commercial real estate

Developments

Belmont Rendring

With 22 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.

22

Major Development Opportunities

858,000 sq. feet

Commercial Potential

8.3M sq. feet

Residential Potential
Bronte Village
Oakville, ON
Development Planning

Bronte Village

Category
Mixed Use
Commencement Date
TBD

Located in picturesque South Oakville, Bronte Village Mall is located 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.

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East Broadway Safeway in Vancouver, British Columbia
Vancouver, BC
Pre-Planning

Broadway and Commercial

Category
Mixed Use
Commencement Date
TBD

1780 East Broadway is located at the intersection of Commercial Drive and East Broadway, in Vancouver, BC. The single-storey, 38,000 square foot Safeway grocery store is situated at one of the busiest transit nodes in Western Canada. Crombie is currently working through the pre-rezoning application process to capitalize on the recently adopted community plan, which permits up to 24 storeys above the retail plinth and a floor-to-site ratio of 5.7 times.

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27th Street Safeway in North Vancouver, British Columbia
North Vancouver, BC
Pre-Planning

Lynn Valley

Category
Mixed Use
Commencement Date
TBD

Lynn Valley is located in the District of North Vancouver in the popular Lynn Valley Towne Centre. The 2.82 acre site currently has a 36,000 square foot Safeway as the major tenant. Crombie is currently developing plans to accommodate the targeted density and meet the guidelines of the Official Community Plan. Rezoning of this property is required prior to proceeding with any redevelopment.

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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.