Target Closing Down all 133 stores

[c_speed3108]

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.

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.