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  #1421  
Old Posted Oct 4, 2017, 2:09 AM
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Marty_Mcfly Marty_Mcfly is offline
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We really have to stop with the 'H&M is coming to town' rumors. They've been alive ever since I moved to St. John's back in 2007. We need to be honest with ourselves, if they were actually interested in getting into out market, they would have done so by now. There's retail space available if they want it, and it's been available for years.
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  #1422  
Old Posted Oct 4, 2017, 12:17 PM
statbass statbass is offline
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ACAN building sale pending in Paradise to Montreal company

Here's another article regarding the sale of the old ACAN building in Paradise

Source: The Telegram
Author: Kenn Oliver
Date: Oct 3, 2017

Quote:
LRE Properties Inc., a Montreal-based property management company, has an agreement to purchase the former ACAN Windows and Doors facility from its current owner, Leslie Amoils. ALRE president Roberto Di Giorgio says his company has waived its conditions and they expect to finalize the deal over the next month.

Job one is demolishing the existing 40-year-old building that has sat vacant since 2015.

“If there’s a way we can get it done before winter, that’ll be our Christmas present to the town, to have the eyesore removed,” says Di Giorgio.

In its place, the plan is to construct a retail centre measuring between 80,000 and 90,000 square feet.

Construction is set to begin next summer, with the first stores opening in the spring of 2019.

...
http://www.thetelegram.com/business/...l-company.html
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  #1423  
Old Posted Oct 4, 2017, 12:22 PM
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New retailers eye St. John’s Sears location in Avalon Mall

... and another one regarding the soon to be vacant Sears space at the Avalon Mall.

Source: The Telegram
Author: Unknown
Date: Oct 3,2017

Quote:
Crombie Real Estate Investment Trust (REIT) says the 128,000-square-foot area will be factored into the overall mall redevelopment — a project already underway and valued at over $54 million — but it’s too early to say exactly how it will be used or who will occupy the space.

“We have a number of retailers that have expressed interest in locating to Avalon Mall because it is one of the top 30 shopping centres in Canada and the number one shopping centre in Newfoundland and Labrador,” Crombie president and CEO Don Clow stated in a news release.

“We look forward to sharing our redevelopment plans as they are completed.”

...
http://www.thetelegram.com/business/...alon-mall.html
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  #1424  
Old Posted Oct 4, 2017, 9:21 PM
Arrakis Arrakis is offline
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Just announced that Steele is buying all of the Penney auto dealerships.
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  #1425  
Old Posted Oct 16, 2017, 1:13 PM
Offshore1 Offshore1 is offline
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Was in the Avalon Mall over the weekend & saw that Sunrise Records has their sign lit. Work still ongoing inside presumably - the glass front still covered in paper. Will be nice to have another option for music purchases in the city.
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  #1426  
Old Posted Oct 21, 2017, 8:50 PM
rad709 rad709 is offline
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Colemans on Newfoundland drive is opening this Monday (23rd) as per FB.
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  #1427  
Old Posted Oct 21, 2017, 11:51 PM
barter barter is offline
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Originally Posted by rad709 View Post
Colemans on Newfoundland drive is opening this Monday (23rd) as per FB.
There is a large NLC in the same building as well, which will be the 3rd on the Eastside not including the little store inside Memorial Stadium Dominion. You would think there would be enough sales to justify 3 stores, seeing how the stores on Stavsnger and Howley Estates are 5 minutes drive apart.
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  #1428  
Old Posted Oct 23, 2017, 3:04 PM
goodgrowth goodgrowth is offline
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Coleman’s To Open Doors On Newfoundland Drive Today:
http://vocm.com/news/colemans-to-ope...d-drive-today/

Looks decent.
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  #1429  
Old Posted Nov 16, 2017, 7:16 PM
MelH MelH is offline
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Avalon Mall

Was in the Avalon Mall earlier in the week for the first time in a while and noticed quite a few differences...

Sunrise Records open, big new SoftMoc location, big new Charm Diamonds in the old Gap location, Ricky's opening again (yay!)

Hard to believe we are in an economic slump when you see all this development and all of the spots filled with shoppers!
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  #1430  
Old Posted Nov 17, 2017, 3:19 PM
colinpeddle colinpeddle is offline
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Originally Posted by MelH View Post
Hard to believe we are in an economic slump when you see all this development
Take a drive out by Stavanger, Aberdeen, and Henry Power and you won't have trouble believing it. :/
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  #1431  
Old Posted Nov 17, 2017, 5:09 PM
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J_Murphy J_Murphy is offline
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Originally Posted by colinpeddle View Post
Take a drive out by Stavanger, Aberdeen, and Henry Power and you won't have trouble believing it. :/
Why do you say that?
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  #1432  
Old Posted Nov 17, 2017, 6:22 PM
colinpeddle colinpeddle is offline
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Originally Posted by J_Murphy View Post
Why do you say that?
There's an awful lot of empty real estate. I'd say vacancies outnumber the actual businesses at this point.
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  #1433  
Old Posted Nov 17, 2017, 6:29 PM
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J_Murphy J_Murphy is offline
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Originally Posted by colinpeddle View Post
There's an awful lot of empty real estate. I'd say vacancies outnumber the actual businesses at this point.
Are you sure we are living in the same St. John's? I was down there today and didn't notice many vacanies. Only ones that come to mind are Golf Town and Target. Of course, Target closure had nothing to do with our economy. And golf town, well, St. John's isn't really a great spot for golf. There have been a few new businesses open in the past year, particuarly on White Rose Drive. Traffic is always busy everytime I am there.

Where else are there vacancies?

Last edited by J_Murphy; Nov 17, 2017 at 6:40 PM.
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  #1434  
Old Posted Nov 17, 2017, 7:02 PM
colinpeddle colinpeddle is offline
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Originally Posted by J_Murphy View Post
Are you sure we are living in the same St. John's? I was down there today and didn't notice many vacanies. Only ones that come to mind are Golf Town and Target. Of course, Target closure had nothing to do with our economy. And golf town, well, St. John's isn't really a great spot for golf. There have been a few new businesses open in the past year, particuarly on White Rose Drive. Traffic is always busy everytime I am there.

Where else are there vacancies?
The golf place. The buildings next to and around Rona. There's a couple, well at least one, vacant in the lot with Mark's last I looked, the pet store? I think there's a empty shop in the Remax building. The entire bottom section of the Verafin building, that whole buildings been "done" for months and months now. The building with Wingin' it or the one next to it, or both, has vacancies. The large building beyond Canadian tire has floors vacant so far as I can recall. I think the Little Cesar's building still needs one tenant. Didn't one of the businesses in the Subway strip close?

I could be wrong on some of these, I haven't really paid attention and I'm not up and in those areas often, just recalling from recent memories. I'm sure there's one or two I've missed.

Add those to the Target and eventually Costco (unless they turn it into a business centre as rumored) plus whatever else might close shop..

OH RUA Sports Fanatic is gone. Henry's closed, replaced by a vape shop.. and we all know vape shops don't count :-D jk
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  #1435  
Old Posted Nov 17, 2017, 11:16 PM
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Marty_Mcfly Marty_Mcfly is offline
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Originally Posted by colinpeddle View Post
OH RUA Sports Fanatic is gone. Henry's closed, replaced by a vape shop.. and we all know vape shops don't count :-D jk
The vape shop is owned by one of my best friends who I've known since I was 3. They're not going anywhere anytime soon; they actually know how to run a business unlike many of the other vape stores which popped up around town. Contributes to the local economy just as much as Henry's did, whatever Henry's was.
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  #1436  
Old Posted Nov 18, 2017, 5:25 AM
IronMan IronMan is offline
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I wonder if there is any validity to the rumour that the current Costco will become a Costco Business Centre. Are there many of these in Canada? I believe this is a relatively new concept for Costco.
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  #1437  
Old Posted Nov 18, 2017, 1:43 PM
goodgrowth goodgrowth is offline
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There is definitely new office and commercial buildings that have gone up in the past few years that are seemingly still vacant/not fully utilised...

I'm no expert but I think there is a bit of a lag time between demand and supply in real estate and the economy slowed down just as new office/commercial real estate was finally being built.
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  #1438  
Old Posted Nov 18, 2017, 3:00 PM
colinpeddle colinpeddle is offline
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Quote:
Originally Posted by IronMan View Post
I wonder if there is any validity to the rumour that the current Costco will become a Costco Business Centre. Are there many of these in Canada? I believe this is a relatively new concept for Costco.
There's one, in Kitchener or London, maybe. I believe, assuming there's no others in the works, that we'd be number 2.
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  #1439  
Old Posted Nov 19, 2017, 2:22 AM
MrX MrX is offline
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The 1st floor of the Verafin building is being taken over by...Verafin. Reno’s should conclude late in the year.
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  #1440  
Old Posted Nov 19, 2017, 9:46 PM
colinpeddle colinpeddle is offline
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The 1st floor of the Verafin building is being taken over by...Verafin. Reno’s should conclude late in the year.
First or ground floor?
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