Feb. 26, 2016 | Barbara Balfour
Homeowners to benefit from redevelopment, says company behind initiative
An ambitious multi-year plan to breathe new life into Deerfoot Mall in north Calgary stands to benefit nearby homeowners in a big way, says the company behind the massive redevelopment.
In early 2016, Vancouver-based Shape Properties announced it would be transforming the decades-old property at Deerfoot Trail and 64th Avenue N.E. from a traditional closed mall into a state-of-the-art open shopping centre dubbed Deerfoot City, complete with everything from a restaurant campus to style district.
"For local property owners, Deerfoot City is nothing but a good story," said Shape Properties executive vice-president Darren Kwiatkowski, whose company purchased the site from Ivanhoe Cambridge in 2011 for a reported $78 million.