02-16-2023, 08:27 PM
(02-16-2023, 07:49 PM)tomh009 Wrote: Given that it's a condo building, that retail space would likely be a condo unit that is sold anyway; the unit owner, of course, could try to entice a grocery store to move in. I suspect that the grocery retailers are loth to invest in real estate in general.
Not necessarily - the commercial spaces in the first phase of station park are rentals.
Also not sure that grocery retailers aren’t wanting to invest in real estate? Choice Properties REIT is one of the largest in the country and is owned by Loblaws/George Weston Ltd. Similarly, Sobey’s/Longos/Freshco, etc. parent company Empire Company has a subsidiary real estate investment company, Crombie REIT.