By Craig Patterson
Vancouver’s City Square Shopping Cente is a mixed use office and retail complex located beside Vancouver City Hall at West 12th Avenue and Cambie Street in Vancouver’s affluent and growing West Side. With the recent announcement that Safeway is closing several of its Lower Mainland stores, the retail component of City Square presents an opportunity for a grocery retailer to fill Safeway’s 25,400 square foot space.
The large retail space is located at the southwest corner of the centre and includes grocery store loading/access infrastructure, as well as prominent access from within the City Square Shopping Centre itself. A bright multi-level parkade below accommodates more than 700 vehicles for shoppers and employees.
City Square is a unique property, combining heritage buildings with a commercial building that includes more than 50 retail units in approximately 141,000 square feet of retail space, as well as two six-storey class “A” office towers with approximately 900 employees (the total complex spans almost 250,000 square feet). The retail component includes locations for names such as Dollarama, Starbucks, Kin’s Farm Market, Body Energy Club and Hot Yoga 101, along with unique tenants such as the Blanche MacDonald School and a large Steve Nash Fitness World location.
Health and wellness is a focus for City Square, making the centre unique in Canada. Healthy living is present amongst the centre's existing tenants. City Square is located a short walk away from some of Vancouver’s most important health organizations (such as Vancouver General Hospital, Centre of Disease Control, BC Cancer Agency, and Canadian Cancer Society). Moreover, third party market research has confirmed to City Square that its shoppers are enthusiastic about the shopping centre's wellness positioning.
City Square is located a short distance from a range of upscale neighbourhoods — including high-density areas such as Fairview and Yaletown, as well as one of Canada’s most prestigious mansion neighbourhoods, Shaughnessy, which is only a short drive away.
The Broadway-City Hall Canada Line Skytrain station is only a short distance away, and the nearby Broadway corridor will see a new underground transit line pass underneath, replacing North America’s busiest surface bus transit route. Over 35,000 vehicles per day pass along on Cambie Street (at West 12th Avenue) and about 30,000 vehicles per day on West 12th Avenue (between Cambie and Ash Streets), according to the City of Vancouver.
The area is growing quickly, with new residential projects planned that will add hundreds of new residents. Development along the adjacent Cambie corridor will see thousands of new residents as the city encourages increased density.
For more information about City Square, contact Jim Greenwood at: email@example.com or: Office: (604) 876-5165 | Cell: (604) 682-2631