Target Closing Down all 133 stores - Page 8

wingman · #**141** Posted **May 12, 2015, 2:29 AM**

Quote:

Originally Posted by Cre47

The former Target spot on Maloney Blvd (if they meant the entire NCR region) would be way too small for a Lowes

Sadly yes... but I can hope, right? Anyway, Lowes is not in QC yet... prob ever.

I could see that being a Loblaw space, future Provigo Marche or something along those lines.

If not that, then I would have no idea unless they chopped it up.

c_speed3108 · #**142** Posted **May 12, 2015, 1:10 PM**

Sounds very probable that it the St Laurent location for Lowes. The article indicates that 8/12 of the locations are owned by RioCan and St Laurent is a RioCan location. Most other locations are in malls as well. It would create almost perfect spacing of the 4 Lowes locations across the city.

Acajack · #**143** Posted **May 12, 2015, 1:30 PM**

Quote:

Originally Posted by Cre47

The former Target spot on Maloney Blvd (if they meant the entire NCR region) would be way too small for a Lowes

The existing store yes, but the site itself is plenty big enough.

Acajack · #**144** Posted **May 12, 2015, 1:31 PM**

Quote:

Originally Posted by wingman

Sadly yes... but I can hope, right? Anyway, Lowes is not in QC yet... prob ever.

I could see that being a Loblaw space, future Provigo Marche or something along those lines.

If not that, then I would have no idea unless they chopped it up.

Lowe's tried to take over RONA when it was first thinking of coming to Canada but this did not work out.

This in addition to language issues may be a factor in their hesitation about Quebec.

Note that their president is now a Quebecer though.

c_speed3108 · #**145** Posted **May 12, 2015, 4:56 PM**

.

c_speed3108 · #**146** Posted **May 12, 2015, 4:58 PM**

Managed to confirm that it is the St. Laurent location for Lowes. Via the court fillings the locations are:

Intercity Shopping Centre Thunder Bay, ON
Nanaimo North Town Nanaimo, BC
Centre
Milton Mall Shopping Milton, ON
Centre
Centrepoint Mall North York, ON
RioCan St. Laurent Ottawa, ON
Prince George Prince George, BC
Northgate Mall Regina, SK
Shoppers World Danforth Toronto, ON
Shoppes at Shawnessy Calgary, AB
Burlington Mall Burlington, ON
Abbotsford Power Centre Abbotsford, BC
Signal Hill Centre Calgary, AB
Victoria Tillicum Victoria, BC

Lease for St Laurent goes to 2023 with 12 options to the year 2078 (man Hudson's Bay had power in this country!)

103,000 sq feet

DEWLine · #**147** Posted **May 17, 2015, 5:40 PM**

Can we map out who's taking over which Ottawa locations?

eternallyme · #**148** Posted **May 17, 2015, 6:12 PM**

Quote:

Originally Posted by DEWLine

Can we map out who's taking over which Ottawa locations?

Bayshore - Walmart
Billings Bridge - Walmart
St. Laurent Blvd. - Lowe's
Hazeldean - no one yet
Place d'Orleans - no one yet

Dundas · #**149** Posted **May 17, 2015, 7:29 PM**

Place dorleans - One massive LCBO

11a2b3 · #**150** Posted **May 17, 2015, 8:27 PM**

Surprised Loblaws didn't take Billings Bridge, they have a small store in other end of mall.

canabiz · #**151** Posted **May 18, 2015, 3:25 AM**

Quote:

Originally Posted by eternallyme

Bayshore - Walmart
Billings Bridge - Walmart
St. Laurent Blvd. - Lowe's
Hazeldean - no one yet
Place d'Orleans - no one yet

Adding 3 because they are also pretty local

Merivale - no one yet (that I know of)
Gatineau - no one yet (that I know of)
Smith Falls - no one yet (that I know of)

Buggys · #**152** Posted **May 18, 2015, 11:01 AM**

Quote:

Originally Posted by 11a2b3

Surprised Loblaws didn't take Billings Bridge, they have a small store in other end of mall.

Their existing location is better located -- closer to the escalator near the transitway bridge.

Catenary · #**153** Posted **May 18, 2015, 7:06 PM**

Quote:

Originally Posted by Buggys

Their existing location is better located -- closer to the escalator near the transitway bridge.

Yes, but the Target location has a direct entrance to the parking lot which is quite handy for a grocery store.

DEWLine · #**154** Posted **May 23, 2015, 7:14 PM**

Quote:

Originally Posted by Dundas

Place dorleans - One massive LCBO

In your dreams!

canabiz · #**155** Posted **May 26, 2015, 1:40 AM**

http://business.financialpost.com/news/r...mise-in-canada-could-be-a-gain-for-lowes

rocketphish · #**156** Posted **Jun 4, 2015, 4:52 PM**

RioCan confirms Lowe’s moving to former Target St. Laurent location

OBJ Staff
Published on June 03, 2015

RioCan Real Estate Investment Trust confirmed Wednesday that American home improvement retailer Lowe’s will take over the former Target store on St. Laurent Boulevard.

In May, Lowe’s acquired 13 Target leases, with eight of them housed in RioCan properties. While an Ottawa location was part of that announcement, a Lowe’s spokesperson declined to comment on any specific properties at that time.

RioCan’s other eastern Ontario space formerly occupied by Target is in the County Fair Mall in Smiths Falls. It is one of 18 Target leases which have been disclaimed.

“We are, of course, disappointed with the departure of Target from the Canadian market,” RioCan CEO Edward Sonshine said in a statement. “With greater clarity on the situation, we are ready to close this chapter and exercise control over the 18 disclaimed locations to minimize the disruption that this has caused and protect the shopping centres in which the Target stores were located.”

RioCan said it has a number of national tenants interested in many of its 18 available leases, including grocers, fitness operators, discount retailers and sporting goods suppliers. It said that due to the large size of the vacated stores, many will have to be repurposed and subsequently leased to more than one tenant.

The 18 disclaimed leases are guaranteed by indemnity arrangements with Target, but Mr. Sonshine said RioCan will continue to “seek whatever remedies are available” to make up for lost revenue caused by Target Canada’s default.

The second-largest hardware chain in the world behind Home Depot with more than 1,800 stores, Lowe’s expanded into Canada in 2007. The St. Laurent store will be its fourth Ottawa location.

http://www.obj.ca/Local/Retail/2015-06-0...-to-former-Target-St.-Laurent-location/1

acottawa · #**157** Posted **Aug 8, 2016, 3:25 PM**

Quote:

Originally Posted by rocketphish

RioCan confirms Lowe’s moving to former Target St. Laurent location

OBJ Staff
Published on June 03, 2015

RioCan Real Estate Investment Trust confirmed Wednesday that American home improvement retailer Lowe’s will take over the former Target store on St. Laurent Boulevard.

Other than a Lowes sign that says "coming soon" by St. Laurent, the former Target looks exactly the same as it did more than a year ago. Is there some sort of zoning problem?

Capital Shaun · #**158** Posted **Aug 8, 2016, 3:38 PM**

Quote:

Originally Posted by acottawa

Other than a Lowes sign that says "coming soon" by St. Laurent, the former Target looks exactly the same as it did more than a year ago. Is there some sort of zoning problem?

Dunno. I was wondering if Lowe's buying out Rona might slow this down as well. The Nearest Rona is only 3km away on Innes.

rocketphish · #**159** Posted **Aug 8, 2016, 4:53 PM**

Quote:

Originally Posted by Capital Shaun

Dunno. I was wondering if Lowe's buying out Rona might slow this down as well. The Nearest Rona is only 3km away on Innes.

Slow it down? I suspect it might kill it. They won't keep 2 locations that close to each other, and they're sure to keep the location that's closer to Home Depot, won't they?

Capital Shaun · #**160** Posted **Aug 8, 2016, 8:17 PM**

Quote:

Originally Posted by rocketphish

Slow it down? I suspect it might kill it. They won't keep 2 locations that close to each other, and they're sure to keep the location that's closer to Home Depot, won't they?

Very possible. I haven't heard anything on whether or not Lowe's will rebrand any Rona stores. If yes, they certainly wouldn't keep both locations.