Winnipeg retail glut slowly luring in tenants

Old Winnipeg Zellers space is nearly filled, while the city is still dealing with an abundance of space left behind by Target's absence

Western Investor
July 28, 2017



The last of Winnipeg’s empty Zellers stores has finally been dealt with.

Well, almost.

Peavey Mart – a Canadian-owned urban-farm market, hardware and general store that is scheduled to open next spring – has taken nearly half of the 72,000-square-foot location in the Fort Richmond Plaza in south Winnipeg.

John Pearson, a commercial broker/developer and retail specialist with Shindico Realty Inc., said the mall had been in a “difficult state” for several years as its two anchors were Zellers and an outdated Safeway store. The mall is on the rebound as a new Sobeys Extra has since replaced the Safeway, and Scotiabank is also slated to move in.

Pearson said he’s in discussions with a couple of other retailers about taking over the remaining Zellers space and hopes to have it filled within 12 to 18 months.

Minneapolis-based Target briefly operated stores in four former Zellers locations in Winnipeg. The biggest white elephant of all, Target’s 170,000-square-foot store, located across the street from CF Polo Park, is still empty.

Copyright © Western Investor

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