Originally Posted by Conrad Yablonski
What that area really needs is London Drugs-and I note they are being very cagey since their announcement of the opening delay.
Spent some time talking with a manager @ one of their other stores and she was adamant that nothing was going to happen until False Creek was substantially occupied-whatever that means.
Can't remember the number she quoted but I gathered they felt burned opening on Hastings St in a relatively empty building/retail dead zone.
The funny thing is there was never really any question as to if London Drugs was going to open. Urban Fare and the Mark James Group were the only tenants who actually "pulled out". Now, as is obvious, UF is about to open, arguably under much better terms than previous, and LD is the laggard.
The area is obviously not yet built out. But The Village is substantially occupied and another 500 units will be occupied in 2013 Q1, with the units of James and Maynards coming on stream before that. Which makes no mention of the second Pinnacle project, Opsal, Central, Meccanica, Lido, West, the Concord proposal, Pinnacle Living 3,4,&5, etc.