Friday, October 20, 2017

Don't fall for Sears "Liquidation" scam

Several years ago when Zellers filed for bankruptcy and began its liquidation sales, the company jacked up prices before slapping 40-70% off tags on its items.  This scam was verified by Brentwood Zellers employees themselves that were made to mark up the price tags before placing "marked down" prices on products.  Consumers are now noticing the same with the Sears "Liquidation" sale.  For example, at the Brentwood location, there are shirts with multiple price tags on them with prices starting at $149 down to $50 on a rack that has  "20%" off sign on it.  A $149 shirt?  Really?  To top it off, the same shirt was tagged at $40 a week earlier.

DON'T BE FOOLED BY THE BIG LIQUIDATION SCAM.  Do your research before following the crowd like sheep and standing in long lines to throw away your hard-earned money into a well-crafted scam.

Tuesday, October 17, 2017

1st details of SE corner of Willingdon and Dawson

A basic rendering of Aouyan's proposed development at the southeast corner of Willingdon and Dawson has been published in Urban YVR.(excerpt below).  The site of this project is located Along Dawson Street to the north and along Alaska Street to the south between Willingdon and Alpha Ave.

Preliminary rendering of Aoyuan International’s proposal for Willingdon and Dawson in Burnaby. Credit: Aoyuan International

(from Urban YVR)
Aoyuan International is also proposing a major development of four towers at Willingdon Avenue and Dawson Street, south of The Amazing Brentwood in Burnaby.
Renderings just show the tower massing, but the project is said to contain 1,400 condominium units, 50 townhomes and a mix of commercial and retail. IBI Group — in cooperation with PWL Landscape Architects — are on the Brentwood project.

Thursday, October 12, 2017

Koby's Produce Town to be replaced by Viet Noodle Guy

Koby's Produce Town has permanently closed likely due to it's inability to compete with nearby Save-On-Foods and Whole Foods.  It also couldn't have helped them that they were very inconsistent stocking non-seasonal foodstuffs that should always be available.

Replacing Koby's is The Viet Noodle Guy opening in Spring 2018.


Sunday, October 8, 2017

UNIQLO makes Sears look amateur

I had an opportunity to check out the recently opened UNIQLO in Metrotown.  Not only was the 2 level space efficiently used with a variety of styles, colours and options, it was organized like any decent retailer should be.  Meanwhile, the over-sized and overpriced waste of space called Sears can't get out of the business soon enough with competition like UNIQLO entering the market. Shape Properties should be working day and night to get UNIQLO into Brentwood.



Thursday, October 5, 2017

Alaska Street industrial building sold

An industrial building at 4455 Alaska St has been sold for more than double its assessed value. The buyer likely purchased the site with the aim of rezoning it for a high density residential development.

The site of the building is situated 
immediately west of the Willingdon Ave overpass.

East of the overpass (below) along Alaska St are more 
industrial buildings and the  rising Milano tower on Alpha Ave.




Burnaby manufacturing site sold for double its assessed value

The industrial site has potential for high-density residential development and sold for $12.8 million

 for Western Investor
October 4, 2017

The property is a two-storey warehouse and office space with two leasable units, with 25,760-square-feet of gross leasable area. The industrial building is situated on a 33,195-square-foot lot currently zoned for manufacturing use. However, the lot has potential for high-density residential development upon rezoning. The property sold for more than double it’s assessed value of just over $6 million. 
The property is located at 4455 Alaska St., Burnaby. 

Breakdown: 


Price: $12,800,000 
No. of Units: 2
Lot Size: 33,195 SF
Property Type: Industrial 
Zoning: M-1
2016 B.C. Assessment Value: $6,005,800
City: Burnaby  
Province: B.C. 
Name of Brokerage: Lee & Associates

Tuesday, October 3, 2017

What will become of vacated Sears space?

With the recent announcement that Sears Brentwood will close down, Shape Properties is tasked with deciding what to do with the massive, 3-level retail space at the east end of Brentwood Mall.  Will the  vacated space be taken over by 3 mid-sized retailers or by 1 large retailer.  Will the old structure be torn down to give them more options on the usage of that space?  What kind(s) of retailer(s) will take up that massive space?



Being as large as it it, the lower level of the site would be ideal for a grocery store such as T&T Supermarket and the middle mall level would be a good fit for a larger chain restaurant like Denny's or Red Robin.  I personally prefer a 24 hour Denny's that would satisfy my late-night craving for a breakfast meal. The upper level might be trickier.  An office or school/educational space might be an option for such a location as it would be well serviced by the Millennium SkyTrain line.  Better yet, a large Uniqlo would be a good fit at that end of the mall.  Until that happens, the Metrotown Uniqlo location will have to suffice.