commercial real estate

Developments

Belmont

With 23 properties slated for development over the next decade or longer, Crombie is focused on increasing our presence in some of the most competitive commercial real estate markets in Canada. Working both independently and in joint-ventures, we're evaluating, planning, and building spaces that will help shape the way people will live, work, shop, and play in Canada's fastest growing metro areas.

23

Major Development Opportunities

888,000 sq. feet

Commercial Potential

8.6M sq. feet

Residential Potential
Le Duke Rendering
Montreal , QC
Active Development

Le Duke

Category
Mixed Use
Completion Date
2020

A joint venture project with PrinceDev, the new Le Duke mixed use development is adjacent to the new Bonaventure Greenway in Old Montreal, comprising an estimated $127 million investment, 25 storey mixed use tower with 390 residential rental units above a 25,000 sq. ft. IGA branded Sobeys grocery store, 1,000 sq. ft. of retail space with frontage on William Street and 300 underground parking stalls. The new building will retain the existing heritage building currently on site, integrating the two story façade and structure into the new development.

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Belmont Rendering
Langford, BC
Active Development

Belmont Market

Category
Mixed Use
Completion Date
2021

Belmont Market is poised to be the shopping destination in Langford, BC. 100% owned by Crombie REIT and currently estimated at 160,000 square feet, it includes a 53,000 square foot Thrifty Foods with an additional 107,000 square feet of retail and commercial space over 18 acres of land. 

 

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Bronte Redevelopment
Oakville, ON
Development Planning

Bronte Village

Category
Mixed Use
Commencement Date
2018

Bronte Village is located in South Oakville at the intersection of Lakeshore and Bronte Roads. The 5.66 acre property is presently developed with a single storey, multi-tenant commercial retail mall anchored by a 30,000 square foot Sobeys with a total building area of approximately 93,000 square feet. The redevelopment of Bronte Village provides an opportunity to add luxury rental residential density in a desirable area currently experiencing undersupplied market conditions.

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This discussion of Crombie’s development properties contains forward-looking statements about expected future events, including statements and images regarding the locations identified, timing, cost, and development size and nature, all of which may be impacted by real estate market cycles, the availability of financing opportunities and labour, actual development costs and general economic conditions, and which assumes obtaining required municipal zoning and development approvals and successful agreements with development partners and existing tenants. All forward-looking information is qualified by all cautionary statements included in Crombie's public filings which can be found under the “Company Documents” page under the “Investor Relations” tab on this site. These forward-looking statements are not guarantees of future events or performance and, by their nature, are based on Crombie’s current estimates and assumptions. Crombie can give no assurance that actual results will be consistent with these forward-looking statements.