Developed as a highly desirable, grocery anchored, mixed use centre in Langford, BC, Belmont Market is 100% owned by Crombie REIT and is under active development. Currently estimated at 192,000 square feet, the retail development will include a new 53,000 square foot Thrifty Foods store, and approximately 139,000 square feet of additional retail commercial space on 20 acres of land. Expected to cost approximately $104 million, an added 4 acres of land is under agreement to sell to a residential developer who has plans to create a vibrant new community village which includes 437 units of low rise residential rental and market condos.

Construction has commenced with off-site servicing underway and building construction to start imminently on phase I of the project, which is on track to open in fall 2018. 119,000 square feet, or approximately 83% of phase I has committed leases, or is in advanced stages of negotiation.