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  #11321  
Old Posted May 18, 2017, 8:26 PM
officedweller officedweller is offline
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Quote:
Originally Posted by jollyburger View Post
Details on the Taubman development proposal:

http://council.vancouver.ca/previous...981203/pe3.htm
Nice find, thanks!

The retail policy from that report:

Quote:
The 1991 Central Area Plan Retail Policy # 5.1 promotes "a variety of viable retail districts by limiting retail concentration". That policy requires a retail impact assessment at a threshold size of 100,000 sq. ft.(9300 m2) . Three current proposals exceed that size. Therefore, cumulative implications for future downtown retail patterns must be assessed (see Appendix A, attached).

This Retail Policy defines objectives for street orientation of retail development in the downtown to serve the primarily pedestrian oriented needs of downtown residents, workers and tourists. Both existing and emerging retail areas are seen to serve these needs. This study should focus on the cumulative potential of these new proposals to contribute to, or detract from, these objectives.
http://council.vancouver.ca/previous...981203/pe3.htm

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Originally Posted by Sheba View Post
The Bay Parkade site would be a great place to see a retail podium with a tower above - but will it happen?

Does the downtown of everywhere outside of CoV still count as the burbs? A lot of areas are building up and becoming quite urban.
I think it'll depend on whether the City allows Holborn to close or divert the alley.
If the alley stays in place, the only way to include a mall corridor would be to have it under or over the alley - but would Holborn consider that viable?

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  #11322  
Old Posted May 18, 2017, 8:35 PM
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The Royal Centre plans were from about 2011 I think.
These are from an Avison Young brochure I have.
It would be interesting if the corner banking pavilion were in play.





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  #11323  
Old Posted May 21, 2017, 5:33 AM
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Originally Posted by officedweller View Post
2) The Taubmann Group proposed a downtown mall on the current Spectrum/Costco site. I can't recall, but that either died for being too far from the core or because the City did not approve.
My understanding is that the City were willing to consider the Taubman project, and had started to initiate the necessary policy studies by consultants (urban design, retail impact etc) when the executive from Taubman running the project died in a car accident, and the project went with him.

Taubman had other issues at the time, the investigation into the company's head, A Alfred Taubman was around that time. As well as his real estate empire, at the time he controlled Southeby's auction house, and he eventually ended up going to jail in 2002 for price fixing with supposed rival Christie's.
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  #11324  
Old Posted May 23, 2017, 8:32 PM
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Thanks for the back story.
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  #11325  
Old Posted May 25, 2017, 5:06 AM
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La Maison Valemont Opens 4th Global location in Vancouver



Pricey Swiss cellular skincare brand Valmont has opened its fourth La Maison Valmont in the world, at Vancouver’s upscale Oakridge Centre. More Canadian locations could follow, though growth will be slow as the company tests out the new format in various global markets.

Valmont was founded in Switzerland in 1985 by husband-wife team Didier and Sophie Guillon, and the brand is known for its high-performing anti-aging product range, with substantial price tags. Some creams cost in excess of $600 each. The brand is distributed globally in upscale retailers, including at Holt Renfrew and Saks Fifth Avenue in Canada.

...

Valmont’s first two La Maison Valmont locations opened in early 2016 — in Berlin, Germany and in Hong Kong. A Tokyo boutique opened in a new retail plaza in the city’s popular Ginza district last month, on April 20.

...

http://www.retail-insider.com/retail...2017/4/valmont
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  #11326  
Old Posted May 29, 2017, 6:24 PM
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Miniso opened at Tsawwassen Mills on saturday
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  #11327  
Old Posted May 29, 2017, 9:35 PM
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Originally Posted by idunno View Post
Word along the grapevine is that Royal Centre had recently explored some expansion/redesign, but did not move forward with due to the apparent high costs.

It's a shame, because Royal Centre has a lot of potential, with its direct Skytrain connection, large footprint, and wide Georgia St. frontage.
I agree. The problems with the mall lie solely with management (both the current and the previous managers). The annual rent increases are untenable. Over the past six years, numerous tenants have moved from the mall because of the truly stratospheric increases and the units sit empty. Jardines left three years ago - empty. The fashion jewellery store also left three years ago and its still empty. Geez - Merle Norman left so long ago people were still wearing glitter eyeliner - the space is still empty. Recently, two businesses that were in the mall for more than 35 years walked because they just couldn't deal with the 8th straight year of 30%+ increase in the rent. Management does little, if anything to attract new tenants and those that they bring in do nothing to increase traffic (ie flight centre). The food court seems to do OK, but the main floor is rapidly becoming a dead loss - Giorgios is now gone. Flight Centre leaves on Wednesday. It's hopeless and IT SHOULDN'T be. You're right - practically at the door of the Skytrain and just floundering. Disinterested owners and with Rexall, Tim's and Starbucks willing to pay the ransom - disinterested management.
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  #11328  
Old Posted May 29, 2017, 11:50 PM
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Originally Posted by hrhsheba View Post
I agree. The problems with the mall lie solely with management (both the current and the previous managers). The annual rent increases are untenable. Over the past six years, numerous tenants have moved from the mall because of the truly stratospheric increases and the units sit empty. Jardines left three years ago - empty. The fashion jewellery store also left three years ago and its still empty. Geez - Merle Norman left so long ago people were still wearing glitter eyeliner - the space is still empty. Recently, two businesses that were in the mall for more than 35 years walked because they just couldn't deal with the 8th straight year of 30%+ increase in the rent. Management does little, if anything to attract new tenants and those that they bring in do nothing to increase traffic (ie flight centre). The food court seems to do OK, but the main floor is rapidly becoming a dead loss - Giorgios is now gone. Flight Centre leaves on Wednesday. It's hopeless and IT SHOULDN'T be. You're right - practically at the door of the Skytrain and just floundering. Disinterested owners and with Rexall, Tim's and Starbucks willing to pay the ransom - disinterested management.
I think the lack of new retail space is one of the biggest reasons why the existing retail owners are able to charge ridiculous lease rates. An abundant supply will surely force them to scale back the rental rates.
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  #11329  
Old Posted May 30, 2017, 12:45 AM
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Originally Posted by Vin View Post
I think the lack of new retail space is one of the biggest reasons why the existing retail owners are able to charge ridiculous lease rates. An abundant supply will surely force them to scale back the rental rates.
Government should make 5,000,000 million square feet of commercial space downtown and kill rental rates. Make it happen.
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  #11330  
Old Posted Jun 1, 2017, 6:54 PM
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Quote:
Originally Posted by hrhsheba View Post
I agree. The problems with the mall lie solely with management (both the current and the previous managers). The annual rent increases are untenable. Over the past six years, numerous tenants have moved from the mall because of the truly stratospheric increases and the units sit empty. Jardines left three years ago - empty. The fashion jewellery store also left three years ago and its still empty. Geez - Merle Norman left so long ago people were still wearing glitter eyeliner - the space is still empty. Recently, two businesses that were in the mall for more than 35 years walked because they just couldn't deal with the 8th straight year of 30%+ increase in the rent. Management does little, if anything to attract new tenants and those that they bring in do nothing to increase traffic (ie flight centre). The food court seems to do OK, but the main floor is rapidly becoming a dead loss - Giorgios is now gone. Flight Centre leaves on Wednesday. It's hopeless and IT SHOULDN'T be. You're right - practically at the door of the Skytrain and just floundering. Disinterested owners and with Rexall, Tim's and Starbucks willing to pay the ransom - disinterested management.
The funny thing is that if you go back far enough, the Royal Centre was really successful way back in the 90's when there was extremely strong tourism from Japan that stayed at the Hyatt. Lots of stores that got traffic from the tourists meriting stores to open quite early and stay open late so people could shop before heading on tour busses. The Asian economic crisis hit and then that mall floundered ever since. A few successful things (starbucks, mcdonalds, tim hortons and the food court) but really that place desperately needs a refresh. There is huge opportunity as the luxury shopping area expands in that area.
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  #11331  
Old Posted Jun 1, 2017, 8:19 PM
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Originally Posted by theKB View Post
The funny thing is that if you go back far enough, the Royal Centre was really successful way back in the 90's when there was extremely strong tourism from Japan that stayed at the Hyatt. Lots of stores that got traffic from the tourists meriting stores to open quite early and stay open late so people could shop before heading on tour busses. The Asian economic crisis hit and then that mall floundered ever since. A few successful things (starbucks, mcdonalds, tim hortons and the food court) but really that place desperately needs a refresh. There is huge opportunity as the luxury shopping area expands in that area.
So very true. Huge potential here. When the new convention centre was being planned, I was hoping it would have a huge underground retail portion with good links to the Waterfront Centre, as well as the underground mall link all the way to Royal Centre. Alas, that did not happen.
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  #11332  
Old Posted Jun 1, 2017, 10:56 PM
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Lindt store to open at Credit Suisse-owned Exchange Building:

http://dailyhive.com/vancouver/lindt...town-vancouver
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  #11333  
Old Posted Jun 2, 2017, 2:26 AM
Conrad Yablonski Conrad Yablonski is offline
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Originally Posted by theKB View Post
The funny thing is that if you go back far enough, the Royal Centre was really successful way back in the 90's when there was extremely strong tourism from Japan that stayed at the Hyatt. Lots of stores that got traffic from the tourists meriting stores to open quite early and stay open late so people could shop before heading on tour busses. The Asian economic crisis hit and then that mall floundered ever since.
Yes I remember it well-there were a few stores like that on Robson & Hornby too IIRC.
Quote:
Originally Posted by theKB View Post
A few successful things (starbucks, mcdonalds, tim hortons and the food court) but really that place desperately needs a refresh. There is huge opportunity as the luxury shopping area expands in that area.
Yes there is but it'll take some outsider to make it happen too much ennui/mediocrity in management here these days.
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  #11334  
Old Posted Jun 2, 2017, 6:51 AM
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does anybody remember the movie theatres in royal centre?

Lindt will be a nice addition to that area
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  #11335  
Old Posted Jun 2, 2017, 6:53 AM
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The new German owner just paid $425,000,000.00 for that complex. Hopefully, they have the smarts to realize it's incredible potential.
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  #11336  
Old Posted Jun 2, 2017, 12:37 PM
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Originally Posted by SpongeG View Post
does anybody remember the movie theatres in royal centre?

Lindt will be a nice addition to that area
Yes, they were cramped and small on the lower level, ( where Staples is now ) but always showed a good selection of Art House and Foreign Films so I was there a lot.
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  #11337  
Old Posted Jun 2, 2017, 4:21 PM
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Originally Posted by SpongeG View Post
does anybody remember the movie theatres in royal centre?

Lindt will be a nice addition to that area
I do...

I also remember some of the people that ran the mall when Trizechahn was the property manager. There were people there that actually cared, and it seemed there was a good community of small businesses that had space there. I think Georgio's was the longest standing tenant in that mall. Although come to think of it, the shoe shine (if it's still there) may be the winner.

The prospect of German ownership is interesting, it would be interesting to see what other properties are in their portfolio. I always use munich as an example because I know it the best but their shopping district and retailers have things on point. I always use the Karlsplatz Station shopping area as an example of great underground shopping areas that are linked to transit etc.

(credit: Afar.com)
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  #11338  
Old Posted Jun 2, 2017, 9:06 PM
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Opened today.

A first look inside the new Tom Lee flagship store
http://www.straight.com/music/918266...flagship-store
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  #11339  
Old Posted Jun 2, 2017, 10:26 PM
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Has anything been confirmed for their former location? Who was it sold to?
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  #11340  
Old Posted Jun 5, 2017, 8:01 AM
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Their former location was sold to Bonnis Properties. Rumor has it that they intend to lease out the entire building to a well-known tech firm...
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