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

[officedweller]

Originally Posted by Spr0ckets

...

A lot of the service-type retailers and service oriented businesses that you're hinting at (like hairdressers) are the ones that were most adversely affected by people not wanting to be out among strangers or crowds and having physical contact without protection (or even with). So no surprise that that's where they're struggling finding tenants.
...

I was thinking that a good number of the tenants who seem to stuck around ARE the service sector ones.
May be due to lower start-up costs?

[GeeCee]

Originally Posted by Klazu

It's pretty incredible that there is no hotel space planned with any of the Brentwood developments. There is high demand for it after what Vancouver is doing and there are many businesses in the area that will have business travelers. I forget, did the planned hotel below Highline in Metrotown get converted to offices or not?

The hotel and casino complex just down by BCIT got a pretty substantial renovation about a decade ago. I've never been in there, but I imagine that it serves the area's (or at least Still Creek's business park) hotel needs decently enough.

[jollyburger]

Originally Posted by Klazu

It's pretty incredible that there is no hotel space planned with any of the Brentwood developments. There is high demand for it after what Vancouver is doing and there are many businesses in the area that will have business travelers. I forget, did the planned hotel below Highline in Metrotown get converted to offices or not?

Seems like offices.

[NewfBC]

Originally Posted by Klazu

It's pretty incredible that there is no hotel space planned with any of the Brentwood developments. There is high demand for it after what Vancouver is doing and there are many businesses in the area that will have business travelers. I forget, did the planned hotel below Highline in Metrotown get converted to offices or not?

There's a Delta at Willingdon, Element and Hilton at Metrotown.

Ron.

[Changing City]

As we all know, the response to Covid 19 has altered working arrangements in terms of more Working from Home, and has significantly enhanced use of remote conferencing technology between locations replacing most in-person meetings. It's still entirely unclear how that all settles once the pandemic is over - or at least reduced in it's impact so that 'a new normal' of working pattern emerges.

Airlines are definitely anticipating losing a lot of business class revenue for the time being, and presumably that equally applies to business hotel use. It's not clear how it will change the Conference industry - maybe very little in the longer term - but it could mean there's a significant change to business meetings in suburban locations. It's likely tourism will be back, and we're seeing new hotels proposed in Vancouver associated with hospitals, but it's not clear yet what other demand there might be.

I would be surprised to see any business-class hotel proposed in Burnaby for a while. There's a need for more budget level hotels across the region, and ideally they'd be located close to transit, but it's hard to see how they could be developed with land values as high as they are for residential development, especially as most transit locations allow high-rise apartments. Maybe we could see a few of the budget chains coming to locations outside the central municipalities, where they could build five or six storey woodframe?

[djmk]

Originally Posted by Changing City

Maybe we could see a few of the budget chains coming to locations outside the central municipalities, where they could build five or six storey woodframe?

I think modular is the future for hotel construction.

[Changing City]

Originally Posted by djmk

I think modular is the future for hotel construction.

You might be right. There's a Canadian company with a Vancouver office, who manufacture steel-framed modules in China, and successfully constructed a hotel in Iqaluit. There's also Horizon North who manufactured the temporary modular housing we're seeing throughout the region, (although they generally aren't stacked as high, and they don't seem to have ever built a hotel). Codes are different here, but this example from New York shows what might be achievable. (There are taller modular hotel projects there that have stalled though).

As always here, it's the cost of land that makes a commercial project difficult to pencil out, and hard to compete with purely residential. Hotels in Vancouver are only allowed Downtown and in some C-zones (where residential is also usually permitted). It looks as if Burnaby is similarly restrictive.

[SpongeG]

Originally Posted by Spr0ckets

I think everyone (i.e landlords) is having a hell of a rough time now finding and getting retailers and commercial tenants, given the current circumstances.

All one needs to do is take a look at the number of vacancy signs that have popped up everywhere even in the heart of downtown Vancouver.

Which said, now is probably not the best time to gauge what the commercial (and spending) market is like at the moment, to the degree that it's affecting Shape or whether what they're experiencing is out of the norm.

They did have very rotten misfortune in having completed the main parts of the commercial and retail plaza just as the pandemic hit, followed by the lockdown and now the meltdown of the retail market,...and shutdown of indoor dining,...etc..

A lot of the service-type retailers and service oriented businesses that you're hinting at (like hairdressers) are the ones that were most adversely affected by people not wanting to be out among strangers or crowds and having physical contact without protection (or even with). So no surprise that that's where they're struggling finding tenants.

I think next year and specifically next summer after the pandemic is over (hopefully) and most people are vaccinated and want to go out and spend time outside again, will be a better time to assess the real difficulty in getting tenants and retailers (of whatever caliber) for their units.

Brentwood is 90% leased according to Shape. They don't seem to want to fill the old mall as it will be undergoing extensive renovations at some point, ie the roof being taken off, weird move.

The old Sears spot was supposed to get a Tesla in it, has that fallen apart now?

Eventually that part will get demolished so no point walmart or anything moving into the space.

[NetMapel]

Originally Posted by SpongeG

Brentwood is 90% leased according to Shape. They don't seem to want to fill the old mall as it will be undergoing extensive renovations at some point, ie the roof being taken off, weird move.

The old Sears spot was supposed to get a Tesla in it, has that fallen apart now?

Eventually that part will get demolished so no point walmart or anything moving into the space.

Y'all please give energy to T&T or another good Asian super market chain to open up in that spot Brentwood is in need of an Asian super market and that's a fact! Look at that parking lot right in front of the Sears entrance there... perfect for carrying grocery to your car

[Diegotheartist1]

Originally Posted by NetMapel

Y'all please give energy to T&T or another good Asian super market chain to open up in that spot Brentwood is in need of an Asian super market and that's a fact! Look at that parking lot right in front of the Sears entrance there... perfect for carrying grocery to your car

I did mentioned before that one of the levels of the former Eatons/Sears outlet could occupy big retailers like Loblaws, therefore T&T is part of Loblaws' line of stores. I do agree with you, Brentwood definitely needs an Asian supermarket.

[SpongeG]

again the space where you people want it will be demolished in a matter of years. Spirit of Halloween is the only business who would move in with those odds.

[officedweller]

and Accents at Home, which is also in the Sears.

[Spr0ckets]

Originally Posted by SpongeG

Brentwood is 90% leased according to Shape. They don't seem to want to fill the old mall as it will be undergoing extensive renovations at some point, ie the roof being taken off, weird move.

The old Sears spot was supposed to get a Tesla in it, has that fallen apart now?

Eventually that part will get demolished so no point walmart or anything moving into the space.

Last I heard, Tesla was shuttering all their physical outlet locations and presentation shops (except ones that have maintenance services) in Canada.

So the answer to that would probably be a yes.


I believe the one on 4th and Fir is probably going to be one of the only ones still in open and in operation for the GVA, and probably one or two others only.

I could be wrong and I'm happy to be corrected (full disclosure : I'm not a Tesla owner or driver)

[zahav]

Isn't there an Exeuctive Hotel near Brentwood? On a big juicy lot too, I could see that being redeveloped with a new (larger) Executive Hotel in the lower floors. Executive is both a hotel and condo builder, so would be perfect

[SpongeG]

Originally Posted by Spr0ckets

Last I heard, Tesla was shuttering all their physical outlet locations and presentation shops (except ones that have maintenance services) in Canada.

So the answer to that would probably be a yes.


I believe the one on 4th and Fir is probably going to be one of the only ones still in open and in operation for the GVA, and probably one or two others only.

I could be wrong and I'm happy to be corrected (full disclosure : I'm not a Tesla owner or driver)

Tesla is opening a new showroom in Langley.

[SpongeG]

Originally Posted by zahav

Isn't there an Exeuctive Hotel near Brentwood? On a big juicy lot too, I could see that being redeveloped with a new (larger) Executive Hotel in the lower floors. Executive is both a hotel and condo builder, so would be perfect

there were renders and plans for that hotel site years ago, but it never happened.

[officedweller]

Originally Posted by SpongeG

there were renders and plans for that hotel site years ago, but it never happened.

This?
https://www.buzzbuzzhome.com/ca/bc-metro-residential-project

Seems under-sized.

[SpongeG]

yea, it was quite a long time ago.

[WarrenC12]

Originally Posted by Spr0ckets

Last I heard, Tesla was shuttering all their physical outlet locations and presentation shops (except ones that have maintenance services) in Canada.

So the answer to that would probably be a yes.


I believe the one on 4th and Fir is probably going to be one of the only ones still in open and in operation for the GVA, and probably one or two others only.

I could be wrong and I'm happy to be corrected (full disclosure : I'm not a Tesla owner or driver)

No, they are opening sales/service centers. There's one across from Costco in Richmond that was recently opened, and they took over a Langley dealership (as mentioned above). West 4th and Park Royal are still open, no indication they will close. Vancouver has huge per capita Tesla sales and ownership levels, easily the top in Canada.

I thought Brentwood had been identified as a new Supercharger site a while back, but that seems to have fallen apart as well. I'm not sure what's going on.

[VarBreStr18]

Originally Posted by NetMapel

Y'all please give energy to T&T or another good Asian super market chain to open up in that spot Brentwood is in need of an Asian super market and that's a fact! Look at that parking lot right in front of the Sears entrance there... perfect for carrying grocery to your car

I guarantee if they announce an Asian grocery store at the same time they market T5, it will sell like hot cake. A grocery store is the only retail missing in this gigantic transit oriented development. Honest TAB is arguably the best location in all of Brentwood in terms of soil condition, noise and electromagnetic interference. They can even jagged up their price and they will sell.