Coming soon to some farmland near you… destination retail/entertainment mall and development to the tune of 1.8 million sq.feet.
The Tsawwassen First Nations have signed a deal that will forever change the landscape of South Delta and Tsawwassen. While everyone is still up in arms over the Southlands, they quietly inked a deal last week with two property development corporations to build not one, but two malls- one the comparable to Metropolis at Metrotown.
“It will be the signature shopping centre in the province,” TFN Economic Development Corporation CEO Chris Hartman said in an interview. “A project like this will have a draw much further than the Lower Mainland. You have a significant population on [Vancouver] Island without a facility like this. There’s also significant traffic passing by the site going to BC Ferries. And it will draw people from other parts of the province.”
Hartman said the proposed project -which includes up to 1.8 million square feet of retail, office, entertainment and other uses -would start construction in late 2012, with the first phase opening in 2013 and build out completed by 2014 or 2015.
Hartman said TFN has signed a memorandum of agreement with Ivanhoe Cambridge and the Property Development Group to build the project.
Of course, this would explain why the TFN asked MetroVancouver to upgrade and install new water mains, and why the SFPR has an overpass strategically located to allow access to that area alternatively to the highway.
This is a travesty. A complete and utter travesty that will aid in further development in south Delta courtesy of the development companies currently buying options on ALR properties faster than you can say Falcon’s Follies. That area is home to prime farmland that should have been protected and preserved for years to come and future generations.
Go back and refresh your memory as to the real purpose of the South Fraser Perimeter Road and how it plays into not only this development, but all development and expansion south of the Fraser.