Western Canada News

City Square Mall sold for $225 million - urbanYVR

The City Square mall at West 12th and Cambie Street across from City Hall has sold for $225 million. Details of the blockbuster sale were outlined in a recent CBRE market research report.

The 249,881 sq ft. shopping centre was purchased by Sun Commercial, also known as SUNCOM. The mall was last assessed in 2018 at $102 million. The Richmond-based commercial real estate company’s other holdings include the Best Western Sands Hotel on Davie Street near English Bay; the Mylora golf course, and the Westwood Plateau Golf and Country Club.

Retail expert Craig Patterson of Retail-Insider.com says he expects a redevelopment of the mall in the near future. “City Square is in one of the most strategic locations in Vancouver, being on the Canada Line and steps south of the new Broadway SkyTrain extension. The value paid for the property is more than twice its assessed value, leading me to believe that there will be a redevelopment play for the site, which will be somewhat challenging given h

urbanyvr.com

Technology inspires Vancouver companies to sell directly to customers

That shift is largely due to the increasing intelligence of technology. While retail has long been the domain of merchants picking products by gut instinct, that’s changing fast with the development of tools able to understand people’s preferences, test the popularity of items before they’re created, and send them straight to their door.

straight.com

No more liquor store permits for your community if there are fewer than 500 people: SLGA new rules | CBC News

New rules from the Saskatchewan Liquor and Gaming Authority have cemented its policy on allocating liquor permits.

Under the new rules, towns and villages will need a minimum population of 500 people to qualify for a liquor store.

cbc.ca

Mayor Talks More Liquor Stores in Weyburn - Discoverweyburn.com

A release from the province this morning says going forward, the number of liquor stores will be determined by population.

This means for Weyburn, there can be up to five liquor stores, whether publicly or privately owned. Weyburn Mayor Marcel Roy says he has heard from residents there is a want for more locations.

discoverweyburn.com

High Tide Opens Two Additional Canna Cabana Stores in Alberta

The Company currently has 36 of the 37 effective maximum number of development permits established by the AGLC for retail cannabis stores across Alberta and expects to receive the one remaining development permit in the near future. High Tide continues to advance its next 23 Alberta locations that are under various stages of development and construction. In Ontario, two Canna Cabana-branded retail cannabis locations in Hamilton and Sudbury were opened on April 20th and both are performing strongly in each market, with the next branded location in downtown Toronto expected to open on or before June 1, 2019.

newcannabisventures.com

Proposed development at Vancouver MEC property to tower above neighbourhood | CBC News

The owner of the large Vancouver property where MEC is now located is planning to redevelop the site, though applications have yet to be filed. Neighbours say the plan for towers will significantly change the character of their heritage community.

cbc.ca