Posted Jan 15, 2015, 2:27 PM
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Registered User
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Join Date: May 2007
Posts: 1,857
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Quote:
Originally Posted by eternallyme
I only see one Target location in Ottawa - the one on Merivale Road - that can easily be filled by another anchor, and it will likely be filled very quickly and someone else will scoop it easily. That is because its location in a very dense box strip can be filled by just about anyone willing to enter that location, with few opportunities for new development there, so it is a HUGE opportunity potential.
The location on St. Laurent Boulevard has less potential, since it is not in an established area to the same degree, and it is a lower-income area anyway.
Bayshore is a problem in that the mall location is bad for any grocery or box store, yet there isn't a department store that can easily take that place. Place d'Orleans has the same issue to a greater extent (and I am thinking redevelopment there is coming).
Hazeldean and Billings Bridge will likely be dead space indefinitely, although grocery stores could move into the larger spaces.
BIG WINNER: Rideau Centre.
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This is definitely a major headache for several land lords. Places like St Laurent or Place D'Olreans...I can't even think what might go there.
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