SkyCity Centre Winnipeg | 45F | 575 Ft | 175.26 M | Cancelled - Page 93

Urban recluse · #**1841** Posted **Dec 13, 2016, 4:42 PM**

Is there a required amount of retail/commercial space the parkade is supposed to have?

CoryB · #**1842** Posted **Dec 13, 2016, 6:50 PM**

I would also love an update on the promised grocery store in SkyCity.

robertocarlos · #**1843** Posted **Dec 13, 2016, 7:04 PM**

Quote:

Originally Posted by Urban recluse

Is there a required amount of retail/commercial space the parkade is supposed to have?

Probably the same as the Glasshouse parking garage.

rkspec · #**1844** Posted **Dec 13, 2016, 7:13 PM**

there's retail space in glasshouse parkade?

Wolf13 · #**1845** Posted **Dec 14, 2016, 9:18 PM**

Quote:

Originally Posted by rkspec

there's retail space in glasshouse parkade?

There was supposed to be.

Urban recluse · #**1846** Posted **Dec 14, 2016, 9:48 PM**

Here we have another situation where there is no demand. Will the city allow the development to proceed without retail I wonder...

trueviking · #**1847** Posted **Dec 14, 2016, 10:11 PM**

lets' hope not.

bomberjet · #**1848** Posted **Dec 14, 2016, 10:52 PM**

Quote:

Originally Posted by bmyers

We didn't have all our ducks in order to start excavation this month, we'll re-apply for the building permit in the new year.

We spent the better part of 2014 and into 2015 working on an RFP for a single commercial tenant at the St. Regis site that we ultimately came in second on, pretty disappointing. We'll focus on getting SkyCity started and then revisit St. Regis.

The interest in the commercial condo space has been very high and we continue to get a couple residential sales per week. Hopefully we'll have a couple new things to announce in Q1-2017.

Thanks for the info Ben.

Wolf13 · #**1849** Posted **Dec 15, 2016, 8:40 PM**

Quote:

Originally Posted by Urban recluse

Here we have another situation where there is no demand. Will the city allow the development to proceed without retail I wonder...

That's what's so perplexing about Winnipeg... by all accounts, that retail space should be in high demand... at the foot of a tower holding 400-600 people, along the busiest bus transit lines, close connection to indoor walkways and the arena, not to mention lots of office.

The one obvious answer is that TNS and 300 Main are better locations, yet in any other market SkyCity would be beating away commercial tenants with a stick.

1ajs · #**1850** Posted **Dec 15, 2016, 9:31 PM**

Quote:

Originally Posted by Wolf13

That's what's so perplexing about Winnipeg... by all accounts, that retail space should be in high demand... at the foot of a tower holding 400-600 people, along the busiest bus transit lines, close connection to indoor walkways and the arena, not to mention lots of office.

The one obvious answer is that TNS and 300 Main are better locations, yet in any other market SkyCity would be beating away commercial tenants with a stick.

theres demand but the rents are higher then what the markets willing to pay they will fill in look at king st parkade its fully ocupied now... build and it will grow

headhorse · #**1851** Posted **Dec 15, 2016, 10:09 PM**

part of the problem is a lot of these large developments are looking for larger tenants, which often ends up being national chains, as there is less risk. there's a ton of demand for smaller retail spaces but that's not who these developers are catering to.

Urban recluse · #**1852** Posted **Dec 15, 2016, 10:27 PM**

I can appreciate the difficulty in attracting tenants based on TNS and 300 Main attracting tenants; there is only so much to go around at this point. Cities similar in population to Winnipeg would probably also have this problem when there is this much new retail space being proposed.

Wolf13 · #**1853** Posted **Dec 19, 2016, 11:27 PM**

Quote:

Originally Posted by 1ajs

theres demand but the rents are higher then what the markets willing to pay they will fill in look at king st parkade its fully ocupied now... build and it will grow

So there's no demand. You gotta make your rents.

Since some of these prospective tenants are national and do pay higher rent in other markets, it still is perplexing. The reality is that over time, as companies mull over whether or not to open a Winnipeg franchise/office/etc... or in another city, they've all backed out. Potential residents and potential commercial tenants have all been too hesitant to populate our downtown and now we're in those drawn out phase of making downtown great again.

Quote:

Originally Posted by headhorse

part of the problem is a lot of these large developments are looking for larger tenants, which often ends up being national chains, as there is less risk. there's a ton of demand for smaller retail spaces but that's not who these developers are catering to.

There are plenty of smaller spaces coming up... they don't attract media attention, but they are there. If they were demanding space, landlords would build more and more, because they actually pay slightly higher rent.

However, every development needs an anchor or two because the small tenants all demand the presence of a capable anchor nearby in their leases.

Quote:

Originally Posted by Urban recluse

I can appreciate the difficulty in attracting tenants based on TNS and 300 Main attracting tenants; there is only so much to go around at this point. Cities similar in population to Winnipeg would probably also have this problem when there is this much new retail space being proposed.

I'd hate to say it but cities like Edmonton, our closest comparable, are grossly outplaying us. 700,000 is a lot of people, but it's pulling teeth to get national chains/operators to put their negative image of Winnipeg aside.

Urban recluse · #**1854** Posted **Dec 20, 2016, 3:01 AM**

I don't know if Edmonton is a fair comparison, just as Calgary is not. Hamilton would be.

jmt18325 · #**1855** Posted **Dec 20, 2016, 3:06 AM**

Hamilton and Quebec City are really the only things closely comparable in Canada.

Urban recluse · #**1856** Posted **Dec 20, 2016, 3:15 AM**

I used to compare Winnipeg to Edmonton, but without oil & gas, Edmonton and Calgary would no doubt be Winnipeg's equals.

Biff · #**1857** Posted **Dec 20, 2016, 2:34 PM**

Edmonton and Calgary are also roughly double our population.....whether we want to believe it or not.

esquire · #**1858** Posted **Dec 20, 2016, 2:53 PM**

Quote:

Originally Posted by Biff

Edmonton and Calgary are also roughly double our population.....whether we want to believe it or not.

People of my generation tend to think of Edmonton and Calgary as being perhaps slightly larger versions of Winnipeg, but yeah... the gap has really widened over the last 20 years or so.

We're closer in population to the Halifax CMA than we are to Edmonton these days, closer to Saskatoon CMA than to Calgary.

Urban recluse · #**1859** Posted **Dec 20, 2016, 3:44 PM**

Sad but true.

esquire · #**1860** Posted **Dec 20, 2016, 3:52 PM**

^ Is it really that sad? Winnipeg's population is big enough to support many of the amenities that make a desirable city... Edmonton might have nearly half a million people on us but it's not like the city is wildly different than here. They're much more like us than like Vancouver or Toronto. But anyway, I'm digressing so I'll park my train of thought.