CF Pacific Centre Developments

[RedArbutus]

Originally Posted by jollyburger

I assume they dump Park Royal whenever their lease terms allow for it.

Would they? I thought there was some speculation they would keep both?

[jollyburger]

Originally Posted by RedArbutus

Would they? I thought there was some speculation they would keep both?

In the press release they said they were complimentary. I'm just saying I don't believe it.

[jollyburger]

RE CRU 4. Also the sign in that unit at Granville/Georgia space says "high fashion" under the placeholder (?) logo and it seems to be very closed off for a space that leads into the Simons space.

Artizia 40,000
Simons 92,000


Floor 1 69,739
Floor 2 75,869
Floor 3 78,165

Around 98K sq feet left (if you subtract ~6K sq feet from the old Hugo Boss basement level space for Aritzia) Come on Uniqlo.

[Spr0ckets]

Originally Posted by SFUVancouver

I don't want to alarm anyone, but I think the Four Seasons tower is shrinking.

It's now just Two Seasons.
...
...
.....
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(*I'll see myself out)

[whatnext]

Originally Posted by jollyburger

I assume they dump Park Royal whenever their lease terms allow for it.

Why? No doubt there's some poaching of existing Vancouver customers but the North Shore should be able to sustain a Simons. from the article:

...Simons at Park Royal has also delivered consistent high double-digit growth since opening over a decade ago, including more than 30 per cent year-over-year growth in 2025. Beyond its physical stores, Simons maintains a robust e-commerce business, which accounts for approximately 35 per cent of the company’s sales in B.C....

[GenWhy?]

Originally Posted by jollyburger

In the press release they said they were complimentary. I'm just saying I don't believe it.

They'd be downsizing so that'd be interesting if they did

[jollyburger]

I just see a scenario where the downtown Vancouver blows through any sales number Park Royal has ever managed to achieve. How do you justify a second location 6KM away (across the Lions Gate) that is in the opposite direction of all the population growth even with a higher wealth customer base.

Simons opened in 2015 in Park Royal so it's been a decade. I mean 2030 or something might be a good time to bail

[PBlonde]

Originally Posted by jollyburger

I just see a scenario where the downtown Vancouver blows through any sales number Park Royal has ever managed to achieve. How do you justify a second location 6KM away (across the Lions Gate) that is in the opposite direction of all the population growth even with a higher wealth customer base.

Simons opened in 2015 in Park Royal so it's been a decade. I mean 2030 or something might be a good time to bail

I tend to agree, Park Royal's sales will definitely be cannibalized by this store opening, the question is by how much.

This is a huge win for the downtown core. I'm hopeful this will be enough to convince Uniqlo to open as well, knowing that a similar demographic of shoppers will be going to Simons they'll be able to see a lot of cross sales that way.

[whatnext]

Originally Posted by jollyburger

I just see a scenario where the downtown Vancouver blows through any sales number Park Royal has ever managed to achieve. How do you justify a second location 6KM away (across the Lions Gate) that is in the opposite direction of all the population growth even with a higher wealth customer base.

Simons opened in 2015 in Park Royal so it's been a decade. I mean 2030 or something might be a good time to bail

The North Shore is a different world. From my years working on there I was always surprised how "insular" it was.

[LeftCoaster]

I suspect both stores will do just fine, that bridge between them is more like a canyon when it comes to shopping patterns.

And yes to confirm CRU 4 is not part of the Simons space.

[daverraver]

Originally Posted by whatnext

Why? No doubt there's some poaching of existing Vancouver customers but the North Shore should be able to sustain a Simons. from the article:

...Simons at Park Royal has also delivered consistent high double-digit growth since opening over a decade ago, including more than 30 per cent year-over-year growth in 2025. Beyond its physical stores, Simons maintains a robust e-commerce business, which accounts for approximately 35 per cent of the company’s sales in B.C....

It probably doesn't hurt that HBC closed last June. I suspect a good reason for their 30% yoy increase has to do with that. I also believe that both stores can stay open and remain relevant.

[kikin]

things are looking exciting for that area and Granville and Robson

I often notice lineups at the womens' clothing store Brandy Melville a block down Granville so there is hope that that area can again become a strong destination for shoppers to come from all around

[svlt]

Originally Posted by whatnext

The North Shore is a different world. From my years working on there I was always surprised how "insular" it was.

Exactly. People there do not want to travel downtown. People downtown do not what to travel there. If you actually tried a commute you'd understand. This is not a bridge you cross lightly, honestly. I even panic at the thought of going on a random weekend sparingly. I know in advance I'd be giving up hours of time and it could well be shorter in time to drive to Langley from Vancouver proper than it is to go to the North Shore at certain times of the day.

[officedweller]

Originally Posted by jollyburger

I assume it's their window display in the bottom left but maybe it's another store?

That'll be confusing - but its a marquee sign location so I can see why Simons would want a sign there.
I suppose there will be a Tenant 4 sign below that Simons sign.

[connect2source]

We've been waiting for this announcement for years and now in light of They Bay's demise this is critical for the vitality of downtown Vancouver. Simon's is viewed as a department store by most even thought it's more of a large format fashion retailer so the perception of another large department store style anchor will bring a lot of confidence back to downtown's retail market.

I don't see anything happening to the Park Royal location, if our metro of just under 600K here in Halifax can support a Simons, a metro of 3M can certainly support two locations.

[SFUVancouver]

Aritzia and Simons going into the former Holts / former Sears / former Eatons space in Pacific Centre is fantastic. And it is so much better an outcome than what is happening in Toronto to the former Bay at Yonge and Bloor, which will be converted into self-storage.

https://urbantoronto.ca/news/2026/04/sel...mer-hudsons-bay-space-2-bloor-east.60895

[whatnext]

Originally Posted by SFUVancouver

Aritzia and Simons going into the former Holts / former Sears / former Eatons space in Pacific Centre is fantastic. And it is so much better an outcome than what is happening in Toronto to the former Bay at Yonge and Bloor, which will be converted into self-storage.

https://urbantoronto.ca/news/2026/04/sel...mer-hudsons-bay-space-2-bloor-east.60895

Yes indeed. And it’s great that both are Canadian companies!

[WarrenC12]

I live in Vancouver and my wife has made several trips to Simons in North Van which she would obviously no longer do with a downtown location. It's clear the NV store will take a hit.

[GenWhy?]

Originally Posted by WarrenC12

I live in Vancouver and my wife has made several trips to Simons in North Van which she would obviously no longer do with a downtown location. It's clear the NV store will take a hit.

I don't need to drive much but I'd imagine regionally the North Shore location is easier via car?

[RedArbutus]

Originally Posted by WarrenC12

I live in Vancouver and my wife has made several trips to Simons in North Van which she would obviously no longer do with a downtown location. It's clear the NV store will take a hit.

As a NV resident that frequently visits the PR Simons, I think it'll take a hit, just not a big enough one that the company will shutter that location.