Spruce Grove development two years ahead of schedule
BY DAVID FINLAYSON, EDMONTON JOURNAL
Choosing Spruce Grove as the site for a $75-million multi-phase commercial development is paying off for Edmonton's Camgill Enterprises.
Interest from retailers is so strong the company is more than two years ahead of schedule with Century Crossing and expects to have the whole 16 hectares built out by 2013, vice-president Ron Mosher says.
Initial $16-million development of the site at Highway 16A and Century Road, anchored by a Shoppers Drug Mart, will be done by next summer.
It will also include a Starbucks, two financial institutions, a restaurant, medical space and mid-sized box retailers Mosher can't yet name.
A major food retailer, also unidentified, will follow in the fall, and a hotel, several box stores new to the community, more retail and office space, and a children's park will be in place by the end of 2012.
"We are surprised at the amount of activity in Spruce Grove, but the market is perceived by the retail community as being under-retailed, and it's a young, family oriented community that retailers want to target," Mosher says.
He also says the town of Spruce Grove's co-operation in getting the development moving was a big factor in being ahead of schedule.
"We're a small-market developer and it's often difficult because of the lack of infrastructure, but Spruce Grove hasn't been puck shy about spending the money to attract development."
The 40-year-old company has developments from Winnipeg to Comox, B.C., including two office buildings in Edmonton and shopping centres in Airdrie and St. Paul.
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