Posted Feb 2, 2016, 2:58 AM
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Join Date: Oct 2006
Location: Saskatoon, SK
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Saskatoon 'logical' place for Ikea expansion, developer says
ALEX MACPHERSON, SASKATOON STARPHOENIX
Published on: February 1, 2016 | Last Updated: February 1, 2016 7:47 PM CST
Quote:
It is “logical” to assume that Ikea will consider a store in Saskatoon as part of its decade-long expansion project, which is expected to double its Canadian store count, a prominent developer says.
“Will you get one? I think it’s quite probable. I think there’s strong interest and this is a prime market and I would say they likely would be identifying this as an opportunity,” said Josh Kaufman, Dream Development’s vice president of retail and commercial development.
In January, Ikea Canada unveiled plans to build a 328,000-square-foot store in Halifax, the first of 12 it plans to erect across Canada over the next 10 years. According to 2011 census data, Halifax is home to about 390,000 people, making it the country’s largest census metropolitan area (CMA) without an Ikea. The next-biggest CMAs without an Ikea within reasonable driving distance: Victoria, B.C. at 345,000, followed by Saskatoon at 261,000 and Regina at 211,000.
Kaufman declined to say whether Dream Development has struck a deal with the furniture powerhouse, but noted that his company’s Holmwood development west of Highway 5 will be the largest “regional centre” in Saskatoon and will draw tenants looking to expand into Saskatchewan.
Kaufman said “every tenant, including (Ikea), will be a prime candidate for this site.”
Ikea Canada declined multiple interview requests. In an emailed statement, the company’s corporate press officer Stephanie Kerr said it “wouldn’t be fair” to comment since all of the company’s new locations are under negotiations, and that “at this time, there are no plans to open a store in Saskatoon.”
The furniture giant’s plan to double its Canadian store count has reignited rumours that a Saskatoon store could be on the horizon. Apart from the Holmwood sector, there are several places where it — or other major big box stores — could be located.
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http://thestarphoenix.com/business/local...-place-for-ikea-expansion-developer-says
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