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Pacific Canada  + Cross Border News + Maritimes  + Apartments  | 
Crombie REIT and Westbank have decided to provide only rental housing units in their redevelopment of a Canada Safeway store in Vancouver

Developers Revise Safeway Redev Plans

Crombie REIT and Westbank have decided to provide only rental housing units in their redevelopment of a Canada Safeway store in Vancouver’s Commercial Drive area.

The developers had planned to include condominiums in their mixed-use complex, which also involves upgrading the Safeway store. New Glasgow, N.S.-based Crombie and Vancouver-based Westbank have now opted for rentals exclusively and withdrawn a development plan that was filed in 2019 and adjusted in 2020 and 2021.

The companies propose to construct 981 rental and below-market rental units across three towers standing 35, 36 and 39 storeys. One tower will be built atop a new, larger Safeway store. The other two buildings will be located in what is now the Safeway’s parking long.

“We have heard from this community that there is a need for housing across the continuum now,” said Westbank on the project’s website.

“This project is a direct response to this need, and aligns with municipal and provincial initiatives to promote further density on transit.”

The property is located next to the Broadway-Commercial SkyTrain station and a major bus routes.

Architects in Chicago-based Perkins & Will’s Vancouver office are designing the project.

Image: Westbank

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Crombie REITWestbank

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.

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