Calgary Co-op's longstanding North Hill location to be redeveloped into mixed-use community
Calgary Co-op’s 60-year-old North Hill location is about to get a facelift courtesy of Royop Development Corporation.
The property on 16th Avenue North East, purchased by Royop in September, will transform into a mixed-use community with a new Calgary Co-op grocery store, residential apartments, parkade and two new commercial buildings.
Construction is slated to begin in early 2023, first focused on the residential space, which is expected to open its doors in 2024. Below that will sit a 55,000-sq.-ft. commercial level, featuring a new full-service Calgary Co-op grocery store, bank and retail spaces.
The additional commercial buildings will house a Calgary Co-op Wine Spirits Beer, Calgary Co-op cannabis shop, car wash and gas bar, and other service-oriented businesses.
Calgary Co-op’s existing gas bar will remain on the site with a new car wash to be added.
“We are pleased to enter into a long-term relationship with Royop on the sale and lease back of this property,” Damon Tanzola, vice president, facilities development and real estate for Calgary Co-op, said in a statement. “This transaction is part of our redevelopment strategy, which enables us to invest back into our member-owned businesses, provide enhanced amenities to the community and support the continuing sustainability of Calgary Co-op.”
During construction the current Calgary Co-op store will remain operational until the new store is opened, at which time the old location will be demolished to make room for other new buildings.
