Quote:
Originally Posted by habs33
I heard from a local Sobey's manager that Kent is indeed moving to there.
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Interesting. These rumours then have definitely increasing in credence.
1) -
Mapleton_Roadie has first hand knowledge, therefore the Day & Ross move to Caledonia Industrial Park is now essentially confirmed as far as I'm concerned.
2) - What happens to the old Day & Ross property on Mapleton however remains less certain.
habs33's info remains second hand, and therefore is less reliable than the above rumour, but there are now at least three people stating that Kent is moving from Wheeler Park to the Day & Ross property on Mapleton. This rumour therefore cannot be ignored.
What would the loss of Kent mean to Wheeler Park (on top of the loss of Costco)?
This could mean an expanded development opportunity for Wheeler Park, but a confounding variable is the fact that CREIT (the owners of Wheeler Park) actually do not own these properties. Costco, Kent and Superstore are (were) what is know as "shadow anchors." Essentially, they are independently owned, but help to drive traffic to the adjacent retail development just by their co-location. The current Costco will also be a "shadow anchor" for the Granite Centre, once the Granite Centre actually breaks ground.
The Kent & Costco properties at Wheeler Park combined will be a big chunk of land, and immediately adjacent to one another. Are there developers already sniffing around about this? Is a future development opportunity here helping to drive the possible Kent move to the day & Ross site??? Hmmmm.........