The mall was officially opened by Mayor Peter Chin on Friday night, and retailers had reported a hectic two days' trading since, Mr Clark said yesterday.
That was despite the absence of the Mojo Coffee shop and several signed retail tenants who were yet to complete the fit-out of their stores inside the mall, as well as the delayed opening of a walkway linking the mall with the adjoining Golden Centre.
Mr Clark said the first full weekend of trading appeared to go "really well".
"It's been exceptionally busy. I would have liked to have had one or two more of the tenants up and running, but they are responsible for their own fit-outs.
"The public seem to have received it very well. The number of people through has probably exceeded our expectations," he said.
The mall was a hive of activity when the Otago Daily Times visited yesterday afternoon, with a live band entertaining shoppers and others wandering through the building.
Matt McKay, of Dunedin, was one of those visiting, and said he was impressed with the design.
"I haven't seen anything like it," he said.
"You walk in here and it's like `Wow'."
Kath Kenrick (69) and Brian Laws (71), of Dunedin, were also impressed with the "light and airy" interior, and especially its warmth inside on another cool Dunedin day.
Jill Leichter (50), of Dunedin, wondered about the "mishmash" of architecture inside Wall Street, and questioned the council's decision to invest in property development during a period of economic uncertainty.
But the level of service provided by shop staff in the mall had been "really good", she said.
Shop staff spoken to said the weekend had been busier than expected, with Levi's sales assistant Rory MacDonald saying the store had been "absolutely mauled".
Tarocash sales assistant Andrea Laracy said her store's three staff had been almost overwhelmed.
"We have been just really, really crazy busy," she said.