PORSCHE DESIGN TO OPEN STORES ACROSS CANADA

 

German luxury retailer Porsche Design will open stores across Canada according to sources, and its list of desired cities includes Calgary, Ottawa, Montreal, Vancouver and possibly Edmonton. It is also expected to open at least one more Toronto-area store. The company is testing the market, having already opened a pop-up shop at Toronto's Sherway Gardens as well as a temporary store location in Vancouver. We'll briefly describe Porsche Design's potential plans in several cities:

Calgary: 

A source at Porsche Design tells us that the company is looking to open in Calgary's Chinook Centre, ideally close to the mall's new Nordstrom store which is scheduled to open in the fall of 2014. The source wasn't sure if Porsche Design has already signed a lease in the mall.

Toronto:

Porsche Design's Sherway Gardens pop-up store, which opened a few days ago, will remain open for only about two months. A company representative says that Porsche Design is hoping to secure a permanent retail presence in the mall by the end of 2014. 

Another possible Toronto store location could be at the Yorkdale Shopping Centre. A source tells us that Porsche Design might look to take over the 1,365 square foot retail space currently occupied by ICON Shoes, as ICON's lease expires in 2014. The space is located across from the mall's expanding Holt Renfrew store and is within close proximity to upscale stores such as MulberryTiffany & Co.CartierSalvator FerragamoDavid Yurman and others.

  Porsche Design pop-up shop at Toronto's Sherway Gardens. Photo: Sherway Gardens

Porsche Design pop-up shop at Toronto's Sherway Gardens. Photo: Sherway Gardens

Edmonton: 

An Edmonton store is a possibility for Porsche Design, and we were informed that West Edmonton Mall would be the most likely location. Our source wasn't able to provide any further information as to when this could happen or its location within the mall. 

Ottawa and Montreal:

Ottawa and Montreal have both been mentioned as possible locations for Porsche Design stores, though we have few details besides Ottawa's Rideau Centre being the likely candidate for an Ottawa store location.

More on Porsche Design in Canada: 

Porsche Design already has two Canadian store locations: one on Toronto's Bloor Street and another which opened last week in Downtown Vancouver. Further plans to expand show Porsche Design's confidence in Canada's luxury retail market.

It appears that Porsche Design's presence in Canada could become substantially greater, per capita, than that in the United States. Porsche Design only has 11 American store locations and one outlet location. Within a couple of years, Canada could have as many as 8 Porsche Design stores (though we suspect that number will end up being more like 5).

We'll continue to keep you updated on Porsche Design's Canada-wide store expansion.

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PORSCHE DESIGN OPENS ITS 2ND CANADIAN STORE LOCATION IN VANCOUVER

[Image Source]

Porsche Design has opened its second Canadian retail store location in Vancouver. A source tells us that the current location is only a temporary one, as there is a free standing store scheduled to open below the new Nordstrom in Vancouver's Pacific Centre toward the latter part of 2015. 

The current, temporary Porsche Design store is located on the basement level of Hudson's Bay, adjacent to TopShop/TopMan. A source tells us that in early 2014, Porsche Design will relocate to a dedicated space within the Hudson's Bay store for a period of about 1.5 years, until its store below Nordstrom is completed. This permanent location will be in a 48,000 square foot expansion of Pacific Centre.

Concourse level of Vancouver's Downtown Hudson's Bay store, including the temporary location of Porsche Design. Note: The space indicated in light blue is currently for lease. Image: PBS Realty Advisors

For those unfamiliar, Porsche Design retails high quality, high-priced clothing, accessories, luggage, watches and various novelties. The company was founded in Germany in 1972 to compliment the Porsche motorcar business. It concentrates on product design and products are often manufactured for a limited time. Porsche Design has 11 store locations in the United States as well as one outlet mall location. It also boasts store locations worldwide and its products are also carried in various upscale international retailers. 

Porsche Design's first Canadian store opened at 77 Bloor Street West in Toronto in the summer of 2012. The 1,600 square foot store has been popular with affluent shoppers, according to Retail Insider's Karim Rashwan.

For a while, it appeared that Pacific Centre's landlord was having trouble leasing the retail space located under the mall's future Nordstrom store. We've been informed that some retailers have finally signed leases beneath Nordstrom, including, of course, Porsche Design. We'll discuss some of the other new retailers at a later date.

[Porsche Design website]

GETTING UNDER NORDSTROM: RETAILERS ARE HESITATING

Source: Cadillac Fairview

 A source tells us that Vancouver's Pacific Centre is struggling to secure tenants for its new retail space, to be located directly below Nordstrom. The 48,000 square feet of new retail will be accessed from the mall as well as by an escalator descending from Robson Street. 

Our source says that Pacific Centre's landlord, Cadillac Fairview, only wants "individual brands" as tenants, rather than national retailers. Some brands have shown interest but have yet to sign leases. We're waiting to hear who will sign, and what stores will follow. 

Proposed lease plan (space below Nordstrom). Source: Cadillac Fairview

This may eventually prove to be a good idea on the part of the landlord. Securing individual brands, rather than retailers available elsewhere, may help differentiate Pacific Centre's new retail. It appears, however, that retailers may be holding back on signing leases for the new spaces. This may partly be due to the retail being located in the basement of the mall, even though it's located below Nordstrom with Robson Street access. There might also be a "wait and see" situation emerging, where retailers are waiting to see who bites first for the basement retail space.

We think being below Vancouver's flagship Nordstrom store is a good thing, especially with escalator access to Robson Street. We've heard the names of a few brands interested including AllSaints, and we'll update you on who's moving downstairs. 

[Pacific Centre website]

'Skin Removal' of Vancouver's 'Giant Toilet Bowl' Starting Today

[Image Source]
Today the exterior of Vancouver's former Downtown Sears store will start to be dismantled for the renovation and arrival of Nordstrom, as we previously reported, as well as for offices above.

The building's exterior panelling will be removed using an electric crane on a swing stage.  This is similar to a window cleaning stage (they say), which will lower to panels to the street level for removal. Panel removal starts with the TD plaza area and then moves clockwise, meaning panel removal will subsequently happen on the building's Granville Street side, then Robson street, then the Howe Street side.
[Image: Built Form, Vancouver Skyscraper Forum]
'Built Form' of Vancouver Skyscraper Forum provided this photograph, above, of the ground floor demolition of the interior of the former Sears space.

Thank you to 'officedweller' of Vancouver Skyscraper Forum for providing us with the update on the Pacific Centre Nordstrom project.


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Nordstrom Expects Vancouver Store to be Top Performer... Until Manhattan

Image: Cadillac Fairview
Vancouver BC's new Nordstrom store is forecasted to be the company's top performing store by 2017. The 230,000 square foot store is forecasted to bring in about $200million+/year in revenues, expected to surpass top-performing Chicago (Michigan Avenue) and Seattle (Downtown) flagship stores.

In 2018 its 285,000 square foot Manhattan store will open and is forecasted to sell substantially more than the Vancouver store ($300million+/year). A yet-to-be determined Toronto flagship Nordstrom is also expected to do well, though of course they first have to find a location (likely either at the Toronto Eaton Centre or Oxford Place, as previously reported).
Rendering of Manhattan Nordstrom store. Image: http://massforma.com/arch/nordstrom-tower
Last week we spoke to a Nordstrom executive by telephone from Seattle. This insider (we won't name names) informs us that the chain's top performing stores are 'doing well' but that Nordstrom would like to see revenue increases especially at their larger flagship locations. The Nordstrom insider expressed frustration at the downturn in high-end sales at Nordstrom's San Francisco store, for example, and how sales have decreased at its South Coast Plaza (Costa Mesa, California) store, formerly its top performer.

This week we'll provide further insider information on Vancouver's (and other Canadian) Nordstrom stores. This includes some new information on store interiors.

Nordstrom website: www.nordstrom.com

Nordstrom Manhattan project website: http://massforma.com/arch/nordstrom-tower


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Holt Renfrew Attempting to Expand Vancouver Store

Holt Renfrew Vancouver. Photo taken from basement-level men's floor. Image: ibigroup.com
We have received word that Vancouver's Holt Renfrew would like to expand its Vancouver store via annexing space currently occupied by a sports retailer. The sports retailer's lease expires in about a year and Holt's wants more space.

The current store is just over 137,000 square feet. An expansion would see the store expand to about 175-180,000 square feet. This means it wouldn't be much smaller than the new Nordstrom store set to open at the other end of Pacific centre Spring 2015.

The proposed expansion would include expanded space on the store's 'ground floor' and basement level. A retail insider speculates the main-floor space would at least partly become a large women's shoe floor, as Holt's current shoe floor is small for its high level of sales. The possible basement level expansion may become storage and space for an expanded men's floor and restaurant.

We had speculated that this proposed expansion would mean a third-level restaurant could open at Holt's. This may not be the case, as a Holt's insider tells us that the top-floor restaurant didn't open partly because of a lack of proper freight elevator and other potential code infractions. If the expansion happens, hopefully a restaurant would be included on a lower-level.

We think Holt's shoe salon should include several dedicated luxury shoe boutiques such as Prada, Gucci, Jimmy Choo and others. Luxury department stores around the world have done the luxury shoe shop-in-store concept with success, including London's Selfridges and Ireland's Brown Thomas stores, both owned by Holt's Weston family.

Check out the 21,500 sq ft women's shoe space opened September at Breuninger department store in Stuttgart, Germany. It's got 6 shops including Prada, Prada Rossa, Miu Miu, Gucci, Jimmy Choo and Tod's. This video of the grand opening shows some very interesting ceiling lights, as well. We'd love a shoe floor like this in Canada, as we have nothing yet that compares.

Holt Renfrew website: www.holtrenfrew.com

Breuninger website: www.breuninger.com


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Retail Insider Visits Giorgio Armani Black Label Men's Boutique in Vancouver

Giorgio Armani Boutique at Harry Rosen, Pacific Centre, Vancouver. Image: Harry Rosen
Today Retail Insider visited the new Giorgio Armani Black Label men's shop inside of Harry Rosen at Pacific Centre in Vancouver, BC. Well it's sort of new: it opened early September 2012. It was looking good, but we were a bit confused to see a mixture of the pricy 'Black Label' merchandise with slightly less-expansive 'Armani Collezioni' merchandise in the same boutique.

We're also surprised Holt Renfrew didn't score Giorgio Armani Black Label for men. At least Holts would have maintained a dedicated monobranded boutiqe. Holt Renfrew exclusively carries Giorgio Armani Black Label for women in Canada at its Vancouver, Montreal and Toronto (Bloor St) stores.
Giorgio Armani Boutique at Harry Rosen, Pacific Centre, Vancouver. Image: Harry Rosen
The shop has some nice merchandise, nonetheless. It's worth checking out if you've got a budget for higher-priced menswear. Giorgio Armani Black Label men's clothing is also available at Harry Rosen at 82 Bloor Street West in Toronto.

Harry Rosen website: www.harryrosen.com

Giorgio Armani website: www.giorgioarmani.com




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Pacific Centre Nordstrom Expansion Floorplans Revealed

Pacific Centre Lease Plan: 48K expansion below Nordstrom. Image: www.725Granville.com - Cadillac Fairview
Today Cadillac Fairview revealed the floorplan for the retail level located directly below the new Nordstrom store. The retail will be one level and will keep with the aesthetic of the rest of the Pacific Centre mall level. Escalators from the mall will rise to the corner of Granville and Robson Streets as per the floorplan above...

Image: www.725Granville.com - Cadillac Fairview
Don'e expect an exciting looking mall-level retail expansion. It appears the ceilings will be as low as in the rest of the mall, and it doesn't appear there will be any sort of skylight to Nordstrom/the office building above.

Robson/Granville rendering. Nordstrom's entrance will be 725 Granville Street, and a Pacific Centre's mall entrance will be directly on the corner, accessible via escalators from the street
The new mall retail will be about 48,000 square feet. The office building above Nordstrom will be accessible via an entrance off West Georgia Street. If you are interested, office floorplate floorplans for this project are also online. The address for this new project will be 725 Granville Street, and this is its website: http://www.725granville.com.
The offices over Nordstrom have their own entrance lobby on the Granville/Georgia Plaza. Image: www.725Granville.com - Cadillac Fairview

Nordstrom website: www.nordstrom.com

Cadillac Fairview website: www.cadillacfairview.com

Nordstrom Expansion Project website: www.725Granville.com


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New Nordstrom Pacific Centre and Sherway Gardens Renderings

This morning, Cadillac Fairview released renderings of two new Canadian Nordstrom stores: Several at Vancouver's Pacific Centre, the other at Toronto's Sherway Gardens. Let's start with the new Vancouver store:

Nordstrom Pacific Centre, Granville/Georgia entrance: James Cheng/Cadillac Fairview
Nordstrom Pacific Centre, Robson/Howe Street entrance: James Cheng/Cadillac Fairview
Nordstrom Pacific Centre, from Robson Street near Hornby Street: James Cheng/Cadillac Fairview
Nordstrom Pacific Centre, Granville/Robson entrance: James Cheng/Cadillac Fairview
Nordstrom in blue. Notice the 2 light wells for offices above. Image: James Cheng/Cadillac Fairview
Howe Street exterior of Pacific Centre Nordstrom: James Cheng /Cadillac Fairview
Nordstrom's Pacific Centre Vancouver store will include four levels of office space, serviced by two internal light wells. Each office floorplate will be about 70,000 square feet, being the largest office floorplates in the city.

The building is being re-designed by architect James Cheng. As we previously reported, Nordstrom will occupy 230,000 square feet on levels Ground, two and three, while the lower-level of the former Sears store will be 48,000 square feet of multiple-tenant retail. 
Sherway Gardens, Toronto. Nordstrom in blue. Image: Cadillac Fairview
The Sherway Gardens store will be newly-built 138,000 square feet, located where the mall's Sporting Life anchor currently resides as we previously posted.

We are expecting further renderings in the near future, and will continue to update this page.

Be sure to follow us on twitter and Facebook, as we provide interesting updates sometimes not included on this website.

Nordstrom website: www.nordstrom.com

Cadillac Fairview website: www.cadillacfairview.com


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Nordstrom Press Release Names First Four Canadian Locations

Photo: Bloomberg
This morning Nordstrom and commercial real estate owner/manager Cadillac Fairview announced Canada's first four Nordstrom locations. We previously reported these four locations, and we now have more information on opening dates and store sizes:

1) The Vancouver Pacific Centre location will be about 230,000 square feet and will occupy the ground, second and third floors of the current Sears location. The top four floors will be 280,000 square feet of office space, and the 48,000 sq ft basement level will be a retailed extension of Pacific Centre's mall-level. It will open Spring 2015.

2) The Calgary Chinook Centre store will be about 140,000 square feet, occupying the Sears store at the North end of the mall. It will open Fall 2014.

3) The Ottawa Rideau Centre store will be about 157,000 square feet, occupying the two upper levels of of the three-level, 240,000 sq ft  current Sears store. It will open Spring 2015.

4) The Toronto Sherway Gardens store will be about 138,000 square feet, and will be a newly-built store at the south-end of the mall (currently occupied by Sporting life, as we previously reported). It will open Fall 2016.

And now for the information not provided in today's press conference. Nordstrom and Cadillac Fairview are actively trying to take over Sears leases at The Toronto Eaton Centre and Toronto's Yorkdale Shopping Centre. Part of the 800,000 square foot Toronto Eaton Centre store would be Nordstrom, part of the space would be sub-divided, and part might possibly go to La Maison Simons, the Quebec-based retailer seeking a Canadian expansion. The 190,000 square foot Yorkdale store would be entirely (or mostly) Nordstrom, going head-to-head with neighbouring Bay and Holt Renfrew stores.

Nordstrom is examining other retail locations across Canada. Many of these are currently occupied by Sears Canada. A few potential locations include:

-Edmonton: Sears Southgate Shopping Centre
-Richmond, BC: Sears Richmond Centre
-Burnaby BC: Metropolis at Metrotown
-Winnipeg MN: Sears Polo Park

Nordstrom's president, Blake Nordstrom, says Canada has room for between six and nine full-sized Nordstrom stores.

Readers may note that some of the Nordstrom stores seem a bit 'small' and indeed are only slightly larger than a full-sized Holt Renfrew store. Canada's Nordstrom's will initially lack some services offered by some larger American Nordstroms, such as spas, multiple restaurants, and wedding dress salons. The Vancouver store, however, will likely have all of these.

Both Holt Renfrew and The Hudson's Bay Company will be scrambling to secure designer labels and vendors. Holt Renfrew already has massive expansion plans as we previously reported, and The Hudson's Bay Company will issue an IPO late October 2012 to raise much-needed funds (over $1billion) to renovate many of its Canadian locations.

We will consistently update this website with further Nordstrom Canada news, as well as Hudson's Bay Company and Holt Renfrew efforts to modernize and expand their current locations in anticipation of retail competition previously unseen in Canada.

Nordstrom website: www.nordstrom.com

Cadillac Fairview website: www.cadillacfairview.com




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Nordstrom Formally Announcing Canadian Locations Thursday, September 13th

Image :Nordstrom
Nordstrom will announce its first round of Canadian stores via press conference on Thursday, September 13th. We have been provided some insider info from our mole at the Seattle headquarters, and have been asked to not share it until after the Toronto press conference. We can confirm that there will eventually be more than four Nordstrom stores in Canada, though only four will initially be announced.

This is only the beginning. Nordstrom Rack will also open multiple locations in Canada, and we will provide details as they come available. Nordstrom will also be carrying some designers not currently readily available in Canada (or at all), and it will be snatching up some exclusive designers from both The Hudson's Bay Company and Holt Renfrew. Expect label wars unprecedented in Canadian history.

As a teaser, next week we'll be discussing Nordstrom's retail interiors and how Canadian locations will be slightly different than American Nordstroms. Nordstrom will also introduce some hard-shops for women's accessories and clothing, competing directly with Holt Renfrew's designer floors. The Hudson's Bay Company should also be concerned, as Nordstrom will carry both Coach and Burberry.

One of Nordstrom's Canadian challenges will be menswear. Details to follow next week.

Watch this website Thursday and follow us on twitter (@retailinsider_) for timely updates on Nordstrom's entry into Canada!

Nordstrom website: www.nordstrom.com




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Many of North America's Most Productive Malls are in Canada

Caesars Palace Las Vegas. Photo from ExploringLasVegas.com
We're still surprised that many Canadian malls are out-performing American malls' sales per square foot. Vancouver BC's Pacific Centre recently pulled ahead of Las Vegas' Caesar's Palace as the most productive shopping centre in North America (excluding Pacific Centre's 636,000 square foot Sears store that is closing October 7 2012). 

All prices are in Canadian Dollars (which at press time is comparable to the American Dollar). These quotes are 2012 estimates from KPMG. KPMG puts Pacific Centre's 2012 per square foot analysis at $1580/square foot. Las Vegas' Caesar's Palace comes in at about $1470/square foot. 

Here is our list of 'top 15' North American malls and their sales per square foot: 

1. Pacific Centre, Vancouver BC Canada: $1580/sq ft
2. Caesar's Palace, Las Vegas NV USA: $1470/sq ft
3. Toronto Eaton Centre, Toronto ON Canada: $1320/sq ft
4. Yorkdale Shopping Centre, Toronto ON Canada: $1300/sq ft
5. Ala Moana Shopping Centre, Honolulu HI USA: $1250/sq ft
6. Oakridge Shopping Centre, Vancouver BC Canada: $1200/sq ft
7. Chinook Centre, Calgary AB Canada: $1055/sq ft
8. Mall at Short Hills, Short Hills NJ USA: $1050/sq ft
9. Mall at Millenia, Orlando FL USA: $1040/sq ft
10. Rideau Centre, Ottawa ON Canada: $1020/sq ft
11: Sherway Gardens, Toronto ON Canada: $950
12: Fairview Mall, Toronto ON Canada: $880/sq ft
13: Fashion Valley Shopping Centre, San Diego CA USA: $875/sq ft
14: Peter Pond Mall, Ft. McMurray AB Canada: $850/sq ft (we're not joking about this one)
15: Garden State Plaza, Paramus NJ USA: $750/sq ft

That's 6 American malls and 9 Canadian malls. 

We note that Pacific Centre's Apple store pulls in over $70 million/year at just 5366 square feet. We're thinking Apple stores might also prop sales at some of these other shopping centres. 

We were at a bit of a loss as to why Canadian malls were higher. Then we found this excellent analysis by David Fitzpatrick of REUrbanist: http://reurbanist.com/2012/08/growth-in-canadian-mall-sales-performance. This guy knows his stuff. We recommend reading his article if you're interested in examining how currencies and other factors may contribute to Canada vs. USA mall performance. Our favorite quote from David's article?

"I think this chart just shows that you are getting ripped off a lot more than you were a decade ago when you buy retail merchandise in Canada. That $150 CDN dress you bought is worth $150 USD today, but would have been worth only $95 USD in 2002. And most likely, you are taking on increasingly depressing levels of consumer debt to make that purchase." (this comes after the author noting a direct correlation between the closing currency gap and the increased productivity of Canadian malls)

REUrbanist website: http://reubanist.com


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First Look at Nordstrom, Pacific Centre Vancouver (BC, Canada)

Proposed changes to the Sears Building in Vancouver, BC (Cadillac Fairview)
Retail Insider received a rendering of the proposed reconstruction of Vancouver's Pacific Centre Sears store.  The proposal includes four (possibly five) levels of retail space and four levels of office space. No office tenants have been confirmed, though one broker speculates one office tenant could be the Canadian headquarters for Nordstrom.

Nordstrom will take 225,000-230,000 square feet of the proposed 300,000+ square feet of retail space (basement plus three levels above ground), while the top four floors will include 290,000 square feet of office space. The new retail space's configuration has not been finalized as of press time, but you can expect the basement to be devoted to multiple retailers. Nordstrom will be above, while Nordstrom's prime accessory/cosmetic/shoe spaces will be on the ground floor.

Cadillac Fairview, Pacific Centre's landlord, is looking to expand the mall with more lucrative retail space on the lower level of the current Sears space. It expects Nordstrom will bring hoards of new shoppers to the mall, which is already the second most productive per square foot in North America (after the Forum Shops at Caesar's in Las Vegas).

Pacific Centre website: www.pacificcentre.ca

Nordstrom website: www.nordstrom.com




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NORDSTROM Secures Leases for 4 Canadian Stores

Retail Insider was just informed that Nordstrom has secured leases for 4 Canadian stores. These locations will include:

1. Pacific Centre in Vancouver, British Columbia - ~225,000 square feet
2. Chinook Centre in Calgary, Alberta - ~140,000 square feet
3. Rideau Centre in Ottawa, Ontario - ~150,000 square feet and
4. Sherway Gardens in Toronto, Ontario - ~140,000 square feet. 

The first three locations are currently occupied by Sears stores, while the Sherway Gardens store will be a new-build Nordstrom location, corresponding with an expansion of the shopping centre. The 225,000 sq ft Sears  store at Sherway will continue to operate. Nordstrom's board of directors is expected to approve these leases by early next week, while a formal announcement could take up to two months. 

Negotiations are still underway for Nordstrom to occupy part of the current Sears store at the Toronto Eaton Centre. Talks are also underway for Nordstrom to take over the current Sears location at Toronto's Yorkdale Shopping Centre. A previous attempt at building a 165,000 sq ft Nordstrom at the East side of Yorkdale fell through, so talks to take Yorkdale's Sears is still proposed. Yorkdale's Sears store is 190,000 square feet.

Given the size of these locations, it is expected that at least the Vancouver store will include such amenities as restaurants, spas, and the luxury women's department called 'Collectors' (carrying such designers as Valentino, Gucci, Yves Saint Laurent, Prada, Lanvin, Missoni, etc). The new Sherway Gardens store is expected to include a smaller Collector's department, which will compete directly with a future-expanded Holt Renfrew store in the same mall.

At press time, Bloomingdale's is still negotiating with The Hudson's Bay Company to open concessions within several Bay stores, including a full-line Bloomingdale's store at 44 Bloor Street East in Toronto, Ontario. 

More info to follow. Stay tuned! 

Nordstrom website: www.nordstrom.com

Bloomingdale's website: www.bloomingdales.com




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NORDSTROM STRUGGLES WITH OPENING IN CANADA




Nordstrom management has just confirmed that it is still interested in coming to Canada, but it is struggling with Canadian law relating to their bringing-in full-time American management to run Canadian operations. A Nordstrom insider confirms that this is a challenge, despite their being interested in three Cadillac-Fairview owned Sears locations: Pacific Centre in Vancouver, BC, Chinook Centre in Calgary, Alberta, and the Rideau Centre in Ottawa, Ontario. A Toronto location is speculated to be in a suburban mall, either Yorkdale Mall or Sherway Gardens.

Lease negotiations continue, but the company is currently grappling with how it will bring Americans to run Canadian operations.  Lease negotiations for a Toronto Eaton Centre store recently stalled, much to the dismay of Toronto commercial leasing insiders. Efforts will continue to secure leases for a Downtown Toronto Store, as well as one or two suburban locations.

Nordstrom is currently seeking approximately 220,000 square feet in Vancouver and about 150,000 square feet in both Ottawa and Calgary. If Nordstrom succeeds in securing Canadian locations, Canadian headquarters would likely be located in Vancouver, BC. We will provide more information and developments as they come available.

Nordstrom website: www.nordstrom.com


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