Dollar Tree to close as Vancouver’s Alberni Street becomes more upscale

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The Dollar Tree store in Downtown Vancouver’s luxury retail complex ‘The Carlyle‘ will close on April 12th. It’s the latest tenant to move off the Alberni Street stretch that is being positioned as Vancouver’s luxury shopping district.

We first mentioned The Carlyle last year when we reported that Chanel and Christian Dior were looking for space in the complex. Neither deal materialized, though luxury jeweller De Beers and upscale womenswear brand Tory Burch have since opened stores in The Carlyle. Two empty retail spaces remain, including a prominent 4,700 square foot corner location that some expected would become occupied by Gucci

The 12,000 square foot Dollar Tree store has an entrance on Thurlow Street, with an escalator providing access to its below-ground retail space. The entrance, as per the photos in this article, sits directly beside the new 4,700 square foot corner retail space. We don’t yet have word who might replace Dollar Tree. 

Alberni Street is being positioned as a luxury shopping area, both by brokers and planners. Several world-famous brands are scouting and negotiating for spaces on the street, and proposals are in place to upgrade Alberni Street’s sidewalks and street fixtures. We’ll be reporting more on Alberni Street as it prepares itself to become Vancouver’s equivalent to Rodeo Drive in Beverly Hills or East Oak Street in Chicago. 

[Dollar Tree website

Article Author

Craig Patterson
Craig Patterson
Located in Toronto, Craig is the Publisher & CEO of Retail Insider Media Ltd. He is also a retail analyst and consultant, Advisor at the University of Alberta School Centre for Cities and Communities in Edmonton, former lawyer and a public speaker. He has studied the Canadian retail landscape for over 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees.

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