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Originally Posted by jlousa
Leftcoaster is more free to talk openly about it then most people not to mention he knows what he's talking about in this matter.
What he's mentioned is correct, there are a few options out there, the preferred choice is to take the building down to it's steel skeleton, reskin the outside and build a tower up thru the existing frame. My understanding is that the top floor or two of the current building would be removed in the process, the tower would be in the same ballpark heightwise as the black TD tower. the office artium would open up on both Howe and Granville and house retail along the outskirts. No idea if they would keep a dept store on the upper floors or convert those over to office as well. The owners are certainly ready to move asap, unfortunately I don't see this one happening within the decade. Perhaps if Sears gets into trouble in the US.
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Maybe Sears will get tempted with another sweet ass lease deal but this time in the newly rebuild building and with a smaller floor plate......the issue would be what to do with them during construction as I'm sure they don't want to lose their downtown location for 2-3 years.
or conversely maybe Sears could take space in the Redeveloped Bay Parkade Site...having a department store in that development would make a mall there more viable and it offers great connections to skytrain just like they have now.