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Originally Posted by phesto
^Some of these ideas are great. Just to clarify why nothing is happening there:
A) Sears actually does OKAY at their downtown location.
B) They have 40+ years left on their lease and pay almost nothing in rent.
C) As long as they are still in business and want to be in downtown Vancouver, this thing will NOT be demolished. (Cadillac Fairview (the Landlord) would like to buy Sears out of their lease and redevelop, but that won’t be happening) The fact that downtown Vancouver has a large residential population (and growing) is probably why Sears wants to stay and won’t accept a buy-out like it did in Calgary last year –which was converted to a Holt Renfrew.
Unless Sears shuts down, the only positive outcome I can see is in about 5-10 years Sears renegotiates with Cadillac Fairview to become lead tenant in a smaller urban format for a new retail/office development on the site. Otherwise, why would Sears walk away from this location? They would never be able to open another store downtown.
As far as decorating the building in the interim? Highly doubtful. You’d be hard-pressed to argue that decorating the building at Sears’ expense is going to result in a meaningful increase in their sales. Conversely, the landlord isn’t going to spend a dime to pretty up the building because they want to redevelop.
It's a chess match between the two over money, and until it's resolved, it's going to sit as it looks now, the ugly white POS that it is. Again, not because people don't want to see it redeveloped, but because of money.
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I know it's not reasonable to expect Sears to be redeveloped or otherwise.
What I do think is reasonable, however, is the donation of one, two, or all three of their surfaces to the artistic community to create some kind of visual installation that engages the public.
The first video I posted is something that I think would work perfectly for this site, and for this situation. Video projection doesn't include any kind of redevelopment, renovation, etc.
Perhaps the surface bordering Granville Street might be the best starting point. Granville street looks great with it's new renovation, and is the true entertainment district for the city. A night time visual installation, perhaps with sound, would be hugely interesting and engaging.
Even to donate the space to Emily Carr and allow their students to express themselves on this massive canvas would be hugely interesting. It could be a transformational space for expression, something we currently lack.
I can't see either Sears or Caddillac Fairview objecting, so long as the costs were born by others (which they would be). It's free marketing for their location, and makes it a focal point in the downtown core.