Posted Oct 6, 2018, 7:36 PM
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Join Date: May 2009
Location: Moncton NB
Posts: 2,750
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Quote:
Originally Posted by billy1
Sears building sold and will be redeveloped into retail centre.
"A local developer is planning to purchase the Sears property in Charlottetown and convert it into a "power centre" featuring retail stores.
"We've got a contractual agreement with the trustee to purchase the building," said Tim Banks, CEO of APM Group.
Also included are about six hectares of land, Banks said."
"By subdividing the 109,000-square-foot Sears building and developing the accompanying land, Banks said there could be room for at least 10 stores."
Source; https://www.cbc.ca/news/canada/prince-edward-island/pei-sears-tim-banks-apm-1.4850812
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Is there even enough stores not currently in the market or that the market could support a second location of to fill this?
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