Montana's Cookhouse among developer's plans for Spencer Drive

Document leaked online indicates more than 6,000 square feet of retail space

Dave Stewart dstewart@theguardian.pe.ca
Published on January 31, 2014
Montana's plans to be cooking in Charlottetown by the end of the year.

It would appear a Montana’s Cookhouse is coming to Charlottetown.

National developer Plazacorp Retail Properties Ltd. has been trying to find a franchisee for more than two years to set up the chain restaurant in the P.E.I. capital.

Now, Montana’s has appeared on plans that Plazacorp has drawn up for its Spencer Drive Plaza, where Sobeys is currently the anchor tenant. And, those plans have been leaked online, which seems to confirm the restaurant is coming.

Michael Zakuta, chief executive officer with Plazacorp, had no comment when contacted by The Guardian on Thursday.

Zakuta explained it isn’t his place to make those sorts of announcements, one way or another.

He said that news has to come from the companies themselves.

Montana’s is listed on the plans for the Spencer Drive Plaza, directly across the parking lot from the front doors at Sobey’s in a building measuring 6,300 square feet of space.

The Guardian did place calls to the Cara Network, the company which owns Montana’s along with other restaurants, but those calls were not immediately returned.

The Guardian continues to be told, off the record, that there are individuals interested in becoming a Montana’s franchisee. One of the challenges with finding a franchisee is the fact that person needs to jump in with a minimum of $700,000 in equity.

Cara Network has told The Guardian in the past that it wanted enough capacity for 211 seats, enough to employ 50 people.

There are seven Montana’s restaurants in Atlantic Canada.

The other interesting part of the Spencer Drive Plaza plans online include 103,000 square feet of space currently described as “proposed future development.’’ That land is currently being developed and is widely believed to be a new location for Canadian Tire and, possibly, Mark’s Work Wearhouse.

Also on those plans are (some already in operation) Wicker Emporium, Price Mart, Petsmart, Pita Pit, Weight Watchers, Papa John’s, Maritime Travel, the Dominion of Canada Insurance Company, Easy Financial Services, Goji’s (frozen yogurt) and 5,648 square feet of available space.

Plazacorp occupies more than 700,000 square feet of retail space in Charlottetown.

They own the buildings that house Toys R Us, Mark’s Work Wearhouse, Dollarama, Value Village and Shoppers Drug Mart (near the Charlottetown Mall). Last May, the developer also acquired the Staples and Bed, Bath & Beyond properties in Charlottetown.

 

dstewart@theguardian.pe.ca

Twitter.com/DveStewart