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Old Posted Jun 18, 2021, 8:53 PM
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Harley613 Harley613 is offline
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Join Date: Jun 2009
Location: Gatineau, QC
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Originally Posted by Truenorth00 View Post
That would be ghastly and not allow for a reallocation and addition of space. They have 867 275 sqft of retail space. Developed properly they could probably keep at least half a million square feet of retail, maybe even add to it. And they should be able to throw in an equal amount of office space as retail and double the amount of residential space.
They do not have anywhere near 867,275 sq ft. of retail space, try more like 500,000 and change INCLUDING the empty Sears. So much of the GLA at St. Laurent is non-retail. Herzing College, Cinestarz movie theatre, Canada Games/Skate Canada/Intact Insurance offices, sears underground warehouse, Goodlife Gym, a bunch of professional services.'

Edit: Just checked their current leasing brochure and it states 376,950 sq. ft. of CRU (commercial retail unit) tenants. Whether or not that is current and accounts for all the empty stores I don't know.
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