from today's T&T
Retail growth continues
Published Saturday December 31st, 2011
2011 saw big developments on the retail front in Metro
By James Foster
Times & Transcript Staff
In a region where shopping is akin to entertainment, perhaps the biggest retail news of 2011 involves stores where no one has even spent a dime yet.
TIMES & TRANSCRIPT
The new Power Centre on Mapleton Road kicked into high gear again in 2011.
The dormant Mapleton Power Centre project is back on again after falling silent for the past two years.
The approximately $40 million project was poised to be the home of major retailers such as Best Buy and Linens N Things but when the recession struck American retailers particularly hard three years ago, it changed the retail landscape almost over night and big projects like the Power Centre were among the collateral damage.
Moncton's director of commercial and business development was ecstatic when the project was revived this past summer.
"This is a key sector, and retail is part of Moncton's brand for entertainment," Ben Champoux said.
"That particular area is key for growth. We're pleased it's taking off as it is key for our Vision Lands."
The centre is located east of Mapleton Road and north of Wheeler Boulevard, right next to the Trinity Drive shopping district. The so-called Vision Lands is a huge tract of wooded land that is poised to be developed for mixed use, east of Mapleton Road and west of McLaughlin Drive, north of the Power Centre.
Tenants have not yet been publicly named for the new Power Centre, though strong rumours abound.
The names of the retailers moving in to the new shopping area are expected to be released soon.
Also in Moncton's northwest end,
Target stores are expected to start renovating the existing Zellers location on Mountain Road in 2012.
New retail developments were not restricted to Moncton during the past year, however.
In Dieppe, much of the focus was on the wrap-up of Cadillac Fairview's multi-million-dollar revamp of Champlain Place that gave the venerable shopping centre a modern, snazzy look that extended outside the mall to its cladding, signage and a complete repaving of its parking lot.
But just as this year's new aspects of Moncton's retail sector is not restricted to Mapleton Road, nor is Dieppe's all about the region's largest single-level shopping mecca, with a complete overhaul of the city's Canadian Tire outlet as well as the Pharmasave pharmacy on Acadie Avenue, which is expanding to more than triple its former size, mostly to accommodate medical clinics.
About 25 new businesses set up shop in Dieppe this past year, says Louis Godbout, Dieppe's director of business development, and many of those fall into the health and medical field, including a purveyor of medical wear.
The uptown area of Dieppe is thriving as well, home to many of those new businesses, including a new NB Liquor outlet and several new boutique-style retailers. You can expect a new hardware store to be announced for that area soon, among other developments waiting in the wings.
Godbout notes that a number of franchises want to move to Dieppe, but are struggling to find franchisees.
"It's our biggest problem in this area," he says.
Meanwhile, Riverview's biggest retail news in 2011 involves Kent Building Supplies taking over the expansive former Sobeys location on Coverdale Road.
The new Gunningsville Bridge between Moncton and Riverview has made travelling to Riverview to shop easier than travelling to some better known shopping areas in Moncton and Dieppe, the town's manager of economic development Shane Thomson notes, and in the coming year you'll see that message more often.
"That's something we need to leverage, really," Thomson says.
Site selectors are taking note of Riverview's growing retail mix, for example at Findlay Park and in its downtown, and its growing population. Thomson describes those two factors as nearing the "tipping point," where retailers see the right mix of stores and population growth that factors greatly into where they want to set up shop.
The Metro Moncton region is attractive to retailers as it boasts the kind of demographics they seek: a younger population than the provincial average, higher disposable income, high home-ownership, high employment rates and far higher sales per square foot than the Canadian average, to name but a few.
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Personal note - not that much new here, but this article provides a reasonably good summary of the current state of retail development in the city. I posted it mostly because it included a photo of the new Cleves/Golf Town building in the Mapleton Centre. 
It is interesting to hear that the Dieppe development official has come out and predicted the imminent announcement of a new hardware retailer for the uptown area. There was speculation in our forum earler this year about a Rona Supercentre moving into this part of town. I wonder if this is it?