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Stories Tagged - retail

The District at Beltline.
Courtesy of CBRE
News

Jan. 29, 2021 | Barb Livingstone

Refreshed Beltline real estate development could become office hub for Calgary's burgeoning tech sector

While downtown Calgary struggles with an office vacancy rate nearing 30 per cent, a unique "campus" development in the heart of the Beltline is seeing success.

Getty Images
News

Dec. 15, 2020 | Mario Toneguzzi

A Calgary real estate Christmas list

Dear Santa,


My oh my, it certainly has been an interesting and challenging year, with the COVID-19 pandemic impacting almost every part of our lives.

Courtesy Canderel MDC Development Management Inc.
News

Nov. 20, 2019 | Mario Toneguzzi

Costco announced as anchor tenant of Tsuut'ina Nation's Shops at Buffalo Run

The Tsuut'ina Nation is developing Calgary's latest power retail centre with the Shops at Buffalo Run, which will feature the region's newest Costco store – the first ever location for the retail giant on First Nation land in Canada.

Cody Stuart / CREB®Now
News

Sept. 04, 2019 | Mario Toneguzzi

Movers and shakers: Trends in the Calgary commercial real estate market

The health of Calgary's commercial real estate market is often defined by what's happening with the city's downtown office space, but it doesn't tell the whole story.

Courtesy Calgary Municipal Land Corp.
News

March 15, 2019 | Karen Durrie

Completion of East Village's first purpose-built rental project approaches

The redevelopment of the East Village has brought new life to an area that was once a no man's land of unsightly industrial buildings and decaying historic landmarks.

An influx of new residents has breathed life into the area, but as modern condo towers rose and filled up with buyers, one thing was lacking: rental options.

Courtesy Calgary Municipal Land Corp.
News

March 15, 2019 | CREBNow

Completion of East Village's first purpose-built rental project approaches

The redevelopment of the East Village has brought new life to an area that was once a no man's land of unsightly industrial buildings and decaying historic landmarks.

An influx of new residents has breathed life into the area, but as modern condo towers rose and filled up with buyers, one thing was lacking: rental options.

Courtesy RioCan
News

March 13, 2019 | Barb Livingstone

5th and Third will bring fresh mix of retailers to East Village

The construction machinery sprawled across a whole city block in Calgary's East Village tells a retail success story.

The 5th and Third development (named for its location at Fifth Avenue and Third Street S.E.) is being constructed and leased by RioCan. The project is two-thirds of the way towards completion and on schedule to open in 2020, says Terri Andrianopoulos, RioCan's national vice-president of marketing and communications.

Courtesy Fourth Street BIA
News

Dec. 05, 2018 | Andrea Cox

Brimming with old-fashioned holiday cheer, inner-city neighbourhoods are a shopper's dream

The holidays are just around the corner, and what better way to kick off the season then a visit to one of Calgary's trendy, inner-city neighbourhoods to stroll through a collection of locally owned ateliers, art galleries and vintage stores.

According to Calgary business improvement associations (BIAs), local shopping is expected to be popular this year, and retailers in inner-city shopping districts are primed for an influx of visitors.

Amy McGregor, retail associate with Barclay Street Real Estate, says the pop-up retail trend is becoming more popular in the city. Photo by Adrian Shellard/For CREB®Now
News

Jan. 28, 2017 | CREBNow

Pop-up goes the store

Calgary retailers making the most of high vacancy rate


Calgary commercial experts say local retailers are becoming increasingly savvy in their fight for market share, challenging the traditional brick-and-mortar concept of doing business in favour of a pop-up model.


''I do think the trend is becoming more popular because of online shopping," said Barclay Street Real Estate retail associate Amy McGregor, who is working with Calgary Economic Development to research pop-up shops and facilitate a process for new business owners by connecting with landlords.


"Online retailers kind of want to dip their toe in the retail market and it's a low investment way to do that. There's more opportunity and more likelihood that landlords will give them the opportunity for the shorter-term leases."


Joe Binfet, managing director/broker of Colliers International in Calgary, said the city's office market is gaining traction following challenging conditions in 2016. Photo by Wil Adruschak/For CREB®Now
News

Jan. 10, 2017 | CREBNow

Positive traction

Real estate officials expect conditions to support turnaround in downtrodden commercial market

Calgary's commercial real estate market is showing signs it is finally moving on from tough economic conditions that sent vacancy rates soaring and rents plummeting over the past two years, say officials.

''There is a sense in the market that the worst is behind us and that conditions will gradually improve," said Joe Binfet, managing director/broker of Colliers International in Calgary.

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