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Alberta & Prairies  + Retail  | 
Calgary's Eau Claire Market redevelopment rendering

Calgary’s Eau Claire Market Closing May 31

An era will end May 31 as Calgary’s Eau Claire Market closes to make way for a new light-rapid-transit station.

Harvard Developments announced the closure date this week. The developer agreed to sell the downtown mall to the City of Calgary in January 2023.

The deal called for the city to take ownership in June 2024 to develop the 46-kilometre Green Line, which will stretch from Eau Claire to the Seton district in the city’s southeast.

The mall opened in 1993 and was purchased by Regina-based Harvard Developments in 2004.

“As we bid farewell to the Eau Claire Market building, we know it marks the beginning of an exciting new chapter for the area,” Rosanne Hill Blaisdell, the company’s CEO, said in a release.

The 170,000-square-foot mall sits adjacent to Prince’s Island Park and the Bow River. Accessible via footbridges, it has served as a pedestrian conduit between the city’s northwest and downtown core.

The mall was modelled after Vancouver’s Granville Island Market with a goal to mix retail activities with artisanship, entertainment, and community events, many of which have occurred on a large outdoor plaza.

The mall is slated to be demolished in July.

Harvard Developments plans to construct a multi-building, mixed-use property around the future Green Line station.


Inside The Story

Roseanne Hill BlaisdellHarvard Developments

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Sale/Acquisition
  • ◦Development
  • ◦Policy/Gov't
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