CF Pacific Centre Developments

[theKB]

Originally Posted by Vin

Shows how incompetent they are. They made people think they could run this place better than Four Seasons Hotel, which clearly they can't. Funny thing is, after all these years, they still do not know what to do with this huge property.

This makes me wonder how fast they will fill the nordstrom store ultimately. CF clearly has deep enough pockets that they could wait for the interest rate environment to improve. They could also have fears of a slowdown this year and may want to wait for things to recover. These two marquee spots in downtown sitting empty is just an eyesore. Add in granville where the bay is along with seymore, the core retail area is looking rather sad.

[jollyburger]

Originally Posted by theKB

This makes me wonder how fast they will fill the nordstrom store ultimately. CF clearly has deep enough pockets that they could wait for the interest rate environment to improve. They could also have fears of a slowdown this year and may want to wait for things to recover. These two marquee spots in downtown sitting empty is just an eyesore. Add in granville where the bay is along with seymore, the core retail area is looking rather sad.

But CF invested the money into that old building to attract Nordstrom/Microsoft/Sony so I think they deserve some credit. I just want the Bay parkade block to be redeveloped.

[NewfBC]

Originally Posted by theKB

This makes me wonder how fast they will fill the nordstrom store ultimately. CF clearly has deep enough pockets that they could wait for the interest rate environment to improve. They could also have fears of a slowdown this year and may want to wait for things to recover. These two marquee spots in downtown sitting empty is just an eyesore. Add in granville where the bay is along with seymore, the core retail area is looking rather sad.

It's not just Pacific Centre.. they have huge empty Nordstrom spaces across the country.. Vancouver, Calgary, Toronto x2, Ottawa..

I think Oxford, with Yorkdale.. will have something way before CF.

Ron.

[officedweller]

Originally Posted by theKB

Add in granville where the bay is along with seymore, the core retail area is looking rather sad.

Two of the vacant at grade retail units at The Hudson are for the future Winners entrance (see retail thread).
That will liven up that stretch of Granville.

[officedweller]

Notice sent around the office.
I will be out of town that weekend.

DATE: February 5, 2024

ATTENTION: All Office Tenants - Pacific Centre and HSBC Building

WHAT: 609 Granville Rooftop Cooling Tower Replacement and Helicopter Transport

WHEN: Saturday, February 17 and Sunday, February 18 from 8:00 a.m. to 5:00 p.m. (both days)

WHY: Cadillac Fairview is undertaking a project to replace the existing rooftop cooling tower servicing 609 Granville. As part of this project, helicopter transport is required to assist with the removal and delivery of equipment. CF has retained an experienced and specialized contractor who has developed a comprehensive safety/traffic plan, which has been reviewed and approved by the City of Vancouver.

IMPACT: As this work is scheduled over the Family Day long weekend, we do not anticipate a significant impact to tenants. Those working in the building on these dates/times should take note of the following impacts:
• VPD/Traffic Control will be situated in the Granville & Dunsmuir, West Pender, West Hastings, and West Cordova Street intersections to manage vehicle and pedestrian traffic.
• Bus service along Granville St from West Cordova to Georgia will be temporarily re-routed to adjacent streets.
• As a precaution, the CF Terrace will be closed during the above noted dates and times.
• Tenants should expect intermittent noise associated with the helicopter use.

Please note, this helicopter transport is weather dependent and may change to the following weekend in the event of strong winds, heavy rain and/or snow. We will notify tenants of any change to the schedule.

[jollyburger]

Here's a FOI on the purchase of 701 West Georgia by CF. Most of it is redacted

https://vancouver.ca/files/cov/2023-528-release.pdf