Calgary Openings, Closings, and Developments

[Johnny Makarov]

oh update on the Toys R Us grand opening. It was awesome! Somehow they messed it up and not only did they give you 25% off everything(not just 1 item), everything in the store was already 10% off and they lumped it together. So it came to like 35% off everything.

I wonder how much money they lost? lol.

[Lubicon]

Originally Posted by Muta

Calgary pauses applications for office-to-residential conversions due to 'tremendous' demand

https://calgaryherald.com/news/local...mendous-demand



You love to see it. The program has its challenges (especially technical ones), but adding 2,300 residences in the downtown core is outstanding. Hopefully the demand keeps going strong when funds become available again.

Where is the funding coming from for the program? Seems like win-win-win for the City-people-whomever else is funding the program so would be a great opportunity for the Feds/Province to add a little more $$ to the kitty.

[D as in David]

Originally Posted by Lubicon

Where is the funding coming from for the program? Seems like win-win-win for the City-people-whomever else is funding the program so would be a great opportunity for the Feds/Province to add a little more $$ to the kitty.

The province wouldn't be interested unless they can somehow blame Trudeau at the same time.

[sureLoss]

Didn't realize Chipolte is now open in Calgary:

https://www.avenuecalgary.com/restau...rant-sunridge/

[Locke]

Originally Posted by Johnny Makarov

oh update on the Toys R Us grand opening. It was awesome! Somehow they messed it up and not only did they give you 25% off everything(not just 1 item), everything in the store was already 10% off and they lumped it together. So it came to like 35% off everything.

I wonder how much money they lost? lol.

Its a mystery as to how they went Bankrupt the first time with efficiency like that.

[troutman]

Tipperarys looks closed for good on 16th. What’s the story?

[getbak]

Originally Posted by troutman

Tipperarys looks closed for good on 16th. What’s the story?

It's a long way to Tipperary's. It's a long way to go.

[Hack&Lube]

Originally Posted by Locke

Its a mystery as to how they went Bankrupt the first time with efficiency like that.

Bain Capital over leveraged the parent US company and abused it for profits rather than sustainability. Toys R Us Canada never went bankrupt. Its now owned by the same company as Sunrise Records which somehow resurrected the ashes of HMV.

[Johnny Makarov]

Originally Posted by Hack&Lube

Bain Capital over leveraged the parent US company and abused it for profits rather than sustainability. Toys R Us Canada never went bankrupt. Its now owned by the same company as Sunrise Records which somehow resurrected the ashes of HMV.

Wow. is Bain publicly traded? talk about an easy short.

[DownInFlames]

Originally Posted by Johnny Makarov

Wow. is Bain publicly traded? talk about an easy short.

Nah, that's what private equity companies do; scoop up a failing business and bleed it dry.

Bain is how Mitt Romney made his bones before becoming Governor of Massachusetts.

[Johnny Makarov]

Originally Posted by DownInFlames

Nah, that's what private equity companies do; scoop up a failing business and bleed it dry.

Bain is how Mitt Romney made his bones before becoming Governor of Massachusetts.

Oh I misread that. What Cdn company decided to continue on with Toysr us?

[Slava]

Originally Posted by Johnny Makarov

Oh I misread that. What Cdn company decided to continue on with Toysr us?

Fairfax Financial.

[bizaro86]

Originally Posted by Slava

Fairfax Financial.

And the last people who organized a short campaign on them got their faces ripped off.

[Faust]

Originally Posted by troutman

Tipperarys looks closed for good on 16th. What’s the story?

Tipperary's Pub Moving Auction Oct 28th at 10 am


https://reidsauction.hibid.com/catal...-28th-at-10-am

[Muta]

Renowned artist Maya Lin chosen to design terrace at Glenbow Museum

https://calgaryherald.com/entertainm...glenbow-museum



Pretty excited for this! With a new design movement focusing more on active and engaged rooftops, this will fit well as part of the scope of the project and the facility's central urban presence.

[Bigtime]

I had no idea Minto purchased the old Viscount Bennett site. Will be great to see something finally get developed there.

https://2501richmond.com/

[Calgary14]

Has anyone tried the new Chipotle in the NE?

[Nsd1]

I tried it the other day. Tasted better than the last few times I had it in the States. The lines have been long but you can order online and they’ll have your order ready in 10 minutes. You can pickup your order from the drivethru window.

[Hack&Lube]

Originally Posted by Slava

Fairfax Financial.

As I mentioned a few posts up, Fairfax sold it to the Putnam family of Putnam Investments who owns Sunrise Records (which took over HMV). However, Fairfax seems to still own all the Toys R Us real estate from the original deal as well as get some kind of royalties from the arrangement. Ultimately this is good because its owned by a family owned company now that reinvests the profits here instead of sending a bunch to the parent Toys R Us in the USA that went bankrupt.

The difficulty for Toys R Us to open back up in the United States is that they don't have the 40 year old real estate footprint anymore which was a significant advantage for Toys R Us to have ownership of those big stores and lots.

[surferguy]

Is Decathalon in Market Mall open yet?