Quote:
Originally Posted by sailor734
Things are looking good for the Uptown with Fundy Quay and 91 King finally underway. Now, the 800lb gorilla in the room is Brunswick Square. Right in the middle of everything how long can it continue to sit empty? If you accept that the days of the busy urban mall are gone and that it would be extremely challenging to convert to residential, what are the options?
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The ownership debacle needs to be resolved first, as others have said, and until someone with a realistic plan or vision is in place, it will continue to deteriorate.
If it were me, I would focus on the second-floor level that is part of the pedway system. The city is attempting improvements at the city market, and Fundy Harbour Group has renovated the units further down, and Market Square isn't doing too terribly, so I think the pedway will have consistent foot traffic.
I would offer shorter-term leases at reduced rates to try to get the occupancy back up and ensure the few remaining businesses are retained (Scotiabank, Lawtons, Tim Hortons).
I don't think there is any hope of returning retail units to the third level any time soon. Perhaps it could suit other businesses like small offices, medical services, etc.
The food court has a lot of competition, and I think it will be challenging to bring back any of the major fast food chains.