Planet fitness
 

Planet Fitness is opening in St. John's. They will set up at 650 Topsail Road next to Dollarama in the old Dominion/Home Hardware building. They have not given a timeline. My guess would be spring of 2023.

Ren's Pets
 

National pet store expanding and opening first location in NL. According to article, to be located at 56 Aberdeen Avenue, former Pier 1 or Bombay stores.

https://retail-insider.com/retail-in...ets-interview/

Does metro really need another pet store chain with several pet supply stores here already?

Sorry had wrong post here. Couldn’t delete it.

The new tenant to be next to Dollarama on Ropewalk Lane is another pet store. Back in the 80's and 90's we had 2 Pet City stores roughly the size of a convenience store, now we about about 20 large pet stores in Metro.

Was listening to an interview with Pat Thompson who owns Diamond Design in Terrace In The Square. He was concerned about the parking issues in the area of Churchill Square in the CBC radio interview. He mentioned that the new apartment building under construction that replaces the old Dominion supermarket will also house Shoppers Drug Mart on its Main Street level floor which would mean it would be moving from the Terrace in The Square building. That leaves a pretty large retail space for someone else to move into. Dollarama anyone? Just my prediction.

Pet store.

Ropewalk Plaza in receivership??
How does something like this happen when pretty much the entire plaza has been leased with such big brands as Dollarama, KFC, Burger King, Plaza Bowl and many others? Would love to know the real story here.

https://vocm.com/2022/12/02/st-johns...-receivership/

I don't think any of these stores are part of this property.

Ron.

The Telegram had a story on this with Vic Lawlor, who owns the plaza. According to him he renegotiated leases with some of the smaller businesses to help them get through Covid. The businesses owe him a million dollars in rent and this has become an issue with the bank.

https://www.saltwire.com/newfoundlan...aza-100800246/

That story missed the point. He bought a bunch of properties downtown and they are much more empty. Creditors are circling everywhere.

Also, there was lots of federal government support for commercial tenant rent relief. Did he not use any of it?

Receivership and liquidation is usually the last resort for banks. It typically means losing money. If they're doing it now it's because there are other big risks at play.

Planet Fitness Open
 

Seeing posts on FB that Planet Fitness is now open.

https://www.planetfitness.ca/gyms/st...ouE7CuU66RfNWk

Just found out that Bed Bath and Beyond are closing all of their stores in Canada. Another blow to the village mall.

https://www.cbc.ca/news/business/bed...ores-1.6745092

Sports Experts in the Avalon Mall is having a store closing sale.

Former Bed Bath And Beyond at the Village will have a new store this summer called rooms + spaces.

https://www.newswire.ca/news-release...858924235.html

Pipers is closing their location on Topsail Road, and will be moving into the former Labels location at the Village Mall https://www.saltwire.com/newfoundlan...CiYOlZ0_mKfZvI