Sherman Scott - Media

Vancouver Retail in the City

Eateries Clamour For Rare Space

The Harbour Centre Food Court redevelopment is now 100% pre-leased (there's barely enough room to store your lunch)--and the quick pace of deals hasn't surprised Colliers Associate VP Sherman Scott, since it's a rare opportunity for tenants.


Sherman quarterbacked the leasing efforts with a team that included Cyndi Dorland. "It is not very often that companies get to be part of a new project in downtown Vancouver," he tells us. "Not a lot of new food courts are opening in the downtown." Harbour Centre underwent a $1.5M exterior renovation and a $4.5M renovation to the food court area. (Does this mean we can't sell peanut butter and jelly sandwiches out of a van anymore?)


Sherman says he began the leasing process back in January at the ICSC shopping centre conference in Whistler. In the end, 14 companies did pre-lease deals to be involved in the space. All of the old leases had been terminated and Sherman's team started from scratch. The food court opens at the end of this year with eateries like Starbucks, Fatburger, Thai Express, and Quiznos. (The ghost employees and customers will be replaced with real people.)

 

The Bay Buys Saks

The Canadian brand Hudson’s Bay Company is scooping up the luxury American retailer Saks 5th Avenue in a deal worth $2.9 billion dollars.

 Watch the full report here
 B.C. Retailers Battle U.S Big Box Stores

Watch the full report here

Downtown Matters

Sherman Scott talks about the re-established Hastings West in the 2013 Annual Report of Downtown Matters.

Download Downtown Matters - Annual Report 2013

Archive News Stories

 retail in the city - sherman scott April 2013

Spring 2013 recently leased transactions in the Downtown Vancouver Retail market.

Download Retail in the City - Spring Edition 2013 

August 02, 2012

A changing of the guard on Vancouver's Rodeo Drive couver Robson Street undergoes transition

 “I like the phrase, ‘a changing of the guard.’ Blockbuster and HMV are gone, but is that a surprise? Nobody buys CDs and DVDs anymore. Five years ago you didn’t see any vacancies, so it looks strange, but there’s plenty of competition for the open spots.”

Sherman Scott - Vancouver Robson Street @ the Province