977, was expanded in 1987 and closed in 2002. The former Kmart, Zellers and Target anchor space underwent successive changes: Zellers closed in 2012, Target opened in the redeveloped space on May 6, 2013, and Target closed in April 2015. By October 2017, the space had been divided among smaller retailers, including Sporting Life and a relocated Homesense. A Landmark Cinemas theatre opened in late 2019 in the southwest portion of the property on the former Staples site. Toys "R" Us later left the centre in 2022 or 2023, with Decathlon taking over the space in 2023 or 2024. Hudson's Bay, another major anchor, closed on June 1, 2025. Market Mall is jointly owned by Cadillac Fairview and Ivanhoé Cambridge, two major Canadian real-estate owners and managers. Cadillac Fairview manages the property. Its brand identity therefore represents a managed commercial destination whose value depends on location, tenant mix, accessibility, physical redevelopment, customer experience and the continued replacement of departing anchor tenants. The mall remains active, although its precise current tenant roster and operating details require verification from the official property website.
History
Market Mall opened on August 4, 1971, in Calgary's Varsity neighbourhood. Located in the northwest quadrant of the city, it was developed as an enclosed regional shopping centre and initially included Woodward's Stores Ltd. as one of its principal anchors. Woodward's operated more than a standard department-store floor, with a Food Floor and a separate Bargain Centre contributing to the early retail offer. Entertainment became part of the centre's tenant mix when Famous Players opened a cinema in 1977. That facility was expanded in 1987 and closed in 2002. The mall itself underwent major expansions in 1988 and 2004. The later redevelopment added a south wing, an underground parkade and a larger food court, while also renovating the original shopping areas. The resulting plan retained a one-level racetrack arrangement, commonly described as a figure-eight layout. Anchor-retail changes have been a recurring feature of Market Mall's history. A large space associated successively with Kmart, Zellers and Target illustrates the evolution of Canadian department-store and discount retail. Zellers closed in 2012, and Target opened in the redeveloped premises on May 6, 2013. Target subsequently closed in April 2015. By October 2017, the former anchor area had been reorganized for multiple retailers, including Sporting Life and a relocated Homesense. The property continued to add nontraditional mall uses and destination retail. In late 2019, Landmark Cinemas opened a luxury-oriented theatre in the southwest corner of the mall property, occupying the former Staples location. Toys "R" Us, another anchor tenant, closed during 2022 or 2023; Decathlon replaced it during 2023 or 2024. Hudson's Bay closed its location on June 1, 2025, creating another significant change in the centre's anchor composition. Market Mall has approximately 907,207 square feet of retail floor area, equivalent to about 84,282 square metres, making it one of the largest malls in the Calgary area by retail space. Cadillac Fairview and Ivanhoé Cambridge jointly own the property in equal shares, while Cadillac Fairview manages it. The centre's development reflects the continuing adaptation of large Canadian shopping malls: older department-store anchors have been replaced or subdivided, while sporting goods, home retail, entertainment, food and specialty concepts have become increasingly important. Current tenant details and any future redevelopment plans should be checked against the official CF Market Mall website.
- 2025
Hudson's Bay closes
[1]Hudson's Bay closes its Market Mall location on June 1.
- 2023
Decathlon replaces Toys "R" Us
[1]Decathlon takes over the former Toys "R" Us anchor location during the 2023–2024 period.
- 2019
Landmark Cinemas opens
[1]A Landmark Cinemas theatre opens in the southwest area of the property.
- 2017
Former anchor space is subdivided
[1]The former Kmart, Zellers and Target space is redeveloped for multiple retailers, including Sporting Life and Homesense.
- 2015
Target closes
[1]The Target store closes in April.
- 2013
Target opens
[1]Target opens in the redeveloped former Zellers space on May 6.
- 2012
Zellers closes
[1]The longtime Zellers anchor location closes and is prepared for redevelopment.
- 2004
South-wing redevelopment
[1]Expansion adds the south wing, underground parking and a larger food court, alongside renovations to the existing centre.
- 1988
Major expansion
[1]The mall undergoes a major expansion.
- 1977
Famous Players cinema opens
[1]Famous Players begins operating a cinema at the mall.
Products and positioning
A large, established regional shopping centre serving Calgary's northwest quadrant and wider metropolitan market through a diversified tenant mix, major anchor stores, dining, entertainment and convenient enclosed-mall infrastructure.
Apparel · 1971
Fashion and apparel retail
Market Mall's core offer includes fashion and apparel stores serving everyday, premium and occasion-based shopping needs. The category is part of the centre's broad regional-mall tenant mix rather than a single proprietary product line.
Sporting goods · 2017
Sporting goods retail
Sporting-goods retail became especially visible through the presence of Sporting Life and, later, Decathlon in former anchor locations. These stores add destination-oriented merchandise covering sports, outdoor activities and related equipment.
Home retail · 2017
Home and housewares retail
Home-related shopping is represented by tenants such as Homesense, which relocated into space created through the redevelopment of a former department-store anchor. The category broadens Market Mall beyond fashion and conventional department-store shopping.
Food and beverage · 2004
Food court and dining
Dining is an established part of the centre's customer proposition. The 2004 redevelopment enlarged the food court, supporting the mall's role as a destination for shopping, meals and social visits.
Entertainment · 2019
Landmark Cinemas
Landmark Cinemas opened a cinema at the southwest corner of the property in late 2019. The venue replaced the former Staples site and restored a substantial entertainment component after the earlier Famous Players cinema had closed.
Brand decisions
2017
Subdivide a former department-store anchorStrategyBackground
The former Kmart, Zellers and Target premises became available after Target closed in April 2015.
Action taken
The space was redeveloped for several smaller retailers, including Sporting Life and a relocated Homesense.
Aftermath
The change diversified the former anchor area and replaced a single large-format tenant with multiple retail concepts.
2004
Expand and modernize the shopping centreStrategyBackground
Market Mall undertook a major redevelopment to strengthen its regional shopping-centre offer.
Action taken
The project added a south wing, underground parking and a larger food court, and renovated the existing centre.
Aftermath
The mall retained its one-level racetrack or figure-eight configuration while increasing retail and customer facilities.
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