Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Development, Retail

South Surrey Superstore Site Takes Shape

Peace Arch News – Superstore site takes shape.

Public curiosity runs high as site clearing continues for the newest addition to Grandview Corners’ urbanized landscape – a planned Superstore and gas bar on the southeast corner of 24 Avenue and 160 Street in South Surrey.

Ontario-based Loblaw Companies Ltd. started work last month following approval of building permits for a 122,692-square-foot Real Canadian Superstore, plus gas bar and convenience store.

Timeline for completion of the project has not been announced by Loblaw, and project spokespeople were not available by Peace Arch News’ press time Monday.

The project has been in the works since 2005 when Loblaw first received zoning for the 20-acre site, which faces the Wal-Mart across 160 Street.

Read more: http://www.peacearchnews.com/business/201121561.html

April 5, 2013by david.taylor@colliers.com

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