Victoria's Secret confirms Robson Street mega-store

Limited Brands Inc. (NYSE:LTD) has signed a lease for 35,000 square feet at the corner of Robson and Burrard streets and plans to put the ...

Limited Brands Inc. (NYSE:LTD) has signed a lease for 35,000 square feet at the corner of Robson and Burrard streets and plans to put the second largest Victoria's Secret store in North America in the marquee location that formerly housed HMV.

Business in Vancouver broke the story in April that Limited Brands was negotiating this deal.

"Victoria's Secret will take possession next month and should open in May 2013," said Bob Nicholson, who is the retail asset manager at Morguard Investments Ltd., which manages the site on behalf of owner HOOPP.

Limited Brands will start paying rent on the space once their store opens.

"You won't recognize the site when it's done," Nicholson said.

He then explained that, although the exterior of the building will stay largely as-is, the inside will change dramatically. Gone will be the mezzanine level to be replaced with higher ceilings. Another change will relate to the part of the building where CTV and the Globe and Mail lease space.

The entryway lobby to the CTV offices will become part of the 15,000-square-foot main level for Victoria's Secret. Victoria's Secret will take the entire 20,000-square-foot lower level that was formerly part of the HMV store.

The high ceilings in the lobby entryway to CTV will also be reduced as the third and fourth floors get extended. CTV will consolidate on the fourth and fifth floors while the Globe and Mail will take half of the third floor, Nicholson said.

"I would guess that next to the rumoured future Nordstrom announcement at the Sears space, this is the most significant store to come to Vancouver in a long time," Nicholson said.

Limited Brands opened its first four Canadian Victoria's Secret stores in 2009. It added four more in 2010 and another eight in 2011, including the first Metro Vancouver location at the Vancouver International Airport in November.

gkorstrom@biv.com

@GlenKorstrom

comments powered by Disqus

More from Retail & Manufacturing

B.C. retailers bear fruit in the Big Apple

Indochino, Aritzia, Lululemon among fashion houses with New York City flagship stores

Read Article

BIV on Global BC September 19, 2017: Toys "R" Us bankruptcy protection; ...

Hayley Woodin discusses Toys "R" Us filing for bankruptcy protection. Plus: Canada and the UK work toward a new free trade deal

Read Article

Burnaby’s Whistler Water thirsty for global markets

Company’s change of ownership helps breathe new life into bottled-water business

Read Article

Surrey-based company redefines mobility

Arktos Developments Ltd. nominated by Surrey Board of Trade for innovation

Read Article

Indochino expands HQ, moves to Granville Street

Custom suit-seller also announces managment-team promotions

Read Article

Subscribe to our mailing lists

You may withdraw your consent at any time.

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
Business in Vancouver Media Group
303 West 5th Avenue, Vancouver, British Columbia
V5Y 1J6 · Canada
604-688-2398
×