Article content material
A deal struck to find an underground Inexperienced Line LRT station at Eau Claire will result in the demolition of the mall, a developer says.
Commercial 2
Article content material
The town and Harvard Developments introduced Thursday that they’ve entered into an settlement in precept to construct the station underneath the market at 2nd Avenue SW, the interim northern terminus for the 18 km part 1 of the LRT line that can prolong south to Shepard. .
Article content material
This can spell the demise of Eau Claire Market, the developer stated in a press launch.
“On account of this settlement, the primary purchasing heart Eau Claire Market will stay open and proceed common operations till the center of the second quarter of 2024,” stated the corporate, which has owned the market since 2004.
“It can then be handed over to the town for demolition to make manner for station building and future improvement.”
Eau Claire Market tenants discovered of demolition plans earlier this week
Commercial 3
Article content material
The 30-year-old market, with its almost 170,000 sq. ft. of retail house, is seen by many as a struggling retail and leisure venue that by no means achieved its purpose of changing into a middle of exercise within the metropolis’s core.
Harvard stated the Joey’s Eau Claire location and the native public eatery is not going to be affected by the demolition.
Each the town and Harvard say the market’s greater than 50 tenants have been knowledgeable of the plans throughout an open home earlier this week.
“Whereas we view this as a time of optimism and revitalization, we additionally perceive that this infrastructure initiative would require the closing and relocation of the 50-plus companies which have known as Eau Claire Market house,” says Harvard Developments’ CEO, Rosanne Hill Blaisdell.
“We worth our relationship with our tenants, so it was vital to offer them as a lot lead time as attainable to make sure a easy transition for his or her enterprise.”
Commercial 4
Article content material
-
Low flooring and longer vehicles: Metropolis unveils a mannequin of a brand new Inexperienced Line automobile
-
Inexperienced Line’s CEO says the undertaking has undergone intensive due diligence
-
Danielle Smith criticized for elevating considerations about UCP-approved Inexperienced Line tunnel
‘Inexperienced Line is designed as a city-shaping undertaking’: undertaking CEO
Metropolis officers say the station will anchor an vital bridge between Chinatown and Eau Claire, the latter of which might be house to transit-oriented facilities.
“Inexperienced Line was designed as a city-shaping undertaking and there’s no larger instance of that than the alternatives for future transit-oriented improvement at this website,” Inexperienced Line LRT CEO Darshpreet Bhatti stated in an announcement.
Some high-profile voices from Calgary’s enterprise world have beforehand raised purple flags about the price of the undertaking, notably with the plan for a downtown tunnel.
The $5.5 billion Inexperienced Line will finally run 46 kilometers from the town’s northern foothills to its southern reaches, marking the most important infrastructure undertaking in Calgary’s historical past.
The primary part will embody 13 stations stretching from Eau Claire to Shepard.
Extra to return…
BKaufmann@postmedia.com
Twitter: @BillKaufmannjrn
