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BOMA 2016
Retail Overview
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2
Agenda
•Alberta Retail Market Overview
•Emerging Retail Trends
•Notable Market Entrants & Acquisitions
•Featured New Developments
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Edmonton EconomyRetail Sales
Source: ATB
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Save-On-Foods:
•Browse products online
•Select and indicate preferences for goods
•Send your order for delivery or pick-up from select stores
Superstore:
•Order online
•Retrieve your order at a selected location
•Edmonton was the first market in Western Canada to
receive the company’s click-and-collect service.
Emerging Retail TrendsOnline Shopping Competition Increases
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Tablet
28%
Emerging Retail TrendsHow Consumers Conduct Digital Product Research
Smartphone
28%
TV
2%
Desktop/Laptop
83%
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Emerging Retail TrendsTrend Subscription Economy
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Notable Edmonton Market Entrants
Saks Off 5th
• The Retailer it’s first
Edmonton location at
South Edmonton
Common on
September 1st.
• Saks OFF 5th has
opened 13 stores in
Canada so far and
plans for 25 by 2018
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• Nordstrom Rack plans to open an
Edmonton location in Fall 2018
• The company plans to open between 15
and 20 new locations in the next few
years across Canada
Notable Market Entrants
Nordstrom Rack
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Notable Recent Acquisitions
Bass Pro Shops Acquires Cabela’s for $5.5 billion USD
• Nearly doubled locations throughout the USA
and Canada with addition of 85 Cabela’s
properties
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Original Joe’s / State & Main for $93 million CAD
• Cara now holds an 89.2% stake in Original Joe’s Franchise
Group Inc.
• 99 locations across Canada, including 66 Original Joe’s, 23
State & Mains, and 10 Elephant & Castles
Notable Recent Acquisitions
Cara Foods Acquires:
St. Hubert for $537 Million CAD
• 117 Restaurants, 2 Distribution Facilities & Real Estate
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Brewery District – First Capital Realty & Sunlife Financial
• 300,000 square feet of mixed use office/retail with 250,000 square feet of underground
parking on a 13 acre site
• Tenants include Loblaws City Market, Winners, Shopper’s Drug Mart, Good Life Fitness, and
Mountain Equipment Co-Op.
Notable Centres Under DevelopmentEdmonton
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ICE District– ONE Properties102 Street and 103 Avenue
• 300,000 square feet of multi-level retail area under development
• Edmonton Tower is set to finish construction in 2017, Stantec
Tower in 2019 and Ice District Tower B in 2020
• Edmonton’s newest luxury hotel will be arriving with the JW
Marriott, offering 356 rooms and suites with upscale amenities
Notable Centres Under DevelopmentEdmonton
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Manning Town Centre & Village – Cameron Developments
• 850,000 square feet of leasable retail area on a 75.3 acre site
• Major tenants currently open for business include Cineplex,
Cabela’s, Sportchek, Winners, Marshal’s and Lowe’s.
• Superior Access: Now accessible via 153 avenue on Anthony
Henday Drive. Transit service recently began running to this
location, as of September 2016.
Notable Centres Under DevelopmentEdmonton
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Jensen Lakes Crossing – Melcor Developments
• Landmark Cinemas recently announced a May 2018 opening
of an 8 screen theatre.
• 17 Acre development site in North St. Albert
• 105,000 square feet of retail space
Notable Centres Under DevelopmentSt. Albert Trail & Jensen Lakes Blvd.
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Premium Outlet CollectionLocated at YEG Airport
• 428,000 + square feet of leasable retail area
•
• Over 100 stores and services
• Scheduled opening Fall 2017
Notable Centres Under DevelopmentEdmonton