[Burnaby] The Amazing Brentwood | 15 Towers | 186m | 56 flrs | U/C & Proposed - Page 322

jollyburger · #**6421** Posted **Jan 6, 2025, 1:02 AM**

Quote:

Originally Posted by SpongeG

is Suit Supply ever going to open? are they stuck in some kind of agreement that they can't get out?

The founder last October bought out a major investor and said they are using the refinancing to open new shops. Someone on Reddit says they've scaled back their Canadian expansion plans to focus on the US..

https://www.retaildetail.eu/news/fashion/suitsupply-founder-buys-out-investor/

LeftCoaster · #**6422** Posted **Jan 10, 2025, 10:17 PM**

L Catterton just divested their 35% interest in Amazing Brentwood.

RIP to all those who thought this was the next lux node.

officedweller · #**6423** Posted **Jan 11, 2025, 1:58 AM**

That's no surprise.
The existing tenants are all sportswear, entertainment or restaurants, and the revised plans look to have reduced retail areas.

jollyburger · #**6424** Posted **Jan 11, 2025, 2:14 AM**

^^ When you have too much money and don't know what to do with it.

Spr0ckets · #**6425** Posted **Jan 11, 2025, 2:20 AM**

So wait,......The Amazing Brentwood is not going to be the next Yaletown or the Alberni st. of the suburbs?

It's always funny how when these developments first get proposed they get marketed as some highstreet, lux retail-type destination of the sticks and of the Metro region,.....always forgetting that if any Yaletown types actually want to live in Yaletown........they'll choose to go and live in Yaletown.......and not in some Yaletown clone or wannabe in the 'burbs.

whatnext · #**6426** Posted **Jan 11, 2025, 2:23 AM**

Quote:

Originally Posted by Spr0ckets

So wait,......The Amazing Brentwood is not going to be the next Yaletown or the Alberni st. of the suburbs?

It's always funny how when these developments first get proposed they get marketed as some highstreet, lux retail-type destination of the sticks and of the Metro region,.....always forgetting that if any Yaletown types actually want to live in Yaletown........they'll choose to go and live in Yaletown.......and not in some Yaletown clone or wannabe in the 'burbs.

It’s the next Front Street in New West dontcha know.

jollyburger · #**6427** Posted **Jan 11, 2025, 2:41 AM**

But I mean when they did come in you assumed they would do something... I mean like anything... I wonder where things fell apart.

officedweller · #**6428** Posted **Jan 11, 2025, 2:57 AM**

Quote:

Originally Posted by jollyburger

But I mean when they did come in you assumed they would do something... I mean like anything... I wonder where things fell apart.

Although North Burnaby is the more affluent area in Burnaby, they probably just couldn't compete with Oakridge in attracting the high end tenants, since Oakridge is closer to a larger affluent population on Vancouver's West Side.

There would only be market share for one non-downtown high end centre in the Lower Mainland, and Oakridge won. If they had been successful in attracting a Holt Renfrew or Saks 5th Ave. store, then that could have been a catalyst for other high end stores, but that did not happen.

I also expect that they closely monitored Sporting Life (which originally carried high end lines) and when sales did not materialize, that would have confirmed the absence of the high end market in the area.

The quality / design of the build-out of the retail spaces certainly was not the problem.

SpongeG · #**6429** Posted **Jan 17, 2025, 1:38 AM**

For what it is as is, it's not bad. My typical stop by is usually on a Friday evening. All the restaurants are busy, and the Starbucks is always full. Retail-wise, it's not a draw, but it's nice to browse a few things. They put on a lot of community-style events, which are popular. They are good at being social. I think from a shoppers point of view maybe if there were some better idea as to the future would be helpful, cause you do overhear people talking about the mall inside being so empty and dead, its not really clear that its going to be changed completely. The new towers going up are adding some nice depth as you come in from the west.

Jebby · #**6430** Posted **Jan 17, 2025, 9:59 PM**

How many units/residents does the development already have? It's got to be far less than 50% of the full buildout, right?

53064043 · #**6431** Posted **Jan 17, 2025, 10:35 PM**

Quote:

Originally Posted by SpongeG

For what it is as is, it's not bad. My typical stop by is usually on a Friday evening. All the restaurants are busy, and the Starbucks is always full. Retail-wise, it's not a draw, but it's nice to browse a few things. They put on a lot of community-style events, which are popular. They are good at being social. I think from a shoppers point of view maybe if there were some better idea as to the future would be helpful, cause you do overhear people talking about the mall inside being so empty and dead, its not really clear that its going to be changed completely. The new towers going up are adding some nice depth as you come in from the west.

I hope their leasing team has some news on some new tenants on the new side of the mall. It feels a bit incomplete right now, especially with the leases running out on the old part of the mall. We just saw Purdy's and several other places close since Christmas, and it looks like the Shoe Company's lease is coming up soon and not being renewed too. I feel like Gilmore Place's leasing team is running laps around Shape right now.

On another note, the sublease for the old Basil Box location is $17,000/month... I don't know what type of establishment could afford that in that space (source)

Lexus · #**6432** Posted **Jan 17, 2025, 11:10 PM**

2025, Jan 17

Untitled by Lexus LX, on Flickr

jollyburger · #**6433** Posted **Jan 17, 2025, 11:25 PM**

Quote:

Originally Posted by 53064043

I hope their leasing team has some news on some new tenants on the new side of the mall. It feels a bit incomplete right now, especially with the leases running out on the old part of the mall. We just saw Purdy's and several other places close since Christmas, and it looks like the Shoe Company's lease is coming up soon and not being renewed too. I feel like Gilmore Place's leasing team is running laps around Shape right now.

On another note, the sublease for the old Basil Box location is $17,000/month... I don't know what type of establishment could afford that in that space (source)

But I think with the new revised towers for Amazing Brentwood makes the commercial component even less important (unless the strata/rental market falls off a cliff). Once more towers get built they'll still have a better customer base catchment than Gilmore Place.

Changing City · #**6434** Posted **Jan 18, 2025, 1:41 AM**

Quote:

Originally Posted by Jebby

How many units/residents does the development already have? It's got to be far less than 50% of the full buildout, right?

The six towers so far completed or under construction have over 3,000 units, and would be around 75% of the original 2012 masterplan. The new masterplan adds towers, height and density, and depending on what Shape eventually decide to build, is likely be around double the 2012 plan in terms of residential space. That means the existing development is less than 50% of the likely revised final buildout, assuming all 15 towers eventually get built.

SpongeG · #**6435** Posted **Jan 18, 2025, 1:44 AM**

I commute past almost every weekday since Highway 1 is just a pain. The amount of pedestrian traffic between Brentwood station and TAB and the new concord towers to the east is constant, always people walking between the two areas. With the completion of Brentwoood Block and The Yards its really going to be lively. With TAB it has created a nice base of offerings and the whole area will really feel more complete, already it feels much more of a city vibe than Metrotown, Kingsway doesn't really have much vibe despite offering more variety along it.

WJ_Fan_147 · #**6436** Posted **Jan 20, 2025, 6:29 PM**

London Drugs appears to be moving from the interior into the space across from the grand lobby beside LL bean.

gaviscon · #**6437** Posted **Jan 20, 2025, 10:56 PM**

Quote:

Originally Posted by SpongeG

I commute past almost every weekday since Highway 1 is just a pain. The amount of pedestrian traffic between Brentwood station and TAB and the new concord towers to the east is constant, always people walking between the two areas. With the completion of Brentwoood Block and The Yards its really going to be lively. With TAB it has created a nice base of offerings and the whole area will really feel more complete, already it feels much more of a city vibe than Metrotown, Kingsway doesn't really have much vibe despite offering more variety along it.

It's because the major developments for the past few years in Metrotown
have been concentrated in the residential areas.

But if you look at Station Square, it's quite lively even without a connected mall like the Amazing Brentwood.
If you imagine the Amazing Brentwood without the mall, it's quite dead.

The pedestrian traffic inside the Metropolis Mall will spill into Kingsway when we start to take it down.

IMO, Brentwood won't improve as much as Metrotown and will feel more like an activated condo town after the next decade of developments take place.

griswold · #**6438** Posted **Jan 21, 2025, 6:04 AM**

[deleted]

officedweller · #**6439** Posted **Feb 14, 2025, 10:50 PM**

From the Concord thread...

Quote:

Originally Posted by djmk

daily hive reporting that the old brentwood including london drugs is closing at the end of Spring

https://dailyhive.com/vancouver/burnaby-brentwood-town-centre-closing-spring-2025

djmk · #**6440** Posted **Feb 14, 2025, 11:23 PM**

yes, this thread would make more sense. thanks