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Stock impact report

Pardon our dust: Why some businesses remain open during a building renovation [Globe and Mail, The (Toronto, Canada)]

Warby Parker Inc. (WRBY) 
It's been two years since the scaffolding was built and the construction crew is now working on the second phase of the skylight's glass replacement. Yet even now as Sheila Jennings, the centre's general manager, walks around it, the enormity of it still impresses. “It's probably the largest scaffold structure I've ever seen,” she says. Each tier of the eight-storey scaffold has an enclosed floor, Ms. Jennings explains. “So, if a hammer drops it's going to hit the scaffolding floor and not somebody walking through the shopping centre.” The decision to keep a business running rather than closing down shop while a building undergoes a major capital improvement is a strategic choice laden with variables. Sometimes a retrofit is so invasive it's more efficient and cost effective to complete the work in an unoccupied building. Vancouver's massive Oakridge Centre redevelopment closed down earlier than planned when mall landlord QuadReal Property Group decided to fast-track the co Show less Read more
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