The Indigo bookstore in North Vancouver will write its final chapter this month.
According to Indigo, it plans to permanently shutter its large location at the Taylor’s Crossing retail complex at 1025 Marine Drive in late June.
“As part of our normal business practices, we regularly review, assess and negotiate the lease arrangements for all of our store locations,” Indigo spokesperson Kate Gregory told Daily Hive.
“After reviewing various factors we have made the difficult decision not to renew our lease for Indigo Marine Drive.”
The 44,000-sq-ft building, constructed in 2000, sits on a 1.5-acre lot and is home to other businesses such as Hearthstone Brewery, Lussobaby, and Kids & Company. It was sold last year for a price above its assessed value of $23.4 million for its possible redevelopment potential.
With the bookstore’s closure, the North Shore’s remaining Indigo bookstore is at Park Royal shopping centre.
Three other Indigo-operated bookstores in the region have closed in recent years; Chapters locations on Howe Street at Robson Square, Surrey’s Strawberry Hill, and Ackroyd Road in Richmond have all closed.
However, the downtown Vancouver market will regain its major bookstore. This fall, Indigo will open a flagship location within a 29,000-sq-ft, two-storey retail space on Robson Street formerly occupied by Forever 21.