Posted Jul 16, 2024, 2:05 AM
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Join Date: Dec 2015
Posts: 10,317
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Southgate City Project in Burnaby to Launch Retail Hub in 60-Acre Community with Thousands of Highrise Homes
Dan Clark, Partner at Sitings Realty Ltd., which is leasing the retail and office aspects of the development, said a Safeway (50,850 square feet) will open the first phase of retail at Southgate City, joined by TD Bank (6,868 square feet) and CEFA Early Learning (20,817 square feet).
There’s also a small food and beverage unit of about 1,270 square feet to be leased in the first phase.
“We have roughly 25,000 square feet of second floor retail/medical space that we can see being leased to physiotherapists, dentists, specialty medical, small and mid format fitness operators. Retail that can thrive in a second-floor setting and take benefit of the slightly reduced rents in comparison to ground floor space,” said Clark.
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The first phase of the commercial part of the overall development will be under construction soon with businesses expected to be open by 2028.
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