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Originally Posted by Van23H
Nordstrom is much more high end the Bay. Some Nordstroms house in-store boutiques for Chanel, Louis Vuitton, Gucci and Prada and etc... I believe there is room in the market for another high end department store. The Holt Renfrew in Vancouver is always in dead heat with the Bloor store for top sales. Plus we have a large asian population who are steady buyers and consumers of luxury goods and create a stable market coupled with wealthy tourists. I think the addition of Nordstrom would help to create some healthy competition in Vancouver while offering us more options in a currently brand skimpy shopping environment. The closure of Sears offers new and exciting opportunities in the Vancouver retail landscape and I look forward to seeing what happens to the building in the near future.
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Nordstrom operates somwhere between the Bay and Holts in terms of high end offerings. It would fill a nice niche in Canada where I think they would do quite well, and clearly they feel the same way.
There is little reason for Neiman Marcus to come to Canada as tey would be in direct competition with Holts which is already well established and serves the high end relatively well.
Quote:
Originally Posted by logan5
this most certainly cannot be the big big news, because the last article i read on the sears building said that it could support an office tower at least the size of td tower right next door. everybody knew sears was going down.
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Quote:
Originally Posted by Metro-One
I fee the same, if this is the big big news, i feel a little cheated, hehe, was hoping for a 600 foot + office tower.
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Jesus you guys are tough to please. Everyone spends years on this site bitchig about the Sears building and how they want it gone, it finally happens and all you can say is the news wasn't big enough.
I give up.
Quote:
Originally Posted by SpongeG
one of the friends on my facebook was discussing the sears building and a lot of the people wanted to see the VAG take it over - some just wanted it to get washed
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Well I'm sure the VAG would love the space, but given how much CF spent getting Sears out you can imagine how they aren't very excited to just fire off the space to someone who is going to pay little to no rent.
First choice is clearly Nordstrom, if that doesn't pan out you can be certain they have several other options to justify the buyout.