Restaurant has shown interest in former Hudsons downtown location

Hudsons spot has been empty since restaurant closed last December

A restaurant group has been eyeing the former Hudsons pub and restaurant, says the owner of the building.

Randy Mabbott, president of Cochrane-based Grand Central Properties Inc., said he’s investigating a lead on the space that has been left vacant since Hudsons pulled the plug last December.

“I’m hoping to meet next week and get a better understanding of what they’re looking — but, yes, there are prospects,” said Mabbott, whose company owns Stantec Executive Place at the corner of Ross Street and 49th Avenue.

“Can we do a deal? It remains to be seen, but it’s not like a few months ago when nobody was talking about it.”

The location is ideal for another eatery.

“A fair bit of money was spent to make that a restaurant space and we have all of the equipment from Hudsons. It would be fairly easy for a restaurant to walk in there, do a little bit of cosmetic change and re-branding, and away they go.

“We’re hopefully a step ahead on that.”

Mabbott plans to meet with the people next week and see what they have in mind.

“That’s the plan, to sit down with the group that’s interested and make sure there is a good fit there. We’re also making sure it’s a good fit for our tenants and everybody else in the area.”

Despite the province’s economic and pandemic-related challenges investors are out looking, he said.

“A little bit to my surprise, they are looking around. I’ve had a few inquiries so that’s been good.

“Leasing generally has been surprising of late, not just on the restaurant front. It’s been very active actually.”

The momentum does not seem to be coming from bargain hunters hoping to take advantage of the economic climate.

Mabbott says many are motivated by a “flight to quality” or are taking a look around at prospects as their current leases expire.

“There’s some optimism out there, I guess, for the longer term.”

The Stantec building is almost full. Besides the former restaurant space, only a 1,400-square-foot space is empty and he has people interested in taking that.

Red Deer, which has been hard hit by COVID and the oilpatch downturn and its impact on oilfield services, is among the locations attracting interest.

“Red Deer is still a good market. We still like it as a whole and we want to work with the community to build more investment here.”

The former Canada Post building directly across from Stantec Executive Place was in his sights for development and there were some potential tenants interested.

“We saw it as an opportunity to continue to help revive and evolve the downtown. We had some concept plans we were working on to revitalize that building while maintaining the heritage aspect of it as was required.

“We had some prospective tenants we were looking at.”

“All those fronts kind of fizzled out and we ran into some issues on the heritage. We’ve just put it on the shelf for now and will revisit it as we are able to do so.

“Their view of maintaining heritage and our view of maintaining heritage didn’t align,” he said, referring to provincial heritage officials.

Mabbott credited the City of Red Deer for its willingness to help anyone interested in redeveloping the building work through the heritage restrictions should Grand Central or other potential investors take another look at it.



pcowley@reddeeradvocate.com

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

 

Hudsons pub and restaurant, located on the ground floor of the Stantec building at the main corner of Ross and Gaetz, will be closing on Dec. 28. Photo by SEAN MCINTOSH/Advocate staff

Just Posted

Central zone down to 16 active COVID-19 cases

Alberta Health Services’ central zone is down to 16

Red Deer drum circle aims to ‘bring different cultures together’

Central Alberta Refugee Effort, Urban Aboriginal Voices Society hosted the event Friday

Students reassured pandemic’s academic impact will be taken into account

Some Grade 12 students concerned how pandemic will affect their post-secondary plans

Liberals vow wage-subsidy extension to 2021, revamp of EI system in throne speech

Canadian labour market was hammered by pandemic, when lockdowns in the spring led to a loss of 3 million jobs

Shattenkirk scores in overtime, Tampa Bay beats Dallas 5-4 in Stanley Cup final

Shattenkirk scores in overtime, Tampa Bay beats Dallas 5-4 in Stanley Cup final

Toronto FC starts strange new chapter in East Hartford with game against Columbus

Toronto FC starts strange new chapter in East Hartford with game against Columbus

Toronto Wolfpack fate deferred for four weeks as Super League continues review

Toronto Wolfpack fate deferred for four weeks as Super League continues review

Newly installed in the top 10, Shapovalov leads Canadian hopes at French Open

Newly installed in the top 10, Shapovalov leads Canadian hopes at French Open

Montreal Impact eager to return to winning ways against N.Y. Red Bulls

Montreal Impact eager to return to winning ways against N.Y. Red Bulls

Hornet sting, birdies take Swafford to lead at Punta Cana

Hornet sting, birdies take Swafford to lead at Punta Cana

Champion Adesanya gets redemption chance vs Costa at UFC 253

Champion Adesanya gets redemption chance vs Costa at UFC 253

Canadiens sign defenceman Jeff Petry to four-year contract extension

Canadiens sign defenceman Jeff Petry to four-year contract extension

Most Read