Quote:
Originally Posted by Crisis
I'd always thought that Loblaws was keeping the EF in Canarama simply to keep the other grocery chains out of there. I don't really see that the switch to Sobey's from Safeway in Lawson would impact that. If Loblaws was to leave Canarama, I could certainly see Co-op looking at that space, as they don't have any grocery stores near there.
Agreed that the Canarama EF is pretty tired. It wouldn't shock me to see a new tenant simply knock it down and build new to suit their prototype layout if they were to take over that space.
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loblaws also owns shoppers drug marts also. so hence this big ??? , for both of us tenants here. i agree with you, this location is one of the best for traffic wise. but with us owning shoppers too and how theyre going to a full service grocer, i dont see loblaws having 2 tenants here, we as an EF rent our spot which the overhead is stupid over the top insane in fees, but im not sure if shoppers actually OWNS that spot. i think i heard that they do.
i also agree with another tenant knocking this down too, we need a whole new roof just to put that out there, and thats 1.5mill. if my EF was to convert to a no frills, michaels independent would be out of business ( were good friends and he knows NF would kill him ) so they wouldnt have converted michaels to a independent if they were going to do something with my building. this is just my opinion. and my sales have dipped -45-50% last few weeks...and no idea why. all of us are just holding our breaths at the store right now. but i hate to say it, in my mind and for good business, convert shoppers, and close me. theyll save a wack of 6-figure dollars.
thoughts?