Posted May 17, 2010, 8:26 AM
|
 |
Registered User
|
|
Join Date: Sep 2006
Location: Vancouver BC
Posts: 6,485
|
|
This article is just over a month old, but it sounds very promising:
Quote:
Brentwood Town Centre sold, new owners plan to add density
Expect big changes at the northeast corner of Willingdon Avenue and Lougheed Highway after Brentwood Town Centre changed hands on April 1.
The mall was jointly purchased from OPB Realty Inc. by Vancouver-based real estate and development company Shape Properties Corp. and Healthcare of Ontario Pension Plan.
The shopping centre is located on 27 acres of land adjacent to a SkyTrain station, with a major bus loop on the property.
Burnaby city hall’s Brentwood Town Centre Plan, meanwhile, supports added density on the site, including retail, residential and office space.
Shape said in a press release that it plans to “revitalize the existing Brentwood mall and take advantage of the density opportunities, transforming the property into a vibrant transit-oriented mixed-use central core.”
According to the company’s executive vice-president, Darren Kwiatkowski, “Shape looks forward to working with the existing tenants, the neighborhood and the City of Burnaby to create an environment that while urban in nature creates a pedestrian-friendly ambiance that seamlessly blends the indoor and outdoor experience.”
Shape president, John Horton, said, “Assets/sites of this quality seldom come available and we are extremely excited about this opportunity to reposition an already great regional shopping centre.”
New co-owner, Healthcare of Ontario Pension Plan, is one of the largest pension plans in Canada.
20 VIC Management Inc. was and will continue to be the property manager for Brentwood Town Centre even with the ownership change.
|
http://www.bclocalnews.com/greater_vancouver/burnabynewsleader/news/90030927.html
|