The complex would be three floors, and Walmart would occupy levels two and three. Underground parking for about 300 cars would also be provided.
Urban Planner David Fitzpatrick analysed the situation and feels Walmart won't harm the area. In a nutshell, he believes Walmart and Kensington Market attract substantially different customers looking for substantially different products. He goes so far as to say that business in the Kensington Market area could be improved with more people being attracted to the new Walmart, and the new Walmart's parking being used for Kensington shoppers. For David's excellent analysis, click here.
On Monday we'll announce and discuss two American luxury department stores contemplating Canadian retail space. Have an excellent weekend, and thank you for reading Retail Insider.