Space Available in Alberta
BANFF – Enclosed Mall
Adele Henderson has just opened the Banff Oil & Vinegar Market at the Cascade Shops in Banff. The 1300 square foot specialty unit is on the second level and features specialty oils, balsamic vinegars, gourmet olives, homemade pastas, cheese and dining accessories. Ms Henderson also operates the Bragg Creek Oil & Vinegar Market that opened early this year on Balsam Ave. in Bragg Creek, a community located about 19 miles west of Calgary. Michael Kehoe of Fairfield Commercial Real Estate (403/263-4100) is handling the leasing for three level, 75,250 square foot mixed use Cascade Shops on behalf of landlord Investors Group Trust and reports that a limited number of units are still available in the 1000 to 3800 square foot range………….. (July 21, 2014)
BANFF – Mixed Use
Michael Kehoe at Fairfield Commercial Real Estate Inc. (403/263-4100) is marketing for lease an 887 square foot retail unit on the lower level at the Mount Royal Hotel Building at Banff Ave. and Caribou St. in Banff. The location has direct access from Caribou St. and is located adjacent to a major tour-bus depot. The unit is available immediately. With over 4.5-million tourists who enter the National Park gates each year, Banff is receives many regional and foreign visitors who arrive with money to spend on everything from apparel, gifts to dining experiences. Banff’s hotel occupancy levels are expected to be around 85 percent during the remainder of the Summer……(July 28, 2014)
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CALGARY REGION – Central – Street Front
Michael Kehoe of Fairfield Commercial Real Estate Inc. (403/263-4100) is marketing for sub-lease a 950 square foot retail unit at 1502 11th St. SW in Calgary’s Beltline district. The store is adjacent to a Good Earth Café and in close proximity to the trendy 17th Avenue shopping district. The location offers customer parking and has a contiguous 1600 square foot lower level storage area. Availability is September 1st, 2014……..(June 2, 2014)
CALGARY REGION – Central – Mixed Use Development
Kevin McCann of Retail Leasing Services (403/508-2168) is marketing for lease, the 4500 square foot former Grand & Toy location in the Venator Building on 8th Ave. in the Stephen Avenue area. The site features both street front exterior access and an interior entranceway to an escalator within Scotia Centre for Plus 15 direct access. The unit is in close proximity to the Bay, Aveda, McDonalds, Lamlee’s Western Wear, etc……(June 11, 2014)
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CALGARY REGION – North – Enclosed Mall
Last week, Ivanhoe Cambridge (514/841-7600) announced an investment of more than $60-million to optimize CrossIron Mills, its five year old centre in Rocky View County, north of Calgary, Alberta. The redevelopment will include the relocation and expansion of the existing food court to offer new leasable space in high traffic areas, space that is in high demand by retailers in the area, and will further strengthen the centre’s position in the region. The new food court will feature 16 vendors, up from the current 14, while increasing the number of seats from 1100 to 1300. The relocation of the food court will create 46,000 square feet of new retail space. “With greater Calgary’s tremendous population growth rate and high disposable income, we are capitalizing on the opportunity to expand CrossIron Mills to welcome more world-class premium outlet brands that are seeking a truly successful retail destination with a proven track record,” said John Scott, Senior Vice President, Development. Work is scheduled to begin in January 2015 and is expected to be completed in two phases, with Phase 1 opening in Spring 2016 and Phase 2 in Spring 2017….(August 18, 2014)
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EDMONTON CAPITAL REGION – Northeast Edmonton – Open Centre
Cameron Development Corp. (780/424-8008) and partner AIMCo (780/392-3600) report that Cabela’shas opened its second outdoor sports and recreation store in Edmonton at the Manning Town Centre in North East Edmonton. In addition, a ten-screen Cineplex Odeon Theatre opened in the 75-acre project earlier in the Spring, joining Lowes, Marshalls, HomeSense, Sport Chek, The Shoe Company, Petland and Dollarama. Situated at the north east corner of Manning Dr. and 153rd Ave., space for large format retailers, junior box and CRU tenants are still available in the 800,000 square foot multiple-building project. Possession is targeted for Summer 2015. Johanna Haley at Cameron Development Corp. is handling the leasing……..(July 7, 2014)
EDMONTON CAPITAL REGION – Northwest Edmonton – Open Centre
Johanna Haley and Michelle Cowan at Cameron Development Corp. (780/424-8008) are actively leasing Albany Market Square, a new developmentlocated on the northwest corner of 167 Ave. and 127 St. in North West Edmonton. The 407,000 square foot development is anchored by a WalMart Supercentre and also includes Scotia Bank, Boston Pizza, McDonalds, Panda Express, Royal Bank and Pet Valu. Units are available in two new buildings, one of which is presently under construction with up to 9200 square feet available for Fall 2014. Suggested uses include medical, professional and retail uses………(June 9, 2014)
EDMONTON CAPITAL REGION – Sherwood Park – Open Centre
Petr Kafka at Strathallen (416/922-5553) is marketing for lease units in Baseline Village in Sherwood Park in Northern Alberta. Located at Broadmoor Blvd and Baseline Rd., the 229,000 square foot open centre is anchored by Save-on-Foods along with Dollarama, Everything Wine, Party City and World Health. An affluent community, Sherwood Park has a population of 90,000 and an average household income of $144,856. The annual average daily traffic on Baseline Rd exceeds 51,000 vehicles. The available units range from 1300 to 30,000 square feet………..(June 16, 2014)
EDMONTON CAPITAL REGION – South Edmonton – Open Plaza
Paul Raimundo at Oberfeld Snowcap Inc. (587/523-5385) is marketing for lease units starting at about 1100 square feet, both end caps and in-line locations, in Ellerslie Crossing, a new development at Parson and Ellerslie roads in Edmonton. Located just south of South Edmonton Common and anchored by a 20,000 square foot Mrs Green’s Natural Market, the 20-acre project is scheduled for a Spring 2015 opening. Zoning allows for a wide range of uses……(August 4, 2014)
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SOUTHEAST ALBERTA – Medicine Hat – Open Centre
Darren Quayle and Shauna Wiebe at Oberfeld Snowcap (403/460-8146) are marketing for lease, 26,500 square feet of retail space at Northpointe Crossing in Medicine Hat in Alberta. Northpointe Crossing is located in the city’s north end. Current tenants include Shoppers Drug Mart, ATB Financial and Tim Horton’s. The site is shadow anchored by Co-op grocery along with A&W, KFC and Little Caesars. The suggested uses include medical, insurance, restaurant, pub, vet/pet, bakery, quick service restaurants, childcare and other tenants that will service the local community including the recently developed recreation center…….(August 11, 2014)
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