Edmonton City Centre Mall (Renovations) | ?m | 2s | LaSalle Investment Management

[Markyeg]

^ I should connect you with my IKEA contact so you can tell him how foolish he is being for even considering downtown Edmonton -- a city that compared to the two cities you offer up is growing at a much, much faster rate and has both cheaper lease rates and land prices currently.

At the same time connect me with your “source” who was adamant that the 80-storey Quarters tower was getting built.

 

[JuliallThat]

Although a smaller format urban Ikea downtown would be cool, I think I'd rather have a second fully featured Ikea somewhere on the north-side even if it's not downtown.
If downtown wants something hardware-esque it would probably be better served by a Canadian Tire or Home Hardware imo.

 

[David A]

Downtown Montreal and Vancouver also already have other and more retail options that we do, which IKEA may be aware of. I suspect they are not only looking at the size of the market, but what else is there.

 

[David A]

Although a smaller format urban Ikea downtown would be cool, I think I'd rather have a second fully featured Ikea somewhere on the north-side even if it's not downtown.
If downtown wants something hardware-esque it would probably be better served by a Canadian Tire or Home Hardware imo.

It does not have to be one of the other, Canadian Tire or Home Hardware sells much different things than IKEA. I also go to Canadian Tire less now that they moved further south, however their Kingsway location is not too far away.

 

[thommyjo]

^ Not ZERO, according to an upper level (international) manager that I have been talking with at IKEA.

Screenshots or shhh

 

[archited]

I will not betray the source no matter how many giggleworts efface their true nature.

 

[Gus Haynes]

@archited's source

 

[kcantor]

I didn’t see Chris’ presentation but there are some strong elements in that slide. The most transformational for the core might be the reestablishment of 102 Street between 102 and 103 Avenue. Then we could try and do the same thing for 101A Avenue through Canada Place (only at the ground floor ) and for 103 Avenue where it crosses Sir Winston Churchill Square (except for special events). And make 96th Street two way from Jasper to 103A Avenue.

 

[TAS]

Was hopeful at one time this would have been in place for opening of LRT.

 

[thommyjo]

How would the YMCA be impacted by a sports facility across the street basically?

I think I’d rather see residential and retail on 103st to make 103 and 104 both vibrant street that connect Jasper to Ice District

 

[LibraLibro]

Demographics that also exist in DT Montreal and Vancouver, which don’t have urban format IKEAs, even though their DTs both have 10x the population ours does.

Population isn’t the key factor here, disposable income is. Having lived in both Yaletown and downtown Edmonton, I’ve noticed a clear difference in how much more spending power people my age (I’m 34) have in Edmonton. In Vancouver, it was hard to get friends together for dinner even a couple of times a month. Meanwhile here in Edmonton we eat out more than once a week without thinking twice. This also applies to shopping, hobbies, etc. An IKEA City wouldn’t just serve downtown; it would draw people from the entire northside and St. Albert.

 

[MacLac]

Why has no one said pickleball yet? Or did I miss it?

And charge $100/hr to play it? lol

 

[MacLac]

Do t

Demographics that also exist in DT Montreal and Vancouver, which don’t have urban format IKEAs, even though their DTs both have 10x the population ours does.

Do they really though? Last year while staying at the Pinnacle DT…..4 out of 5 condo towers to the north of the hotel were 100% completely black….ZERO lights on…..makes you wonder how many people actually live in their DT compared to what units are owned

 

[IanO]

Population isn’t the key factor here, disposable income is. Having lived in both Yaletown and downtown Edmonton, I’ve noticed a clear difference in how much more spending power people my age (I’m 34) have in Edmonton. In Vancouver, it was hard to get friends together for dinner even a couple of times a month. Meanwhile here in Edmonton we eat out more than once a week without thinking twice. This also applies to shopping, hobbies, etc. An IKEA City wouldn’t just serve downtown; it would draw people from the entire northside and St. Albert.

I'm going to somewhat disagree with you here.

Most friends over the years (starting when I lived at Homer and Smythe back in 2002) went out a lot more there and often wanted to be out and about in the evenings, mind you that included far more active recreation too as part of the West Coast lifestyle. Even now when I go there, post-work and evenings are quite busy.

Part of that is due to less folks with kids until later in life versus here, which makes A BIG difference and the impact of the corporate centre versus a government town.

 

[David A]

I'm going to somewhat disagree with you here.

Most friends over the years (starting when I lived at Homer and Smythe back in 2002) went out a lot more there and often wanted to be out and about in the evenings, mind you that included far more active recreation too as part of the West Coast lifestyle. Even now when I go there, post-work and evenings are quite busy.

Part of that is due to less folks with kids until later in life versus here, which makes A BIG difference and the impact of the corporate centre versus a government town.

It probably also has something to do with the size of living spaces there which are smaller and the milder climate. Of course, a much higher income is needed to live there in their vertically gated communities than here.

Although even the higher income may not allow many to have a big enough space for kids, so there is disposable income and time to go out. However, at some point they may have to make a choice and move if they want kids.