Tim Hortons is making a very big expansion onto SkyTrain with the opening of three new retail locations inside stations this year.

TransLink told Daily Hive Urbanized the fast-food restaurant chains new locations are at Rupert Station, Stadium-Chinatown Station, and Surrey Central Station.

The Rupert Station restaurant is located within a 524-sq-ft space inside the station, but just before the fare gates, outside the fare paid zone. This location opened earlier this month.

A 320-sq-ft location opening at Stadium-Chinatown Station will be situated after the fare gates, inside the fare paid zone just across from the recently opened Boba Boy, which occupies the 450-sq-ft retail formerly used by Waves Coffee.

Tim Hortons being built inside Stadium-Chinatown Station. (Kenneth Chan / Daily Hive)

Additionally, the location inside Surrey Central Station occupies an 850-sq-ft retail unit within the2019-built, $24 million station expansion project. This Tim Hortons will be accessible from the street, outside of the fare paid zone.

Both of the locations at Stadium-Chinatown Station and Surrey Central Station will open sometime later this summer.

Tim Hortons being built inside Surrey Central Station. (@Channel_Juan_11/ Twitter)

Given the extenuating circumstances with the recent severe drop in ridership, the public transit authority says it has offered rent deferral to tenants of its in-station retail program, depending on their particular financial circumstances. Several businesses closed at the start of the crisis, but they have since reopened and implemented health safety measures.

SkyTrains Expo and Millennium lines typically see 359,000 average daily boardings combined, but at the peak of the crisis in earl April ridership dropped to just 65,000 per weekday.

According to TransLinks statistics for 2018, Rupert Station saw 4,300 average weekday boardings, Stadium-Chinatown Station saw 17,200, and Surrey Central Station saw 13,100.

Layout of the retail units inside Stadium-Chinatown Stations west concourse, with the Tim Hortons unit (left) and Boba Boy unit (right) shown. (Sitings / TransLink)

Retail units that are located not only within high-traffic stations but also before the fare gates outside the fare paid zone with general public access and visibility typically see far greater success and longevity.

The Tim Hortons expansion is the largest single chain addition to SkyTrains retail offerings since 2009, when Jugo Juice opened four locations inside the Canada Lines underground stations in Vancouver. Some of these Jugo Juice locations inside the fare paid zone were short-lived, with the franchise owners pursuing legal action against the Canada Lines private operator, SNC Lavalins ProTrans BC.

And in early 2019, the INS Market convenience store tucked away deep inside the fare paid zone of Yaletown-Round Station was forcibly shuttered, after less than a year of business and just weeks after escalator construction began in front of the stores entrance. Legal letters posted on the window of the closed store stated the franchisees missed two consecutive monthly rent payments.

Artistic rendering of the now-completed Surrey Central Station expansion, showing the location of the new retail unit for Tim Hortons. (Sitings / TransLink)

In recent years, TransLink has opened new retail locations with a two-pronged approach of utilizing existing void spaces within stations and adding purpose-built retail spaces during extensive station renovation projects.

The 2016-completed renovation and expansion of Main Street-Science World included a particularly large retail component of approximately 2,000 sq ft of combined retail space, with Tim Hortons and A&W occupying the west entrance units and Starbucks taking over the east entrance unit.

Prior to the health crisis, with the opening of these Tim Hortons locations, the public transit authority had budgeted $940,000 in revenue from its in-station retail program for 2020 up from $800,000 in 2018, and $500,000 in 2017.

TransLink had also originally budgeted $1 million in annual retail revenue by 2022, when its retail floor area will grow to 17,000 sq ft up from 10,000 sq ft in 2017.

In addition to revenue, the retail units provide TransLink with a manned presence that can help improve passenger safety, based on Crime Prevention Through Environmental Design Principles.

Commercial real estate listings also show TransLink is actively attempting to lease a 350-sq-ft retail unit at Gilmore Station, and 190-sq-ft and 352-sq-ft retail units at Holdom Station. The retail units inside both of these stations are located in the fare paid zone.

Available retail units inside Holdom Station. (Sitings)

Read more from the original source:
New Tim Hortons locations opening inside three SkyTrain stations | Dished - Daily Hive

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June 17, 2020 at 1:43 pm by Mr HomeBuilder
Category: Retail Space Construction