Morguard Investments Ltd. is speaking with more than one international fashion retailer about leasing 42,000 square feet of space at the corner of Robson and Burrard streets, where HMV Canada has operated since 2005.
HMV announced last week that it plans to close its store in the 140,000-square-foot heritage building in January.
Morguard, which handles leasing on behalf of the building?s owner, Healthcare Of Ontario Pension Plan, has been in talks with HMV about staying past January on a month-to-month basis at a reduced rate.
?The whole retail mix there is going to change,? Morguard asset manager Bob Nicholson told Business in Vancouver after HMV?s announcement.
?Off The Wall, once their lease expires in the middle of next year, has advised us that they?re going to be leaving.?
CTV, which leases 80,000-square-feet of space on four floors, also intends to downsize. Nicholson said it?s expected to lease two floors with an option for a third floor when its lease expires in August 2012.
The only other tenant in the building is Bang-On T-shirts, which has a 1,000-squre-foot Robson Street-facing store.
?It?s safe to say that the tenants we are speaking with are international fashion retailers,? Nicholson said. ?
