Wasn’t there a Chili’s here yesterday?

The Regina Leader-Post published an article in 2008 with Stu Rathwell, a franchise partner in the new Regina’s Chili’s Grill and & Bar.

Stu shared that his Saskatoon location would be open by that year’s end.

His optimism about the Chili’s brand was hopeful; if things took off as he was hoping, he predicted people could expect to see several more open across the province.

Fast forward to 2019.

If you happened upon Saskatoon’s Preston Crossing the last week of February, you may have caught sight of Stu’s dream deflating right before your eyes.

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Another retail bricks & mortar obituary

Entrepreneurs Louis and Shaol Pozez could not anticipate 63 years ago that the demise of their discount shoe business would be taken down by a network of computers

This isn’t a story from the rejected piles of Terminator franchise spinoffs; this is a reality.

The Pozez’ conception that grew into Payless ShoeSource brick and mortar stores across the U.S. and Canada are officially shuttering.

Their disregard for advancing online sales, in addition to highly leveraged assets, proved fatal.

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Saskatchewan commercial property taxes below average

I thought twice about writing this post!

Does it risk raising the question with the city administrators: are our Saskatoon and Regina commercial property taxes too low?

Or… does it showcase just one more of the many benefits of setting up shop in one of our two major Saskatchewan cities?

In an earlier post I referenced the 2018 Canadian Property Tax Rate Benchmark Report released by Altus Group, and supporting partner REALPAC with a focus on the commercial to residential tax ratio.

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What if the shoe doesn’t fit?

The rules are the rules, whether we like them or not.

Nowhere is this truer than as it applies to municipal zoning.

I find clients can easily get discouraged in property searches when they discover where their business is, and is not welcome, as determined by the local zoning bylaw.

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Differences between regional and national commercial real estate broker

If you’d have asked me a few years ago about the long-term fate of the independent commercial real estate broker, I would have honestly expressed some uncertainty (you may be thinking, “but Barry, you are an independent commercial real estate broker… that means you would have been questioning your own survival!).

Most of that uncertainty arose from questioning the independent broker’s ability to keep pace with potential investment required in metadata.

Let’s look at the current differences between a national and an independent regional commercial real estate broker.

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Retail is king for 2018

There were substantial changes to the commercial real estate landscape in Saskatoon as we close out 2018.

I think it’s is a story of renewal and growth, would you agree?

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Does Saskatoon want or need Farmers’ Market six days a week?

The City of Saskatoon has officially put out a tender to lease the Farmers’ Market building in Riversdale.

At current, the facility is leased to and operated by the Saskatoon Farmers’ Market Co-operative Ltd.

In their original agreement to lease the property, they outlined their plans to expand the market hours over time.

That vision has only grown to three advertised full market days. The City is ready to let someone else take a run at it.

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Saskatchewan cities enjoy lowest commercial to residential tax ratio

There is lots of chatter on the street with the recently released preliminary budget from the City of Saskatoon which proposes a 4.5 per cent property tax hike in 2019.

That chatter is incomplete without stepping back and looking at a couple of key issues.

Those two issues are residential and commercial tax ratios and the ongoing cost of city infrastructure growth.

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More visits than residents, Remai Modern enjoys successful freshman year

Say what you like about it but over 450,000 people fed their curiosity and took in Saskatoon’s new public art gallery this past year.

That’s more people than encompasses the proper City of Saskatoon population.

More astonishing is that the Remai Modern was only projecting around 190,000 visits during their inaugural year.

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