Quote:
Originally Posted by stephan.richard
In Granite does anyone know what they are doing in the new plaza in the unit that is closest to Costco and what else is rumoured to go in there it seems sad that we haven’t seen a lot of movements. Plus when do they plan to build the other plazas.
Plus I seen that they started clearing out a street for Baron Heights phase 2 perhaps.
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Granite is a victim of the perfect storm of the combined retail apocalypse and the COVID pandemic.
There is a glut of retail vacancies in Moncton, and the Granite Centre and Wheeler Park in particular have been hard hit. I'm not sure when this glut will disappear (if ever).
There are two conditions which might stimulate action at the Granite Centre:
1) - If a second big box retailer shows up to supplement Costco as a draw. I know Home Hardware is arriving sometime in the next couple of years, but that is not enough. Another retailer like Decathlon might stimulate interest.
2) - Improved food options along the strip. The restaurant pad at the front needs something popular, like Jack Astors. If you had this, along with a Five Guys in that vacant retail strip, then the development could be resuscitated.
And, yes, the next phase of Barron Heights has started.