Okotoks’ under-construction shopping centre 70 per cent leased
D’Arcy Crossing will open in spring 2023 as B.C.-based developer looks to add more restaurants to ‘right’ tenant mix
D’Arcy Crossing, which will bring 150,000 square feet of retail and office space to the north end of Okotoks, Alberta, is starting to take shape.
The commercial component of the D’Arcy development, anchored by a 47,000-square-foot Safeway and a 17,000-square-foot Shoppers Drug Mart, is expected to open next spring, according to Isaac Beall, a senior director with Vancouver-based Anthem Properties.
Beall said about 70 per cent of the shopping centre has already been leased and he expects it will be very close to fully leased by its April 1, 2023 scheduled opening date.
In addition to the two anchor tenants, there will also be a 10,000-square-foot Dollarama, a 6,000-square-foot Safeway liquor store as well as a Pet Valu, Starbucks and Popeyes, among others.
Beall said they’re focused on lease agreements with larger format restaurants, but he wasn’t able to make any announcements at this time.
“It will be filled out with the smaller operators that come later, food service operators, doctors, dentists, hair salons, those kinds of things,” he said.
After stripping and grading of the site late last year and foundations installed throughout winter, framing is now being erected for the nine buildings that will surround a central parking lot.
“You’re seeing a whole bunch of steel going up on the site recently so now it’s very, very obvious it’s under construction,” Beall said.
He said the first buildings are expected to be completed later this year to give tenants time to make leasehold improvements prior to next spring’s opening. A two-storey office building on High Street will be the last to be completed, likely by June of next year.
Beall said the north end of Okotoks