Retail News

[CaptainKirk]

Originally Posted by RaginRonic

Target is now officially coming to Stoney Creek.

I know they've got it listed as Stoney Creek, but it's well within the old Hamilton boundaries by about a full kilometre. Just a small pet peeve of mine.

[SteelTown]

PALETTA INTERNATIONAL CORP
4480 PALETTA CRT. BURLINGTON ON

400 NEBO RD HAMILTON
Super Market
3278.00 sq ft
New Construction
$3,465,000.00

http://www.paletta.ca/1170-rymal-rd-...retail-center/

[hammergirl]

Originally Posted by RaginRonic

The Zellers at Upper Sherman & Mohawk East will begin it's liquidation sale on March 14, and close its' doors for good on June 2.

There is not much left at this Zellers. Clothing, laundry detergent and other cleaning stuff, food items, a few toys and lots of store shelving and fixtures.

[realcity]

I don't think it's going to be a Target. We'll have to see what Walmart does with it. They will have to get rid of the NoFrills so they can sell groceries. They would love to be in the Lime Ridge district but it will suit them fine to bookend the U Wentworth/Lime Ridge retail with a store on U James and U Sherman.

[thistleclub]

"Cadillac Fairview understands the business very well."

And Yale is still banking on the force of gravity.

[Dr Awesomesauce]

Yale gave up long ago...

That said, short of demo'ing the whole thing, I'm not sure what the answer is. It's dark, cramped and labyrinthine. Not terribly attractive to prospective tenants.

I hope Limeridge is doing okay. I stumbled upon some documents months ago that suggested otherwise. It's a pretty tough market given that serious shoppers would prefer to go all the way to Sherway Gardens rather than shop 'locally.'

[matt602]

I think Jackson Square has actually been doing steadily better with each of the past 5 years and it seems that Yale is starting to actual invest some money into the place, slowly. Some bigger name stores have been gradually moving in, existing ones are being renovated into bigger spaces and the return of the market and library renovation have increased foot traffic.

[Dr Awesomesauce]

^I hope that's true.

That's the deceptive thing about 'Jacks-off' Square, though: it always seems busy. Unfortunately a lot of the people you see are simply cutting through or rummies coming in out of the cold. Oh yeah, what's with the lineups for Horton's?? So lame.

Anyway, if they can ever manage to fill 100 King W the spin-off would do wonders for the mall.

As an aside, isn't there a new owner of the old 'Eat Me' Centre? I thought there might be an announcement forthcoming but I could be wrong...I usually am.

[thistleclub]

Jackson Square certainly benefitted from the City Hall relocation of 2007-2010, and the City is still fairly embedded in JS/City Centre. And that's before moving the HWDSB Education Centre staff into the picture. Throw in the thousand workers in the Federal Building on Bay and you've arguably got a retail megablock with training wheels.

JS has also seen more foot traffic as a result of the City's 2011 relocation of the downtown transit hub from Gore Park to MacNab, as well as reinvigoration of the Central Library and Farmers' Market (which was also temporarily relocated to the dead quadrant of JS).

These factors have changed the consumer dynamics inside JS and perhaps inspired investments and upgrades from retailers, but from a property management perspective, comparably little investment has occurred in that time. Yale is largely gliding on external updrafts (eg. public capital) rather than actively defining itself as a commercial destination.

But then to be fair, LRM and JS are competing in vastly different marketplaces. LRM competes against regional players like Mapleview. JS only seems to compete against downtown business. The only other comparable lower city retail on the radar (Centre Mall and Eastgate) are out of JS's league... not even really a lot of comparable DNA at this point.

As an aside, isn't there a new owner of the old 'Eat Me' Centre?

Hamilton City Centre sold for $25m

"The 450,000-square-foot building that houses city offices, commercial space and retailers was purchased for $25 million by a Barrie-area developer through a numbered company. The developer has told city staff he wants to fill the centre, focusing on high-tech and creative industries. The property, which temporarily was bustling with politicians and city staffers as City Hall was renovated, has struggled with vacant space, unpaid taxes, inability to land anchor tenants and retailer turnover."

[Dr Awesomesauce]

^Sounds almost too good to be true. Very exciting and also very expensive sounding - $25M seems high to me. If I recall, it's a lot more than the previous owner paid.

[Duckyboy]

Originally Posted by pEte fiSt iN Ur fAce

^Sounds almost too good to be true. Very exciting and also very expensive sounding - $25M seems high to me. If I recall, it's a lot more than the previous owner paid.

That purchase happened like a year ago... I certainly don't have $25M to throw around, but if I did, I'd certainly want to try and get back my investment as soon as possible.

I just wonder what's taking so long for us to even hear a single peep?

[thistleclub]

Originally Posted by pEte fiSt iN Ur fAce

^Sounds almost too good to be true. Very exciting and also very expensive sounding - $25M seems high to me. If I recall, it's a lot more than the previous owner paid.

The Eaton Centre was built at a cost of $77m in 1990 (~$94m in 2000 CAD). The impeccably monikered Italo Ferrari purchased the property in 2000 for $3.6m (~$4.6m in 2011 CAD); he's arguably more famous for his diversified holdings and assorted character flourishes.

Here's a pre-Linc flashback of LRM-related factoids, 2003-2005.

[Dr Awesomesauce]

Gawwwwwwd...I'd forgotten about all that nonsense. Like you said, great name, but what a loser.

Thanks for those LRM stats. Interesting...

[thistleclub]

SAIL Cruising Into Burlington (Hamilton Spectator, Lisa Grace Marr, May 29, 2012)

A new Quebec outdoors store, SAIL, is making a voyage into Burlington in June.

The Laval-based retailer, founded more than 40 years ago, has embarked on an expansion into Ontario with the opening of three new stores in Ottawa, Oshawa and Vaughan last fall.

Now it is opening an eighth store, this one on Industrial Street in Burlington, near the corner of the QEW and Brant Street, on June 21. It will be about 1.5 kilometres from the similar Mountain Equipment Co-op on Brant Street.

Richard Viger, marketing director for SAIL, said the location is central to Burlington and is visible from the highway.

“We are pretty similar but MEC promotes their own brands. We carry national brands and maybe we have a much bigger selection than them.”

Viger said the Vaughan store is only about a kilometre from a Bass Pro store.

The SAIL store will be about 70,000 square feet, almost double that of MEC. A mezzanine level adds a kind of two-stores-in-one look to the layout.

The new building represents a $15-million investment, according to a company statement.

“The first floor is all outdoors — footwear, clothing, camping, boats; the second floor is all hunting and fishing,” Viger said.

SAIL offers more than 500,000 items in its stores.

Viger said about 35 per cent of sales come from the hunting and fishing products, including a selection of guns and crossbows.

“It’s an important part of the store.”

SAIL Burlington has hired most of its 150 full- and part-time staff, he said.

“You’re going to get service in our store and you’re going to find some very competitive pricing,” he said.

SAIL plans to open more Ontario locations, with the next one in Etobicoke in November.

[LikeHamilton]

Originally Posted by SteelTown

PALETTA INTERNATIONAL CORP
4480 PALETTA CRT. BURLINGTON ON

400 NEBO RD HAMILTON
Super Market
3278.00 sq ft
New Construction
$3,465,000.00

http://www.paletta.ca/1170-rymal-rd-...retail-center/

Apparently it will be a Lococo's.
http://www.lococos.ca/

[SteelTown]

Part of the LimeRidge renovation includes a big restaurant on the main floor next to the Old Navy, it'll include lots of patio space.

[CaptainKirk]

Originally Posted by SteelTown

Part of the LimeRidge renovation includes a big restaurant on the main floor next to the Old Navy, it'll include lots of patio space.

What could be better than a patio in a massive black top parking lot?

No thanks.

[Dr Awesomesauce]

Some people will love it, no doubt. To each their own I guess.

I'd like to see those lots out front developed into commercial and residential space. Create a street wall / boulevard leading from Wentworth to the main entrance. Parking could be tucked away behind these buildings. That would make the place slightly more urban at least.

[markbarbera]

Originally Posted by SteelTown

Part of the LimeRidge renovation includes a big restaurant on the main floor next to the Old Navy, it'll include lots of patio space.

Spring Rolls

www.springrolls.ca

I am very much looking forward to this popular TO restaurant chain opening up a location here.

[CaptainKirk]

The old Kelsey's on Centennial Parkway is undergoing and extensive reno.

Anyone know what's going in there?