[Burnaby] The Amazing Brentwood | 15 Towers | 186m | 56 flrs | U/C & Proposed

[Klazu]

Today

[red-paladin]

Thanks for the update

[GilmoreStation]

26 more floors to go

[JamesOwnz]

I work in the area and hear from people working inside the mall that the project is heavily delayed and businesses with leases are getting very worried about the potential fines.

Doesn't look like a Summer 2018 opening is going to happen.

[Geof]

Originally Posted by JamesOwnz

I work in the area and hear from people working inside the mall that the project is heavily delayed and businesses with leases are getting very worried about the potential fines. Doesn't look like a Summer 2018 opening is going to happen.

On Tuesday, at the community open house for Phase 2, the developer rep. told me that they are expecting to open Q2 2019. I had said I hoped the bridge to the Skytrain would be open before then; he was doubtful due to continuing construction, particularly of the middle tower on Lougheed (I forget the number) which is behind the others.

Phase 2 also hopefully includes the community centre (they had a panel about it), but it sounds as though phase 2 will be phased, with the tower first.

There weren't many people at the open house (I think there was maybe one other who came in while I was there). I recommend going to these things. They are a great opportunity to talk to developers and planners (there was a city planner there too).

Could you explain the fines?

[donslade]

Originally Posted by JamesOwnz

I work in the area and hear from people working inside the mall that the project is heavily delayed and businesses with leases are getting very worried about the potential fines.

Doesn't look like a Summer 2018 opening is going to happen.

for those who have purchased in bldg 1 and per amended docs - target date is last 3 mo of 2018.

[rofina]

Originally Posted by Geof

On Tuesday, at the community open house for Phase 2, the developer rep. told me that they are expecting to open Q2 2019. I had said I hoped the bridge to the Skytrain would be open before then; he was doubtful due to continuing construction, particularly of the middle tower on Lougheed (I forget the number) which is behind the others.

Phase 2 also hopefully includes the community centre (they had a panel about it), but it sounds as though phase 2 will be phased, with the tower first.

There weren't many people at the open house (I think there was maybe one other who came in while I was there). I recommend going to these things. They are a great opportunity to talk to developers and planners (there was a city planner there too).

Could you explain the fines?

That's surprising.

Seems like most of the formwork is done, or will be in a month or two.

Should be steel erecting and finishes from here on, which move at a much more rapid clip than concrete.

Tenant build outs taking say 6 months, and I would have figured open in time for Christmas 2018.

[SpongeG]

The fines could be for retailers who close before their contract expires. I am sure a lot are taking a loss to remain open knowing holding on there will pay off when it becomes one of the better malls in the region. But if they keep delaying the opening they may have to close and pay fines for doing so.

A friend of mine managed a store in guildford. He lived diwntiwn. We had a big snow storm and he dudnt get to the store until 1 pm and was fined for not opening on time by the mall.

[excel]

Today:












my pics.

[donslade]

Construction cam down again or ?

[officedweller]

From Retail Insider:

SHAPE Announces L Catterton Partnership for Groundbreaking 'The Amazing Brentwood' Redevelopment

The Amazing Brentwood retail centre, just east of Vancouver, will see an overhaul that will reposition it as a premiere shopping centre with the help of a new, notable investor. Landlord SHAPE and co-owner Healthcare of Ontario Pension Plan have partnered with the L Catterton group, which is a private equity firm linked with French luxury conglomerate LVMH (Louis Vuitton Moët Hennessy) and Groupe Arnault. The new $2 billion The Amazing Brentwood will become the focal point of a community that will include over a million square feet of retail space, considerable office space, as well as multiple residential towers for thousands of new residents. The first phase is scheduled to open in the spring of 2019.

The Amazing Brentwood is L Catterton’s second North American development project, following its investment in Miami’s luxury retail complex, Miami Design District. L Catterton is also involved in a number of luxury projects in Asia, including the recent unveiling of the magnificent Ginza SIX luxury retail complex in central Tokyo. L Catterton is noted as being the world’s largest consumer-focused private equity fund, with more than US $14 billion in capital.
...

Mr. Kwiatkowski explained that the project will be “world class”, with a number of LVMH and Catterton-funded brands included in the centre’s mix. “The best of the best” will be included, including local, national and international retail concepts and brands.

Tenants have yet to be announced for The Amazing Brentwood, and Mr. Kwiatkowski noted that tenants will range from the affordable to the luxurious. L Catterton's six other retail projects are decidedly luxury-heavy, with both the Miami Design District and Ginza SIX boasting a number of large flagship stores for some of the world's leading luxury brands.
...

http://www.retail-insider.com/retail-ins...unces-l-catterton-partnership-lvmh-shape

[SpongeG]

could be good

pic of the miami design district...



shop list

[osirisboy]

Well that's fancy!! Totally useless to me though, I wouldn't shop at any of those stores. Looking through the list of stores I'm surprised we don't have a fendi here

[GilmoreStation]

could be good, but no one has any money to spend

[sburnaby33]

If mall management populates a majority of retail with luxury brands than I still will have to go to Metrotown for my shopping. Does no good for me. However, if a handful of stores are luxury and the rest are middle of the road retail like Zara and Tommy than I will be happy. Hope this is the case.

[Vin]

I guess Walmart and Winners are the winners here lol.

No malls will survive populated only by lux retail. There will be a mixture. It's good business for the municipality and tourism overall. Not every retail opening is about one able to shop there, but who knows, you may find a deal during a sale, something for that special someone?

[Jebby]

Originally Posted by Vin

I guess Walmart and Winners are the winners here lol.

No malls will survive populated only by lux retail. There will be a mixture. It's good business for the municipality and tourism overall. Not every retail opening is about one able to shop there, but who knows, you may find a deal during a sale, something for that special someone?

So if your Harrods @ Brentwood dream dead?

[Geof]

Originally Posted by sburnaby33

If mall management populates a majority of retail with luxury brands than I still will have to go to Metrotown for my shopping. Does no good for me. However, if a handful of stores are luxury and the rest are middle of the road retail like Zara and Tommy than I will be happy.

As far as I'm concerned, it sucks. I don't want luxury stores, nor the kinds of people they attract.

[osirisboy]

Originally Posted by Geof

As far as I'm concerned, it sucks. I don't want luxury stores, nor the kinds of people they attract.

Wow. Judgmental.

[Jebby]

Originally Posted by Geof

As far as I'm concerned, it sucks. I don't want luxury stores, nor the kinds of people they attract.

Then move to Surrey.