Retail Project Review Robert Walker 2006 Real Estate Forum – Retail
Construction Summary • Four (4) projects currently under construction • Combined area of 534,300 square feet • Breakdown by sector: NE = 43,000 SE = 340,000 NW = 0 SW = 21,000
Projects Under Construction Project Name Quadrant Completed Size Anchor Tenant Smartcentres Designer Depot, NE 43,300 Sunridge Dollar Giant Harvest Hills NE 130,000 T&T Supermarkets Centre Mount Royal 21,000 (Retail SW Shoppers Drug Mart Block Portion) Real Canadian Deerfoot SE 340,000 Superstore, the Brick, Meadows Wholesale Sports
Proposed Projects • Twenty (20) projects currently proposed • Combined area of 5,286,298 square feet • Breakdown by sector: NE = 228,695 SE = 1,945,000 NW = 2,573,617 SW = 538,986
Proposed NE Projects • Two (2) projects currently proposed Project Name Size Proposed Tenants SmartCentres Sunridge 129,695 Sam’s Club Saddleridge 99,000 Safeway
Proposed NW Projects • Seven (7) projects currently proposed Project Name Size Proposed Tenants Sage Hill Crossing 850,000 Real Canadian Superstore Chapel Grove 700,000 Real Canadian Superstore Evanston Towne Centre 136,000 In Discussions Canadian Tire, Future Shop, Beacon Hill Phase 2 410,000 The Brick Huntington Hills Superstore 167,677 Real Canadian Superstore Creekside (Remaining Phases) 288,240 RONA Crowfoot Crossing (expansion) 21,700 In Discussions
Proposed SE Projects • Five (5) projects currently proposed Project Name Size Proposed Tenants Easthills 725,000 In Discussions The Market at Sheppard 175,000 Theatre The Market at Quarry Park 82,000 In Discussions Wal-Mart, Sandman Hotel, Deerfoot Meadows 920,000 Lifestyle Centre 114 th Avenue Plaza 43,000 In Discussions
Proposed SW Projects • Six (6) projects currently proposed Project Name Size Proposed Tenants The Shoppes of Marda Loop 22,500 Sobey’s West Springs Village 75,000 In Discussions Westpointe Shopping Centre 23,500 In Discussions Evergreen Gables 25,000 In Discussions Chinook Centre Expansion 172,986 Tiffany’s Aspen Landing 220,000 In Discussions
Summary • Twenty-four (24) projects currently proposed or under construction • Combined area of 5,820,598 square feet • Breakdown by sector: NE = 401,995 SE = 2,285,000 NW = 2,573,617 SW = 559,986
Potential Retailers • Lowe’s • Ferrari • Apple • Crate & Barrel • Cabela’s • Abercrombie & Fitch • Louis Vuitton • Tiffany’s • Whole Foods • Lacoste
Noteworthy Projects Outside of Calgary • The Alberta Project – 2.5 km north of Calgary – 1.4 million square foot regional mall – 2 horse racing tracks, hotel, satellite of Olds College • Sierra Springs Shopping Centre – First big box development in Airdrie – In excess of 900,000 square feet
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