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Originally Posted by MonctonRad
From the Canada section:
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DailyHive had an interesting article about the Jim Pattison Group purchasing 5855-5955 Steeles Avenue East in Scarborough, which was previously planned to be developed as “Lesso Mall”. The property is now proposed to be developed with a large warehouse and distribution centre instead.
The article talks about how this is a downgrade for the site from the previous mall plans, but it misses the point on what the larger implications might be - the Jim Pattison Group owns Save-On-Foods, which notably only operates in Western Canada at this time. If they are building a distribution centre, this could potentially mean that they are planning on expanding into Ontario/Eastern Canada.
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Very interesting news indeed. If Save-On-Foods expands to the east, initial growth will be confined to southern Ontario, but, eventually, we might see a new competitor in the Maritimes too.
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If I may be speculative, the event which is fueling the impending MID West expansion is the pre-sale of two large industrial lots within the portion of the park to be expanded. It has been suggested one of these lots might be for a Home depot distribution centre. What if the second lot was sold to Jim Pattison for a possible Save-On-Food distribution centre???
Of course, I have no inside knowledge of who the buyer is, but, the construction of a distribution centre in Ontario might be heralding an even more aggressive eastern expansion. Could we soon see Save-On-Foods in the Maritimes?
This schematic shows the first phase of the proposed MID West expansion, and the two large lots that will be located on the extension of Horsman Road leading down to DeLong. Who are the two businesses which have purchased these large lots? Could they be Home Depot and Save-On-Foods???