An Old Navy flagship store has just opened at the prominent intersection of Granville and Robson Streets in Downtown Vancouver. The two-floor store is actually larger than we had originally reported. In our original article in September 2012, we said that Old Navy had leased 12,365 square feet, mostly on the second level of the new 720 Robson Street building. As an update, we’ve been informed that Old Navy has leased the entire retail component of the building, comprising of about 17,400 square feet.
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| Original asking rents for the first and second levels of 720 Robson Street. Old Navy now occupies units 101-104, as well as unit 201. Source: CBRE |
We’re not sure exactly what rent Old Navy is paying, but the ground level’s asking rent was substantially higher than that of the second floor (see image above).
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| Update: Old Navy occupies both retail levels of this floorplan. Plan: CBRE |
The store is celebrating its grand opening on Saturday, November 16th. Vancouver Canuck Ryan Kesler will be in the store from 3:30pm to 5:30pm that day to sign autographs and be photographed. There will also be free skating at the nearby Robson Square ice rink.
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