BCBusiness

March 2024 – Welcome to Vancouver 2050

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

Issue link: http://digital.canadawide.com/i/1515520

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37 B C B U S I N E S S . C A M A R C H 2 0 24 U n s p l a s h / M a r c o T j o k r o The central business district might lose some office workers. But the many resi- dents, shoppers, tourists, sports and concert fans and cruise-ship passengers will remain. Hotel builders, who are on a roll cur- rently in Downtown Vancouver, with almost a dozen projects in the works from Chinatown to Robson Street, will add more oomph to the area's gravita- tional pull. The downtown district, it appears, still attracts the young and optimistic. Salman Zaidi and his brother, Sahan, carrying on with a family business from Pakistan, just opened a leather shop, Zaidi, in Vancouver's downtown. They saw that there were big brand- name—and very expensive—stores sell- ing leather in the city, but nothing like what they knew they could produce in stylish jackets and bags. They tried to get into malls but were told the wait lists were up to five years. So they opened on West Pender just a month before Christmas, sourcing leather from Italy and Japan, with a workshop and warehouse in Montreal. It wasn't easy to get started. "Because of the rent, it's so expensive here. A lot of small business owners are afraid to have a storefront," says 26-year-old Salman. "And the banks—they don't want to risk their money with small businesses." But they got it open and the response has been "fantastic," he says—both from customers and from their neigh- bours. One business sends them a pizza every day. Some shoppers have already become regulars. "It will take some time to build up the trust," says Salman, "but we are trying our best." He hopes that, in the Vancouver of 2050, he and his brother will still be here, owners of a long-established city business, help- ing make Vancouver's downtown an interesting and friendly place.

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