Plans Revealed for Building

By 250 News

The Brick building has a new owner, the Emri Group  of Vancouver.

The Brick  announced it was moving out of the downtown, and  will open up  a new store at what used to be Recreation Place across from the Superstore on Highway 16 and Ferry Avenue.   The building at the corner of  3rd and Quebec has now been purchased by the Emri Group out of Vancouver and  there is a sign  on the  buidling  welcoming inquiries for leasing space.

Emri has purchased two other pieces of property in the downtown area, and is said to be interested in a third.  The plan for the Brick building  is to have several tenants with most being office type space, but there may be some retail. 

The firm's web site describes the property as follows:                                                                   

Currently occupied by The Brick Furniture through late summer 2007, the property can be internally configured/demised to suit the needs of a future tenant or several tenants. The property comprises  a 3 level retail building of approximately 85,000 sf in total and an adjacent multi-level parking facility on the majority of a city block. Originally the home of a Hudson's Bay Company department store, the building offers tenants central location, excellent street presence and ample parking.

Emri's website refers to itself as a private investment firm " The firm’s principal activities are focused on the acquisition for resale or development of residential, industrial and commercial real estate as well as investment in private businesses deemed to have excellent prospects for growth."

It is understood that Liquidation World would be welcome to stay on the second floor, however there has been no comment from Liquidation World on what it plans to do.  That company currently sub-leases space from the Brick.

The Brick plans to vacate the space by September of next year.

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