According to a sign and a rendering on the corner of Southgate and Bedford Highway the retail building is going ahead.
I'll snap a picture of the photo they had this weekend sometime.
From their website (
link).
NEW DEVELOPMENT!
Southgate Village
820 - 836 Bedford Highway, Bedford, NS
This new development at the entrance to the Ravines has approx. 18,000 sq. ft. of commercial space available for lease
Excellent Class A location and views
Available Spring 2010
more info >
Please call for asking rates
Geof Ralph - (902) 444.3006
Dan Sangster - (902) 444.8671
EDIT: Just a side note. The same group is also behind Notting Village, Garden Stone Place (5552 Kaye) and a couple more recently completed buildings. See the link above for all of them.