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Development, Retail

Richmond Walmart Deal Hits Buffer — Again

Plans for the $100 million Walmart-anchored shopping centre in West Cambie have once again hit a roadblock after city council’s planning committee refused to approve the project.

With only two of the five councillors on committee in support — Evelina Halsey-Brandt and Linda Barnes were in favour — the proposal was shunted back to city staff at the end of an occasionally heated two-and-half-hour meeting Tuesday.

The primary reason for stalling this time was planning chair Coun. Bill McNulty’s demand to know just how many people are expected to flock to the 14-acre shopping centre between Alderbridge Way and Alexandra Road, near Garden City Road.

It’s a factor that McNulty, whose motion it was to send the proposal back to staff, believes is critical to be aware of before he can consider sending the proposal to a public hearing.

“I’m in no rush to push this forward,” said McNulty of the now 10-year-old plans.

Read more at: http://www.richmond-news.com/news/update-richmond-walmart-deal-hits-buffer-again-1.627675#sthash.9EFCdDFB.dpuf

September 19, 2013by david.taylor@colliers.com
Retail

Retailer Simons Crashes Canada, One Door at a Time

La Maison Simons Inc. had been nestled in Quebec City for 159 years before fifth generation leader Peter Simons successfully expanded the retailer across the province.

But opening stores all the way to Vancouver is proving trickier for the president of the family-controlled business.

Simons is searching for prime locations in Toronto, Calgary, and Vancouver as a new wave of foreign chains chases the most attractive retail spaces. And the privately held company can’t tap into the markets to finance its heavy investments amid rising borrowing costs.

The retail institution well known in Quebec for its unique mix of cheap-chic private labels and pricier designer lines must make a name for itself west of the Ottawa River. Outside its home province, it operates only one store, at the West Edmonton Mall.

Read more: http://www.theglobeandmail.com/report-on-business/simons-crashes-canada-one-door-at-a-time/article14148615/

September 6, 2013by david.taylor@colliers.com
Retail

Guildford Town Centre’s $280-million Reno

Guildford Town Centre’s $280-million renovation driven by bid for young shoppers.

METRO VANCOUVER — The kids have wallets, and they don’t want to wait. As Surrey’s Guildford Town Centre unveils a $280-million expansion this week — with 70 new stores and a 1,034-seat food court — general manager Peggy White says that online shopping does not pose a real threat to modern shopping centres like hers.

When fashion-conscious 15- to 25-year olds go shopping, “they want to take (their purchase) home and wear it that night. Sometimes they wear it right out of the store,” White said.

Guildford owner/developer Ivanhoe Cambridge has assembled a sparkling new mix of stores — including Forever 21 (at 23,000 square feet), H&M (25,000 square feet), Victoria’s Secret, Sephora, Aritzia, The Lego Store and Disney Store — to woo young shoppers back from the glitter of downtown Vancouver’s Robson Street and Burnaby’s Metrotown.

The expansion increases retail space to 1.2 million square feet from 980,000, and includes a facelift for the existing mall, with waterfalls, soft seating, a much larger food court, and a giant 10,000-plant living wall that covers a connector straddling 104th Ave.

Read more: http://www.vancouversun.com/Guildford+Town+Centre+million+renovation+driven+young+shoppers/8836516/story.html#ixzz2dBCHZdju
August 27, 2013by david.taylor@colliers.com
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