The Metro Vancouver Retail Thread - Page 755

djh · #**15081** Posted **Oct 16, 2020, 5:11 PM**

Quote:

Originally Posted by jollyburger

4020 Cambie is on sale for $8.1 million:

https://www.spacelist.ca/listings/20...4020_cambie_st

That website doesn't show any floorplans for which building is for sale, and the only photo is an aerial photo of the general area, and Google maps identifies 4020 Cambie as being the tea place I think. But I am going to presume that for $8m, the property being sold is probably the whole building, including the tea place, plus the Copa Cafe next door to it.

Can anybody confirm?

jollyburger · #**15082** Posted **Oct 16, 2020, 5:48 PM**

Quote:

Originally Posted by djh

That website doesn't show any floorplans for whi h building is for sale, and the only photo is an aerial photo of the ge real area, and Google maps identifies 4020 as being the tea place I think. But I am going to presume that for $8m, the property being sold is probably the whole building, including the tea place, plus the Copa Cafe next door to it.

Can anybody confirm?

It's the entire building. The lot is specified in the PDF.

https://sl2-prod.s3.amazonaws.com/us...pdf?1568404831

The rest of the block across the street was listed for $14 million and was sold (not sure when)

http://www.database.land/Land/listing-detail/95

SpongeG · #**15083** Posted **Oct 19, 2020, 7:28 AM**

I went to Coquitlam Centre today, I think its only the second time I have gone since covid hit in March. It was like black friday busy. A lot of the stores had long lineups, lululemon, Aritzia, Bath & Body Works, Apple etc. and Uniqlo was probably the longest must have had over 30 people lined up to get in there.

A few stores have changed, Henrys Cameras has closed up. Did they fail to launch in BC? the only store left in BC is the Broadway store.

connect2source · #**15084** Posted **Oct 19, 2020, 1:41 PM**

Swimco goes bankrupt closes all stores.

https://www.retail-insider.com/retai...after-45-years

connect2source · #**15085** Posted **Oct 19, 2020, 1:43 PM**

Quote:

Originally Posted by SpongeG

A few stores have changed, Henrys Cameras has closed up. Did they fail to launch in BC? the only store left in BC is the Broadway store.

I know someone quite close to Henry's Cameras and according to him they've been in trouble for a while and began closing stores earlier this year. The Coquitlam Centre store was open less than a year I believe.

bluefox · #**15086** Posted **Oct 19, 2020, 2:59 PM**

Quote:

Originally Posted by connect2source

I know someone quite close to Henry's Cameras, they been in trouble for a while and began closing stores earlier this year. The Coquitlam Centre store was open less than a year I believe.

Not that there can't be room for more than one of the same type of store in a regional mall, but perhaps the Coquitlam store not doing well just comes down to Kerrisdale Camera being well-established in there already -- and there being a few other places like London Drugs to shop for camera equipment?

SpongeG · #**15087** Posted **Oct 19, 2020, 7:55 PM**

Quote:

Originally Posted by connect2source

Swimco goes bankrupt closes all stores.

https://www.retail-insider.com/retai...after-45-years

yea that store was closed too, they had a letter on the door about them closing after 45 years.

there was a new shop called Bodyfriend in the old Ronsons shoe space that sells Korean chairs

• Video Link

Vin · #**15088** Posted **Oct 19, 2020, 7:59 PM**

Quote:

Originally Posted by SpongeG

I went to Coquitlam Centre today, I think its only the second time I have gone since covid hit in March. It was like black friday busy. A lot of the stores had long lineups, lululemon, Aritzia, Bath & Body Works, Apple etc. and Uniqlo was probably the longest must have had over 30 people lined up to get in there.

A few stores have changed, Henrys Cameras has closed up. Did they fail to launch in BC? the only store left in BC is the Broadway store.

Well, what can I say? It's a urban centre mall with easy public transportation access, lots of parking space and located smack in the middle of high-density residential/commercial zone. It has to be busy.

officedweller · #**15089** Posted **Oct 19, 2020, 9:56 PM**

Quote:

Originally Posted by SpongeG

... It was like black friday busy. A lot of the stores had long lineups, lululemon, Aritzia, Bath & Body Works, Apple etc. and Uniqlo was probably the longest must have had over 30 people lined up to get in there.

Well, artificially busy due to maximum capacities.
Similar to how nightclubs create a line-up - but here it's mandatory.

jollyburger · #**15090** Posted **Oct 19, 2020, 11:43 PM**

Quote:

Originally Posted by bluefox

Not that there can't be room for more than one of the same type of store in a regional mall, but perhaps the Coquitlam store not doing well just comes down to Kerrisdale Camera being well-established in there already -- and there being a few other places like London Drugs to shop for camera equipment?

Probably had more to do with their chain wide problems than the performance of Coquitlam considering that it just opened and they are new to the market.

jollyburger · #**15091** Posted **Oct 19, 2020, 11:53 PM**

They have signage up for the new Kit & Ace at their renovated building down in Gastown.

jollyburger · #**15092** Posted **Oct 20, 2020, 1:00 AM**

Some tidbits about HBC:

Quote:

The Hudson’s Bay Company has announced the launch of a real estate arm to capitalize on assets at a challenging time for the company. The division, called HBC Properties and Investments, will look to convert some of Hudson’s Bay’s real estate into mixed-use developments.
Larco, owner of Park Royal in West Vancouver, is suing HBC for outstanding rents estimated to be about $365,000 and growing. Hudson’s Bay’s monthly rent is about $61,000 at Park Royal.

And CBRE is still trying to sell their Vancouver store.

https://www.retail-insider.com/retai...-estate-assets

SpongeG · #**15093** Posted **Oct 20, 2020, 5:28 AM**

Kins Farm Market at Guldford Town Centre has closed down. They were always good for produce.

Vin · #**15094** Posted **Oct 20, 2020, 7:36 PM**

Microsoft store in Pacific Centre items finally being liquidated as we speak. I wonder who will take over that store, which is quite a sizeable one.

Vin · #**15095** Posted **Oct 22, 2020, 10:12 PM**

More Vancouver wooden retail shanties going up in flames. So much for the "Village" vibe the City is trying to cultivate and promote for most of the shopping streets.

Quote:

Vancouver fire crews battling three-alarm blaze on Broadway and Main Street (VIDEO)

https://dailyhive.com/vancouver/vanc...ay-main-street

WarrenC12 · #**15096** Posted **Oct 22, 2020, 10:26 PM**

Quote:

Originally Posted by Vin

More Vancouver wooden retail shanties going up in flames. So much for the "Village" vibe the City is trying to cultivate and promote for most of the shopping streets.

Malls never burn down, amirite? Honestly why do you try any link everything to a City policy and complain that it's a bad one.