Belmont MarketGo To Property Page
Langford, British Columbia
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 160,000 square feet, the retail development will include a new 53,000 square foot Thrifty Foods store, and approximately 107,000 square feet of additional retail commercial space on 13 acres of land. The development has been reduced from 192,000 square feet but retains the flexibility to add density in the future on 1.7 acres of land. Ledcor Developments has closed on over half of the 5.55 acres of land for $5.7 million that is under sales agreement for purpose of Ledcor constructing 437 units of low rise residential rental and market condos on the site.
Phase I of construction has commenced on three retail buildings, which are scheduled to open in fall 2018. 100,000 square feet of the overall development has committed leases or is in advanced stages of negotiation, and 96% of phase I is currently leased.