A major update is in the works for the lower levels of the Royal Centre shopping centre and office complex at West Georgia and Burrard Street.
A development application has been filed to demolish and replace the existing RBC branch with a five-storey, mixed-use building with retail on the ground floor and four floors of office space above.
The existing bank branch will be replaced as part of the redevelopment, and a new canopy will be added along West Georgia Street in front of the 37-storey RBC Tower. A two-storey restaurant will front onto West Georgia Street, located under the new canopy. Renderings show a new entrance for Royal Centre and the Burrard SkyTrain station on the West Georgia frontage.
The owners of Portage Place Shopping Centre and parkade are hoping to sell, but first mall ownership will have to get the green light from the city.
“Everybody is saying retail is dying and e-commerce will be the death of stores. We don’t think that’s true"
Kelly Macsymic wishes people would stop saying e-commerce is the death knell for bricks-and-mortar stores.
“Television changed retail, credit cards changed retail and the Internet is just another disruptor. It’s not a killer. The question is: how do we adjust to meet the needs of retail in the next five, 10 or 20 years?” said the Saskatoon-based sales associate at ICR Commercial Real Estate.
The loss of big-box retailers such as Sears and Target merely means mall owners have to subdivide the space and bring in multiple smaller tenants instead, she said.
“Everybody is saying retail is dying and e-commerce will be the death of stores. We don’t think that’s true. Instead, we’re going to see stores changing,” she said.
Premier Brian Pallister is not making any promises, but says the government is reviewing possible changes to a law that limits store openings on some holidays.
Inside Bonjour Bakery, Ivan Chartrand tries to focus on pastries and orders for the day, but can't get the recent tagging spree off his mind.
Red River Co-op will open its seventh food store in Manitoba next week when it launches an outlet in Gimli. Red River Co-op, which sells food and fuel, plus home and agricultural services, said it will take over Super A Foods at 55 Centre St.
A Langley business owner says if you don't allow retail cannabis shops in Langley, you're inadvertently supporting the black market.