Posted Sep 4, 2015, 10:59 PM
|
|
Registered User
|
|
Join Date: Jul 2001
Location: Vancouver
Posts: 41,612
|
|
Interesting article:
https://www.biv.com/article/2015/9/nordstrom-effect-set-change-face-granville-street-/
Quote:
Nordstrom effect to change face of Granville Street retail
Merchants court affluent shoppers and office workers while vacant space becomes more attractive
Glen Korstrom
Sept. 4, 2015, 12:19 p.m.
...
The evolution to a wealthier customer base is exciting nearby property owners and retailers while raising the profile of long-vacant space in the 800-block of Granville Street, south of Robson Street.
The 39,500-square-foot former Empire Granville 7 cinemas site at 855 Granville Street, for example, is the most glaring vacancy.
It had been rumoured as a potential site for an Indigo Books & Music store, given that the Toronto-based company closed a nearby 52,000-square-foot Chapters bookstore at the corner of Howe and Robson streets in early June.
Indigo, instead, signed a short-term lease on a 5,000-square-foot site at 816 Granville Street , replacing an Aldo shoe store within a month of that store’s closing.
“We are also still looking for a large-format store in downtown Vancouver,” Indigo spokeswoman Kate Gregory told Business in Vancouver. She would not rule out a potential move in the future to the former Empire Granville 7 site.
Downtown Vancouver Business Improvement Association (DVBIA) CEO Charles Gauthier believes it’s a testament to the attractiveness of the street that the Aldo vacancy was filled so fast.
Three separate buildings make up the Granville 7 site and are “arguably easiest to be leased as separate buildings,” according to Alastair Fergusson, Cushman & Wakefield associate vice-president of retail services.
Those buildings, which have 18,000, 12,000 and 9,500 square feet, have been empty since late 2012.
Other empty space in the block includes a site at 820 Granville Street that housed a Quicksilver store until about a year ago.
Landlord Kerry Bonnis, who owns Bonnis Properties with his brother, Dino Bonnis, told Business in Vancouver that Quicksilver continues to pay rent and rebuffed his attempt to get it to relinquish the space.
“They’re undergoing an internal restructuring,” Bonnis said, “and I think their plan is to reopen with the renewal of Nordstrom and the entire block.”
No one from Quicksilver was available for comment by press time.
Bonnis Properties owns six buildings in the 800-block of Granville Street, including the Commodore Ballroom, which Bonnis said it bought around the turn of the millennium.
The company also owns half of the 700-block of Granville Street, between the Vancouver block building and south to the corner, where Future Shop is preparing to rebrand as Best Buy.
“We’re closing in on two decades of putting our focus on Granville Street, so it’s great to see it all come to fruition,” he said.
Bonnis independently owns the five-location Café Crepe chain that operates a restaurant under Future Shop as well as a second Granville Street bistro in the 800 block.
...
|
https://www.biv.com/article/2015/9/nordstrom-effect-set-change-face-granville-street-/
***********
Quote:
Tsawwassen Mills aims to coast on McArthurGlen mall's success
McArthurGlen Phase 2, Tsawwassen Mills likely landing spots for future outlet retailers
Glen Korstrom
Sept 1, 2015
...
Bass Pro Shops is the only announced tenant at Tsawwassen Mills. Brown declined to say whether his mall is negotiating with either Saks or Nordstrom for outlet stores. But the mall’s composition is expected to be similar to that of other Ivanhoé Cambridge properties such as CrossIron Mills and Ontario’s Vaughan Mills, both of which will have Saks Off 5th outlet stores.
|
https://www.biv.com/article/2015/9/Tsawwassen-Mills-aims-to-coast-on-McArthurGlen-mal/
|
Prev
Linear Mode
