Safeway to sell 42-acre site in South Burnaby
This image is a 3-D concept plan of how the new owners of the old Safeway site could choose to develop the property. The land is currently zoned as industrial.
By Wanda Chow - Burnaby NewsLeader
Published: May 25, 2011 4:00 PM
Updated: May 25, 2011 4:11 PM
Just a few months after closing its distribution centre, Canada Safeway is selling its 42-acre property in South Burnaby for residential development.
The site, bounded by 11th and 14th avenues and 15th and 18th streets, near the New Westminster border, will be formally offered for sale on June 1.
There is no listed price for the land. The company wasn't able to find good comparable properties to base a price on, said Trevor Lee, senior real estate manager for Canada Safeway.
"So we felt it was better to let the market really come back to us and tell us what it's worth," he said.
As for the development potential, "this really is a complete neighbourhood that can be built here," Lee said.
There is SkyTrain access nearby and other amenities, including Byrne Creek secondary about a block away.
It's designated as multi-family residential in Burnaby's Official Community Plan, adopted in 1994, but is currently zoned industrial. Burnaby city hall is aware of Safeway's plans and it would be the purchaser's responsibility to rezone the property before development, he said.
Safeway did produce a concept plan to give purchasers an idea of the property's potential but has no plans to go further. Residential development is not the core business of Safeway and it doesn't want to push through a vision that a prospective purchaser doesn't agree with, Lee said.
The concept plan does show potential development in keeping with the surrounding neighbourhood, which includes existing highrises within a block or two of the site.
Considering Burnaby city hall's preference, as indicated in the community plan, selling the property for continued industrial use was never really an option.
"You can certainly see from the surrounding changes that have occurred there over the past 10, 15 years that slowly the industrial is disappearing from that neighbourhood," said Lee. "We didn't feel that selling or representing the site as a continued industrial use was, I guess, either fair to the community or really moving in the direction that the community would want to see and would be the highest and best use there."
Safeway's Lucerne milk plant will continue to operate on an adjacent six-acre site. The facility supplies a significant amount of milk for Safeway and others in the Lower Mainland and employs 82 people, said Betty Kellsey, public affairs manager for Canada Safeway.
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