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Stories Tagged - shopping centre

The Northland Village, redevelopment is part of a coming of age for Calgary’s retail sector, say officials. Illustration courtesy Primaris
News

Oct. 26, 2016 | Mario Toneguzzi

Rethinking retail

Calgary's collection of decades-old malls are getting much-needed facelifts

Consumer demand is driving a wave of commercial real estate development in the city with several major shopping centres poised to get major makeovers this year and next.

Deerfoot Mall in the city's northeast, as well as Northland Village Mall and Stadium Shopping Centre in the northwest, are all in the planning or development stages of redevelopment.

Michael Kehoe, an Alberta-based retail specialist with Fairfield Commercial Real Estate Inc., said the collective changes reflect landlords' attempts to breathe new life into decades-old retail hubs, of which there are plenty in the city.

Darren Kwiatkowski of Shape Properties says nearby homeowners stand to benefit from the new Deerfoot City redevelopment. Photo by Adrian Shellard/for CREB®Now
News

Feb. 26, 2016 | Barbara Balfour

Deerfoot City pumped as a boon for neighbours

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.


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