commercial real estate

Developments

Belmont

With 33 properties slated for development over the next decade or longer, Crombie is focused on increasing our presence in some of the most competitive commercial real estate markets in Canada. Working both independently and in joint-ventures, we're evaluating, planning, and building spaces that will help shape the way people will live, work, shop, and play in Canada's fastest growing urban areas.

33

Major Development Opportunities

1.3M sq. feet

Commercial Potential

9.8M sq. feet

Residential Potential
Le Duke
Montreal , QC
Active Development

Le Duke

Category
Mixed Use
Completion Date
2021

A joint venture project with PrinceDev, the new Le Duke mixed-use development is adjacent to the Bonaventure Greenway in Old Montreal. This estimated $127 million investment includes a 25 storey mixed-use tower with 390 residential rental units, a 25,000 sq. ft. IGA grocery store, a 1,000 sq. ft. retail space, and 300 underground parking stalls. The heritage building that was previously on site has been integrated into two story façade. This redevelopment began in late 2017 and will be complete in 2020.

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Belmont Rendering
Langford, BC
Active Development

Belmont Market

Category
Mixed Use
Completion Date
2021

Developed as a highly desirable, grocery anchored, mixed use centre in Langford, BC, Belmont Market is under active development. The centre is currently estimated at 160,000 sq. ft and includes a 53,000 sq. ft. Thrifty Foods, which opened May 2019. 16,000 sq. ft. is currently available for lease, in addition 17,000 sq. ft. to be built in the future. The site neighbours the Galloping Goose trail and numerous parks and lakes, and is pedestrian and cyclist friendly.

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Redevelopment at Bronte
Oakville, ON
Active Development

Bronte Village

Category
Mixed Use
Completion Date
2021

This joint venture redevelopment project with PrinceDev is nearing completion. Shadow-anchored by Farm Boy and Rexall, The Village at Bronte Harbour is comprised of two luxury rental residential towers (10 and 14 storeys) with 483 units, 614 underground parking spaces, and 13,500 sq. ft. of new complementary retail space on the ground floor.

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This discussion of Crombie’s development properties contains forward-looking statements about expected future events, including statements and images regarding the locations identified, timing, cost, and development size and nature, all of which may be impacted by real estate market cycles, the availability of financing opportunities and labour, actual development costs and general economic conditions, and which assumes obtaining required municipal zoning and development approvals and successful agreements with development partners and existing tenants. All forward-looking information is qualified by all cautionary statements included in Crombie's public filings which can be found under the “Company Documents” page under the “Investor Relations” tab on this site. These forward-looking statements are not guarantees of future events or performance and, by their nature, are based on Crombie’s current estimates and assumptions. Crombie can give no assurance that actual results will be consistent with these forward-looking statements.