News

Another dollar store downtown

After pouring $1 million into renovations, the former Westminster Savings Credit Union building on Lougheed Highway and 226th Street is ready for a new role.

This time it will serve as the location for Dollarama, a discount chain that already has a presence in Maple Ridge, on Dewdney Trunk Road and 203rd Street.

With the second opening, it’s among 700 locations across Canada that sells goods priced up to $3.

Realtor Adrian Keenan said Dollaramas are now thought of as anchor stores in retail locations.

The 10,000-sq.-foot downtown space is the second development of one of Keenan’s Vancouver clients in Maple Ridge, the first being a new professional services building on Dewdney Trunk Road and 228th Street.

Keenan said his clients see Maple Ridge as stable location for investment.

The district’s town centre incentive program, which offers streamlined processing, tax exemptions and discounts for building in the downtown core, also helped.

He pointed out construction costs in Vancouver are the same as in Maple Ridge, but retail space locally rents for only about $25 to $30 a sq. foot.

In 1992, the Dollarama business was founded by CEO Larry Rossy, a third generation retailer.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Black Press launches 4Good crowdfunding initiative
 
BCTF strike action starts Wednesday
 
Bear poached in Pitt Meadows
Legal aid gets rare boost for family cases
 
Views split on bigger medical role for firefighters
 
Dodge Cove residents united against LNG terminal
Terrace, BC mill increases exports – to Alberta
 
District seeks input on proposed highway move
 
West Cloverdale residents want Bose park to keep forest feel

Community Events, October 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Oct 1 edition online now. Browse the archives.