Canada luxury retail overview

dkstudio architects inc.
CANADA LUXURY RETAIL OVERVIEW
*THE INFORMATION IN THIS PRESESNTATION ARE BASED ON FINDINGS COLLECTED FROM THE PUBLIC MEDIA AND DOES NOT NECESSARILY PROVIDE A DEFINITE REPRESENTATION OF CONDTIONS WHICH ARE SUBJECT TO CHANGE
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Contents
1. Canada’s major market high streets
2. Toronto
•
Bloor St
•
Yorkdale
•
Eaton’s
•
Sherway
•
Square One
3. Vancouver
•
Burrard, Alberni, Robson
•
Pacific Centre
4. Montreal
•
Sherbrooke + Holt Renfrew
•
St. Catherine’s + La Montagne + Ogilvy
5. Ottawa
•
Rideau Centre
6. Calgary
•
Chinook Centre
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TORONTO
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YORKDALE MALL
BLOOR STREET
SHERWAY GARDENS
EATON CENTRE
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TORONTO
BLOOR STREET
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Canada’s Premier Retail High Street
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Commands highest rent at over USD $315/ sq.ft (2013 ref. Colliers International)
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$115 more than Canada’s next priciest streets: Robson St. in Vancouver
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Top retail brands include Louis Vuitton, Tiffany & Co, Chanel, Prada, Hermes
YORKVILLE AVENUE
CUMBERLAND STREET
BLOOR STREET
ONE BLOOR WEST
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TORONTO
ONE BLOOR STREET WEST
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Retail Space leasing beginning in 2018
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To be second tallest building in Toronto after the CN Tower
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8 storeys totalling over 240 000 sq. ft. of 22ft ceiling unobstructed luxury retail space at podium levels,
with 72 stories of 560 residential units above
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TORONTO
YORKDALE MALL
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Total Retail: 1,541,725 sq.ft.
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Ongoing Renovation: overall mall addition
of 298 000 SF
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5th largest mall in Canada
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2nd highest sales per unit area of any mall
after Vancouver’s Pacific Centre
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Merchandise sales levels at over CD $
1,300 / sq.ft. (Jan 2014)
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0ver 20 million visitors per year
-
Over 250 shops including anchors such as
: Apple, Sport Check
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Key Department Store anchors: Holt
Renfrew, Hudson's Bay (Saks), Sears (to
be replaced by Nordstrom 188 000 SF
three level store scheduled in Fall 2016 )
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Key Luxury brands: Tiffany & Co, Cartier,
Louis Vuitton, Prada
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Yorkdale charges on average $200 a
square foot per year, plus $90 a sq.ft. in
real estate taxes and operating costs, for a
total of $290 a sq.ft. / year (2011 data)
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Operated by Oxford Properties
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TORONTO
YORKDALE MALL
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TORONTO
YORKDALE MALL
DETAILED PLAN
OF LUXURY RETAIL
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TORONTO
YORKDALE MALL
NORDSTROM
NORDSTROM 188 000 SF three level store to be included in the overall mall addition of 298 000 SF, scheduled to open Fall 2016
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TORONTO
EATON CENTRE
SAKS FIFTH AVENUE 150 000 SF Fall 2015
NORDSTROM 213 000 SF three‐level store set to open Fall 2016
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TORONTO
EATON CENTRE
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Total Retail: 1,669, 094 SF
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330 shops including anchors such as : Apple, Sport Chek
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4th largest mall in Canada
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Key Department Store anchors: Hudson's Bay (Saks Fall
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3rd highest sales per unit area of any mall after Pacific
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2015), Sears (to be replaced by Nordstrom Fall 2016 )
Centre & Yorkdale
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Key High brands: Ann Taylor, Swarovski
Merchandise sales levels at over CDN $ 1,275 / SF (Jan
-
Yorkdale charges on average $200 a square foot per year,
2014)
plus $90 a sq.ft. in real estate taxes and operating costs,
-
Over 50 million visitors per year
for a total of $290 a sq.ft. /year (2011 data)
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Operated by Cadillac Fairview
SAKS FIFTH AVENUE 150 000 SF Fall 2015
NORDSTROM 213 000 SF three‐level store set to open Fall 2016
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TORONTO
EATON CENTRE
DETAILED PLAN
SAKS FIFTH AVENUE
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TORONTO
SHERWAY GARDENS
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Total Retail: 972, 540 sq.ft.
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Over 210 shops including anchors such
as : Banana Republic, Harry Rosen &
Apple
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Key Department Store anchors: Holt
Renfrew & the Bay; Nordstrom and Saks
Fifth Avenue to come
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Key Luxury brands: Stuart Weitzman,
Michael Kors
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Operated by Cadillac Fairview
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Expansion of additional 210 000 sq.ft
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An existing 90 000 sq.ft to be renovated
-
Saks Fifth Avenue and Nordstrom to
open
HOLT RENFREW Expansion to 84 000 SF
SAKS FIFTH AVENUE 150 000 SF Fall 2015
NORDSTROM 213 000 SF three‐level store set to open Spring 2017
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TORONTO
SQUARE ONE
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3rd largest mall in Canada
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Total Retail: 1,621, 000 sq.ft.
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Merchandise sales levels at over CD $ 775 / SF (May
2014)
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0ver 21 million visitors per year
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Over 360 shops including anchors such as: The Bay,
Wal-Mart, Simons and Holt Renfrew forthcoming,
Target (closing 2015)
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Key Department Store anchors: The Bay
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Key Luxury brands: Apple, Harry Rosen, Michael
Kors, MAC Cosmetics
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Operated by Oxford
HOLT RENFREW 120 000 SF Fall 2015, with additional 75 000 SF for other retailers
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TORONTO
SQUARE ONE
HOLT RENFREW 120 000 SF Fall 2015, with additional 75 000 SF for other retailers
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VANCOUVER
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VANCOUVER
BURRARD, ALBERNI & THURLOW:
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Spanning from the Fairmont Hotel Vancouver to Thurlow
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Luxury brands including:
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Louis Vuitton
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Tiffany & Co.
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De Beers
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Pandora
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Omega
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Hermes
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Burberry
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Tory Burch
ROBSON STREET:
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Trendy Downtown Vancouver
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Designer brands including:
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Armani Exchange
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Ferragamo
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MAC Cosmetics
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Kiehls
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Lululemon
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VANCOUVER
PACIFIC CENTRE:
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Total Retail: 1,390,000 SF
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Over 100 shops including anchors such as : Apple, Harry Rosen, Sport Chek
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Highest sales per unit area of any mall in Canada
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Key Department Store anchors: Holt Renfrew & the Bay
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Merchandise sales levels at over CD $ 1,335 / SF (Jan 2014)
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Key Luxury brands: Louis Vuitton, Tiffany, Chanel
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Among the highest selling malls in North America
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Current 578,000 SF expansion
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230,000 Nordstrom Flagship Store expansion to replace Sears with new Facade
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300,000 SF of AAA office space
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18 Million visitors per year
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Operated by Cadillac Fairview
Howe St
Dunsmuir St.
(“The Province. The Province. Retrieved 9 May 2014.)
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VANCOUVER
PACIFIC CENTRE
Holt Renfrew
Luxury Shops include
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Tiffany & Co.
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David Yurman
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Louis Vuitton
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Chanel
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Giorgio Armani
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Prada
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Burberry
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Dolce & Gabbana
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Gucci
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Fendi
FUTURE
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Georgia Level
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VANCOUVER
PACIFIC CENTRE
Holt Renfrew
Dunsmuir Level
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VANCOUVER
PACIFIC CENTRE
NORDSTROM
VANCOUVER PACIFIC CENTRE Largest planned Canadian development opened Spring 2015 at 230 000 SF
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MONTREAL
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MONTREAL
RUE SHERBROOKE &
RUE DE LA MONTAGNE
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HOLT RENFREW DEPARTMENT
STORE
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Chanel
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Dior
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Prada
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Luxury brands including:
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Hermes
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Tiffany & Co.
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RUE STE CATHERINE
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OGILVY DEPARTMENT STORE (TO
BE COMBINED WITH HOLT
RENFREW IN 2017; SHERBROOKE
HR TO CLOSE)
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Louis Vuitton
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Apple
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MONTREAL
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MONTREAL
OGILVY
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Total Retail: 160 000 SF
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Key Luxury brands: Louis
Vuitton, Michael Kors, Burberry,
Hugo Buss
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Current 578,000 SF expansion
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Purchased by the Selfridges
Group Ltd, who also owns the
Holt Renfrew chain
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Purchased by the Selfridges
Group Ltd, who also owns the
Holt Renfrew chain
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To be expanded by about 60 000
SF to the north and combine with
Holt Renfrew for a total of 220 000
SF; Construction is expected to
be complete in 2017
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CALGARY
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CALGARY
CHINOOK CENTRE:
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4th highest sales per unit area of any mall in Canada
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Merchandise sales levels at over CD $ 1,105 / SF (May 2014)
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14 Million visitors per year
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Total Retail:
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Over 250 shops including anchors such as: Apple & Harry Rosen
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Key Department Store anchors: Nordstrom & the Bay
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Key Luxury brands: Michael Kors, Stuart Weitzman
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Operated by Cadillac Fairview
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