[archited]

^^ now, now you don't really mean that.

 

[David A]

Not even worth betting but I will say it's a bank. Why, because they pay the rates and want prime frontage. Oh and there's that thing called 'covenant'.

I don't feel it will be a bank, I believe we've reached peak bank here. The others remaining downtown seem comfortable in their mostly long established locations.

The only one I can think of without a location in the core area is Servus and I don't see them going for something so big, expensive and flashy.

 

[Markyeg]

I seem to recall a conversation on here that Simons has a corporate minimum distance requirement which is part of.why Londonderry and WEM were chosen as their locations and Southgate/downtown weren't. Couldn't find it though.

I think it had something in their lease saying they wouldn’t open stores at Kingsway and Southgate for xx amount of years, that’s why they chose Londonderry. Word is their sales at Londonderry aren’t as good as they were hoping.

 

[David A]

I think it had something in their lease saying they wouldn’t open stores at Kingsway and Southgate for xx amount of years, that’s why they chose Londonderry. Word is their sales at Londonderry aren’t as good as they were hoping.

Depending on what happens with the Bay at Londonderry in the near future, sales there could improve. I thought the restriction was in the WEM lease, not sure if it still applies.

However, it seems to me the City Centre west space would be much more suitable for them than this one.

 

[_urbanite]

The amount of theft at a Simon's in EEC would be insane. No way they'll open up a store there. I can maybe see them in the brewery district one day, though, or SEC (they're likely already thinking/planning on adding a location there in the future)

 

[Markyeg]

Depending on what happens with the Bay at Londonderry in the near future, sales there could improve. I thought the restriction was in the WEM lease, not sure if it still applies.

However, it seems to me the City Centre west space would be much more suitable for them than this one.

Yes, I didn’t work my post very well. The Simon’s lease at WEM had terms that they couldn’t open another location at Kingsway or Southgate for xx years (not sure how many exactly).

But there is almost a 0% change we see a Simon’s in DT anytime soon. Apart from event nights it would be dead, and seeing as how this is Edmonton, most people will keep driving to the suburbs if given the choice to avoid paying for parking.

 

[Glenco]

The amount of theft at a Simon's in EEC would be insane. No way they'll open up a store there. I can maybe see them in the brewery district one day, though, or SEC (they're likely already thinking/planning on adding a location there in the future)

How does Henry Singer make out?

 

[Didama]

Simons please!

 

[David A]

Simons please!

I expect a new space can be designed in certain ways to deal well with a known problem like loss prevention. The places that seem to have the worst problems with loss are those that have self checkouts and no cashiers around. Simons does not seem to embrace that model.

 

[Offworld]

Not the 2nd floor space on the west side, just the NE corner down to Banquet. I'm not sure what's on the NW and W.

Which would be an interesting demise choice. That will probably orphan/mothball the NW side of the second floor.

 

[dkazzed]

It's already demised. They might be reserving the western portion for future tower needs.

 

[Offworld]

It's already demised. They might be reserving the western portion for future tower needs.

View attachment 637463

Perhaps then originally designated as an amenity space for a tower above?

 

[archited]

More likely amenity space when the pedway connection is employed to a new tower on Katz property on 104th Street.

 

[Gronk!]

Checked out the expanded Oilers store

 

[mcr]

As expected, unfortunately, still no exterior entrance to the plaza