The Columbian reported recently that the Vancouver City Council is looking at contingency plans for Block 10 should Gramor be unable to lock down a grocer for the ground floor of the proposed high-rise project. According to the story, Gramor’s Barry Cain is confident he’ll ink a deal this year. The story went into details about the changing landscape in the grocery business and that once sprawling stores like Freddie and Safeway are now becoming smaller affairs more akin to the markets of yesteryear in mid-century America. That may be the perfect scenario for downtown, a small 15,000-20,ooo SF space.
Meanwhile Vancouver Center 4 should start seeing lots of activity, some minor prep work has begun but the building should go up fast as all the underground work is already in place.
Not much happening elsewhere in urban real estate at the moment, but on local economic news, the Port of Vancouver once again increased its volume setting another record for cargo handling volume. This is good news for our local area. Exports up 8.7%