Mountain Man
Senior Member
That's too bad, was Moxies, then Home & Away, would have much preferred another restaurant / bar in that space. The new part behind does look promising architecturally though.
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Calgary Retail Thread
- Thread starter Stephen Ave
- Start date
JonnyCanuck
Senior Member
Anyone walked the streets of the core lately? Take any avenue (8th to 12th) between Macleod Trail to 14 St SW. There are literally dozens and dozens of street level spaces that are empty and for lease particularly in older buildings. Included in those observations are all the new spaces in Park Central and Upten which are finished but not leased out.
Then in the next year or so, all of this additional retail space will be added to the mix
1. Curtis Block
2. West Village
3. Place 10
4. 11 & 11th
5. The District (IBM building)
This is not counting East Village which still has some retail space available or any of the food courts/concourses in the downtown office buildings. I can only imagine the emptiness of those spaces and how unlikely any of those retail/hospitality businesses are going to come back. Come back to what?
Then in the next year or so, all of this additional retail space will be added to the mix
1. Curtis Block
2. West Village
3. Place 10
4. 11 & 11th
5. The District (IBM building)
This is not counting East Village which still has some retail space available or any of the food courts/concourses in the downtown office buildings. I can only imagine the emptiness of those spaces and how unlikely any of those retail/hospitality businesses are going to come back. Come back to what?
UrbanWarrior
Senior Member
I keep forgetting to mention, First Street Market (in the Underwood) is opening "this spring". Nothing on their website but the windows have been covered with new media showing it's opening sometime this spring. So here's hoping.
fsmyyc.com
In regard to Jonny's concern, I agree it's a pretty terrible situation at the moment, but keep in mind many of these buildings are being or will be completed during a global economic catastrophe. Along with that, the reality is that as the population of downtown increases, so will retail density (or at least demand). I have heard that a main retail unit in Park Central has been leased so that's a start. The population of the Beltline is blowing up, and is likely past 30,000 as of this year. Growing at about a thousand per year, I can see retail density start to really ramp up especially in the east Beltline where things are sparse right now. I believe this will especially accelerate once the arena is finally underway.
First Street Market
fsmyyc.com
In regard to Jonny's concern, I agree it's a pretty terrible situation at the moment, but keep in mind many of these buildings are being or will be completed during a global economic catastrophe. Along with that, the reality is that as the population of downtown increases, so will retail density (or at least demand). I have heard that a main retail unit in Park Central has been leased so that's a start. The population of the Beltline is blowing up, and is likely past 30,000 as of this year. Growing at about a thousand per year, I can see retail density start to really ramp up especially in the east Beltline where things are sparse right now. I believe this will especially accelerate once the arena is finally underway.
Chinook Arch
Active Member
With Covid the way it is, businesses aren't rushing to lease new spaces.it'll be slow going until everyone is confident it's over.
potatopizzafan
Active Member
can't say i agree with this, people are chomping at the bit to get out, just look at 17th ave on any nice day, every patio is packed and people are everywhere. once the vaccinations are more widespread there's going to be a huge spending boom
JonnyCanuck
Senior Member
My comment was in reference to the retail/hospitality spaces in food courts, office concourses, Plus 15 level etc. The end of the pandemic won't solve the problem that tens of thousands of jobs have been lost in the downtown core whether they be permanent layoffs or people working permanently from home. I feel for those small business owners who are closed and may not make a go of it when things reopen.
GoVertical
Senior Member
The Lindt store is now gone on 4st SW
Silence&Motion
Senior Member
I won't be that sad if retail investment in this city moves from the Plus 15 to the streets of the Beltline, East Village, Kensington, and Inglewood. The Plus 15 is going to need a massive rethink. It's going to have to become far more diversified, less corporate, and more publicly-minded. The fact that a censorship controversy caused a bunch of local galleries to pull out of the Plus 15 back in 2018 is exactly the opposite of what needs to happen.
haltcatchfire
Senior Member
Anyone know of any specialty retailer near Sheldon Chumir that I’d be able to get a nice sweater at for my wife?
Mountain Man
Senior Member
Does it specifically say Spring 2021? Pretty sure it was supposed to open Spring 2020, and last I was by there in December / January there were no tenants even moving in yet.
UrbanWarrior
Senior Member
Yeah it just says specifically "Spring 2021", I'll grab a pic tomorrow/today.
Mountain Man
Senior Member
Well I hope it opens, that would nearly double the lunch options in the area! They were supposed to have a licensed patio that looks over the green space west of it as well, hope that's still in the works.
Disraeli
Active Member
to thousands of new residents that have moved into the area in the last couple of years?
ByeByeBaby
Active Member
Was at Brentwood today (thanks AHS for the 
BTW) and noticed that the Safeway there is closing this week; so is the one at Saddle Ridge. Turns out they're going to be converted to a discount brand, which is certainly better than them remaining closed.
BTW) and noticed that the Safeway there is closing this week; so is the one at Saddle Ridge. Turns out they're going to be converted to a discount brand, which is certainly better than them remaining closed.