West Edmonton Mall
West Edmonton Mall (WEM), located in Summerlea, Edmonton, Alberta, Canada, is the largest shopping mall in North America and the tenth largest in the world (along with The Dubai Mall) by gross leasable area. It was the world's largest mall until 2004. The mall was founded by the Ghermezian brothers, who emigrated from Iran in 1959.
West Edmonton Mall covers a gross area of about 490,000 m2 (5,300,000 sq ft). There are over 800 stores and services in the compound, and parking for more than 20,000 vehicles. More than 24,000 people are employed at the property. The mall receives about 32 million visitors per year; it attracts between 90,000 and 200,000 shoppers daily, depending on the day and season. The mall was valued at $926 million (CAD) in January 2007, and in 2016, for tax purposes, it was valued at $1.3034 billion (CAD), making it the most valuable property in Edmonton.