ONE Properties Opens 15-Acre Bow River Shopping Centre in Calgary

The Bow River Shopping Centre in the Bowness neighbourhood of Calgary is now open for business and it's in a prime location.

Located at 3428 69th Street, it's right off of the Trans-Canada Highway where the highway meets Sarcee Trail to form one of Calgary's busiest intersections. It's also near the Canada Olympic Park, owned by WinSport, a large sports and recreation complex established for the 1988 Winter Olympics.

The Bow River Shopping Centre sits on a 15.2-acre site -- that will eventually also include a 400-unit residential complex -- and consists of 158,300 sq. ft of retail price, with a Real Canadian Superstore taking up 86,200 sq. ft as the anchor tenant.

Bow River Shopping Centre Calgary - ONE Properties (1) (ONE Properties)

Also now open is a Real Canadian Liquor Store and Dollarama. Expected to join them in the coming months is a PetValu, Bowmont Animal Hospital, Artemis Dental, Edo Japan, BarBurrito, Wayback Burgers, and Subway.

READ: “A Perfect Storm”: Why BC Industrial Real Estate Demand is Migrating to Alberta

The Bow River Shopping Centre is owned by ONE Properties, a privately-owned firm that develops and manages a variety of real estate properties, including retail, industrial, and multi-family residential. ONE Properties is also developing the two-building development on 9th Avenue that is set to bring a whopping 816 residential units to downtown Calgary.

Bow River Shopping Centre Calgary - ONE Properties (3) Site Plan (ONE Properties)

A site plan also indicates that Phase 2 of the Bow River Shopping Centre will be located across 69th Street and include additional retail spaces. No details about Phase 2 have been announced, but a leasing brochure says that there will be "several opportunities available for tenants in a wide range of sizes for CRU, midsize box, restaurants, quick service food, fashion, and many more."

In a press release announcing the centre's opening, Stefan Savelli, Senior Vice President of Mixed-Use Development for ONE Properties, said "We look forward to seeing Bow River continue to grow with local and national tenants contributing to the unique retail mix."

Calgary

15-Acre, 158,300 Sq-Ft Bow River Shopping Centre Opens in Calgary

The Bow River Shopping Centre in the Bowness neighbourhood of Calgary is now open for business and it's in a prime location.

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The 87-unit rental building at 4026 Quadra Street in Victoria was previously owned by Asfar Holdings Ltd. when it was placed under receivership in March.

The Madeira Manor site at 4330 Maywood Street (6677 Silver Avenue) in Burnaby was acquired by Thind Properties from Kirpal Group.