Calgary's University District lands anchor tenant

The U-District is set to welcome its first residents in 2020 and has secured major anchor tenant Save-On-Foods

By
Western Investor
November 7, 2017





calgary's u-district
Calgary’s University District development has broken ground and will open in 2020. | West Campus Development Trust

 

Save-On-Foods is joining Calgary’s University District as one of the major anchor tenants and part of the first mixed-use development block within the project. The grocery store’s opening will take place shortly after University District welcomes its first residents in 2020.

“We are excited for Save-On-Foods to be a part of University District,” said James Robertson, West Campus Development Trust’s president and CEO. “It is a natural fit and the company shares common principles about lifestyle with our vision for the community.”

 “Save-On-Foods is about building relationships with our communities and University District is no exception,” said Save-On-Foods president Darrell Jones.

Above the grocery store, the mixed-use rental building, built by Gracorp Capital Advisors Ltd., will feature 288 units of residential space. The units are anticipated to be one- to three-bedroom floor plans that range in size from 528 square feet up to 1,130 square feet.

“The vision for University District is for it to be one of Calgary’s most livable communities, offering mixed-use residential and retail opportunities, giving residents everything they need in one central location,” said Barry Poffenroth, director of real estate at Gracorp Capital Advisors Ltd.

Nine additional retailers will be part of the grocery store block and have been carefully chosen, from neighbourhood coffee shop and specialty restauran to a pet store and a wine merchant. In the coming months, the trust will be announcing some of those retailers.


Copyright © Western Investor

Email to a Friend

Close
Most Popular
Get the WesternInvestor.com Newsletter