Calgary’s iconic Eau Claire Market mall will shut subsequent yr to make method for a brand new Inexperienced Line LRT station.
Town of Calgary mentioned it has reached an settlement with Harvard Developments to amass the land for a future underground station at 2 Avenue SW, in accordance with a Wednesday morning launch.
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Town mentioned the settlement with Harvard Developments consists of each purchases of the land for the station and the lease of further land to be used in the course of the development interval.
Harvard Developments is an actual property firm that owns the Eau Claire Market procuring heart.
“The Inexperienced Line was designed as a city-shaping challenge and there’s no higher instance of that than the alternatives for future transit-oriented growth at this website,” mentioned Inexperienced Line LRT Chief Government Officer Darshpreet Bhatti.
“It is a vitally essential station alongside the long run 46 km alignment and can bridge the Eau Claire and Chinatown communities and join Calgarians to a treasured a part of the town.”
The mall will stay open till mid-Q2 subsequent yr. After that, the constructing will likely be turned over to the town for demolition to start station development and future growth.
Two eating places within the space, JOEY Eau Claire and LOCAL Public Eatery, is not going to be affected by the demolition.
Rosanne Hill Blaisdell, president and chief government officer of Harvard Developments, mentioned the corporate knowledgeable tenants of the challenge throughout a briefing earlier this week.
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“Whereas we see this as a time of optimism and revitalization, we additionally perceive that this infrastructure initiative would require the closing and relocation of the 50+ companies which have known as Eau Claire Market residence,” Blaisdell mentioned in a press release mentioned.
“We worth our relationship with our tenants, so it was essential to present them as a lot lead time as potential to make sure a easy transition for his or her enterprise.
“It’s our intention to assist our retailers all through the rest of 2023 and early 2024 to encourage continued buyer site visitors at Eau Claire Market.”
Harvard Developments mentioned the following part of the challenge would come with planning functions to replicate the brand new station. An up to date land use redesignation plan, space redevelopment plan and a subdivision software have already been submitted to the town for evaluate.
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