Quote:
Originally Posted by pegcity
If I was St.Vital I would take advantage right now while Polo Park is still deciding what to do with the Sears location. St Vital should at least try to secure the first, Uniqlo, the first Sporting Life, the first Zara, the first Miniso, the first Muji
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First, Polo Park has had a plan for the Sears space since before Sears announced they were vacating it. Just because those plans have not been made public doesn't mean they are "still deciding". The public comments have long suggested Simons has a deal in place to take over that space, or a similar space, when it became available. Due to how Simons finances their expansion the timing was a little off but CF is willing to let the space sit dark while waiting for the right fit rather than take the first opportunity to fill the space with something like "Halloween Spirit".
I would wager most of those have a written contract with CF already that before they enter a new market they need to give CF advance notice for them to have an opportunity to have the first to market store in their property in trade for access to other CF properties across the country. Keep in mind CF in one of the top mall operators in all of Canada and St Vital is operated by a group that doesn't even place in the top 20.
Quote:
Originally Posted by pegcity
I wonder if Uniqlo would be interested in the Forever 21 location at Polo Park
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At just over 37,000 sq ft on a deep, anchor space and combo Zara/Zara Home would likely be a better fit to take over the the deep and fairly narrow space. Suzy Sheer is about half the depth of the Forever 21 space and is deeper than most smaller footprint stores in the mall.
Zara is a major international retailer of "quick fashion" clothing that has somehow not come to Winnipeg yet. They more recently launched a spin-off brand called Zara Home focusing on similar quick and affordable takes on home furnishings. Having a combined store would let them take over the large space without needing to worry as much about mall access and depth of the location.
For Outlet Collection, the just over 19,000 sq F21 Red poses a small challenge as its space as a corner anchor also minimizes mall access without a somewhat obscured split of the space. Possible fits without a major new tenant would be to relocate the 15,000 sq ft Old Navy or the 12,000 sq ft Under Armour, both possible with a smaller slice of space taken away. Both those locations would be easier to split into smaller spaces. The Under Armour space would also be nearly the perfect size for a Coach Factor store.
It will definitely be interesting to watch how both spaces play as they are not just as simple as go find any tenant, similar to the challenges with the St James Target location but not as complex.