Commercial real estate: Vancouver’s Granville Street ripe for a reboot

March 2, 2016 10:58 pm

the vancouver sun

VANCOUVER — Higher than usual vacancies along Granville Street’s entertainment district in downtown Vancouver, and the surging number of tech workers moving into the area, is renewing calls for a reboot of the southern blocks of the street that have long hosted the city’s edgiest nightlife.

Some of the larger nightclubs have been finding it challenging to attract enough regular business on a nightly basis, said Charles Gauthier, the CEO and president of the Downtown Vancouver Business Improvement Association (DVBIA). He said the nightclubs and many of the bars also don’t add much to the daytime economy along the southern end of downtown Granville.

There are more than 20 vacancies “concentrated primarily in the southern three blocks of Granville Street between Smithe and Drake” that could be used to house businesses favoured by the rising contingent of tech workers in the area, Gauthier said in an interview last week.

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