Metro Vancouver Restaurant News thread

[jollyburger]

Originally Posted by Conrad Yablonski

Two new options @ Granville Island Market right in front of Terra Breads

1- https://www.northernbars.ca/ a premium Nanaimo bar operation (no I'm not making that up).

I give them less than a year.

WTF is their pricing model?



Four of those things cost $12. 4 pieces/100 grams.

Bjorn Bar charges $3.25 (seems larger than 25g though)

https://www.bjornbarbakery.com/product/n...sa=false&sbp=false&q=false&category_id=2

Save On $8.69/452 grams
$1.92 for 100grams

https://www.saveonfoods.com/sm/pickup/rsid/1982/product/bake-shop-nanaimo-bars-id-00062639456108

[WarrenC12]

Seems reasonable for a premium offering? Comparing to Save On Foods is neither here nor there. You can find all kinds of similar examples.

[Spr0ckets]

Originally Posted by Conrad Yablonski

Two new options @ Granville Island Market right in front of Terra Breads

1- https://www.northernbars.ca/ a premium Nanaimo bar operation (no I'm not making that up).

I give them less than a year.

2- https://labisebakery.com/ offering canelés - they look good as a special occasion treat.

~~~~~~~~~~~~~~~~~~

In other GIM news the Toast & Jam place looks to be on it's last legs already I suppose they underestimated the number of people willing to pay $6 for a jar of jam the size of your thumb

*overestimated.

[Conrad Yablonski]

Originally Posted by Spr0ckets

*overestimated.

Roger That!

[jollyburger]

Restaurant in West Van had some patio coverings slashed.

Now, the owner is waiting for a $15,000 insurance claim to be processed, while she grapples with the impact that the highly visible damage is having on the appeal of her business.

https://www.nsnews.com/local-business/patio-coverings-slashed-at-west-vancouver-restaurant-7569844

They have an insurance claim for 15K for the plastic covers. Those porch curtains aren't cheap but that's crazy.

[officedweller]

Originally Posted by jollyburger

Looks like they are dumping a few of their pubs

Cinema Public House 901 Granville $1,200,000
Butcher & Bullock 911 West Pender $750,000

I walked by at about 5:30pm today and both Granville Room and Cinema looked closed.

[Conrad Yablonski]

Cockney Kings F&C in Kits is Now Open!

[officedweller]

It was on Marinaside, apparently.

Italian eatery SeaHouse Restaurant closed its doors
https://dailyhive.com/vancouver/seahouse-restaurant-closed

[WarrenC12]

Originally Posted by officedweller

It was on Marinaside, apparently.

Italian eatery SeaHouse Restaurant closed its doors
https://dailyhive.com/vancouver/seahouse-restaurant-closed

That was the old Bella Pizzeria. Was this new ownership or part of that split?

[jollyburger]

Originally Posted by WarrenC12

That was the old Bella Pizzeria. Was this new ownership or part of that split?

Sold to "Emil Malak, owner of Vancouver’s Bellagio Cafes"

https://dailyhive.com/vancouver/bella-gelateria-locations-sold-2017

[WarrenC12]

Originally Posted by jollyburger

Sold to "Emil Malak, owner of Vancouver’s Bellagio Cafes"

https://dailyhive.com/vancouver/bella-gelateria-locations-sold-2017

Interesting. Is that the same owner of the "Bellagio Cafe" on Main and 15th that was closed most of the year and just opened seasonally, even pre-COVID? Looked like a total front to me.. no way to make money on that kind of operation. It is now an Ayoub's.

[Changing City]

Originally Posted by WarrenC12

Interesting. Is that the same owner of the "Bellagio Cafe" on Main and 15th that was closed most of the year and just opened seasonally, even pre-COVID? Looked like a total front to me.. no way to make money on that kind of operation. It is now an Ayoub's.

I'm not sure whether they're related. That was Bellagio's Gellato. The Bellagio Cafe is on Hornby, and there was a second at the Convention Centre until 2022.

[whatnext]

The folks behind Salvio Volpe are opening a new restaurant at Cambie & 17th. Not in the old Biercraft/Tomato Cafe space but in what used to be Max's Garage behind it (Tupper and 17th) .

[IMG]IMG_6288 (1) by bcborn, on Flickr[/IMG]

[IMG]IMG_6289 (1) by bcborn, on Flickr[/IMG]

my photos

[officedweller]

Wow, I didn't realize that that block was so deep (no lane).

Here's a Google street view showing that new building next door from Tupper St.


https://www.google.com/maps/@49.2554448,...9T3unn7m7mQ!2e0!7i16384!8i8192?entry=ttu

[svlt]

Originally Posted by whatnext

The folks behind Salvio Volpe are opening a new restaurant at Cambie & 17th. Not in the old Biercraft/Tomato Cafe space but in what used to be Max's Garage behind it (Tupper and 17th)

VanMag article on the restaurant: https://www.vanmag.com/taste/food-news/b...estaurant-in-cambie-village-this-winter/

[jollyburger]

I wonder who owns the land it sounds like they dumped a lot of money into refurbishing those units.

We’re pleased to present an exclusive commercial leasing opportunity in an iconic Cambie Village building. Our intention is to curate community-oriented and thoughtful businesses that together create an exceptional retail experience. We are seeking a retail, gallery, yoga/pilates studio, cafe or juicery business that this densely populated and affluent neighbourhood is in need of. Restaurant, cannabis, doctor/dental office, animal clinic businesses will not be considered. We are nearly complete our extensive exterior upgrade and redesign by Waissbluth Architecture Office. The scope of work includes, but is not limited to, a modern exterior palette, streamlined lighting, new windows and doors, landscaping, bespoke signage by Franklin Sign Co. and fresh branding by award winning Glasfurd & Walker. We hope to see you in this exciting, re-imagined retail hub.

https://www.loopnet.ca/Listing/3317-Cambie-St-Vancouver-BC/20720211/

The Biercraft bar and restaurant site on Cambie Street in Vancouver has sold. The 11,193-square-foot property, which includes three other retail units, sold for $12.5 million, about $700,000 below its assessed value.

Breakdown:
Sale price: $12.5 million

BC Assessment value: $13.23 million

Property type: Retail

Address: 3305-3317 Cambie Street

City: Vancouver, B.C.

Year built: 1947

Number of units: 4 retail units with basement.

Building size: Approx. 8,000 square feet

Lot size: 11,193 square feet

Date sold: July 31, 2019

Zoning: C-2 (potential for six storeys)

Brokerage: Macdonald Commercial

Agent: Eric K. Poon

https://www.westerninvestor.com/done-dea...il-property-sold-for-125-million-3831740

[whatnext]

Originally Posted by jollyburger

I wonder who owns the land it sounds like they dumped a lot of money into refurbishing those units.

https://www.loopnet.ca/Listing/3317-Cambie-St-Vancouver-BC/20720211/

https://www.westerninvestor.com/done-dea...il-property-sold-for-125-million-3831740

I'd love to hear from forumers who work in commercial real estate how the economics of all that work out! Given the refurbishment and new tenants, it doesn't sound like redevelopment anytime soon.

[jollyburger]

Originally Posted by whatnext

I'd love to hear from forumers who work in commercial real estate how the economics of all that work out! Given the refurbishment and new tenants, it doesn't sound like redevelopment anytime soon.

That's what I was wondering about. They're probably dumping a lot of money into a kitchen so I doubt they have a demo clause for at least 10 years?

There's a presentation centre in one of the units but not sure if there's any connection with the developer.

[domusile]

Originally Posted by jollyburger

I wonder who owns the land it sounds like they dumped a lot of money into refurbishing those units.

I believe it's the same family that owns/developed the skinny black rental building next door to the south.

[officedweller]

Gram Cafe closed at Aberdeen and Amazing Brentwood

https://dailyhive.com/vancouver/gram-cafe-closed