Quote:
Originally Posted by Wolf13
The Martens boys don't own it, it's been owned by Artis for a while.
That said, Artis can take a good look at the Marketplace and invest similarly, or yes, let the Forks have it.
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From what I've heard, The Forks has no interest in owning the Johnston Terminal. They own the land it's on and make some money there. There's always vacancies in the retail areas, and they don't want to deal with 2 floors of office tenants. Don't forget nothing has even take the Finns spot, which you would think would be a prime location. Big issue is the lack of ventilation for a proper kitchen is a huge cost hurdle.
This could change in 5 years when there's more buildings (and residents) at The Forks, and demand is higher, but right now it just doesn't make sense to take that on. And at that point, Artis would likely want to keep it, and invest in modernizing it.