Chapters Indigo is scouting for a new centralized location in the downtown Vancouver area, and one location it is exploring is less than three city blocks away from its current bookstore flagship at Robson and Howe.
According to Business in Vancouver, Chapters is interested in relocating its bookstore to the retail space within the new Bentall Kennedy office tower at 745 Thurlow Street (Thurlow and Alberni streets).
The 23-storey building is slated for a completion later this year and it consists of 35,000 square feet of rentable retail and restaurant space over the first three floors.
Chapters is considering the option of temporarily occupying 16,000 square feet of space in the second floor until it is able to find a permanent space with a size of approximately 30,000 square feet. The company intends on remaining within the Robson Street retail corridor.
The new store will also be rebranded as an “Indigo” location as the company plans to discontinue the “Chapters” store brand nationwide. Other remaining “Chapters” stores are also be rebranded as “Indigo” stores over time.
Last month, Chapters Indigo announced its plan to shutter the doors to its iconic three-storey, 52,000-square-foot store at the corner of Robson and Howe streets. Indigo CEO Heather Reisman issued a statement saying rising rents have made the long-running store location “untenable,” adding that “an increase of this magnitude would quite simply make this vibrant, profitable store unprofitable.”
Sport Chek has been confirmed as the new tenant that will takeover the old Chapters space. The sporting goods retailer will vacate its existing 43,000-square-foot space at Pacific Centre, which is rumoured to become an expansion of Holt Renfrew.
The Chapters Robson flagship location will close on June 30.