1641 Davie Street
Buzzing with activity, Davie Street is located in a high density residential area of downtown Vancouver, BC. The site was, until recently, anchored by a 32,000 square foot Safeway grocery store, as well as a number of additional tenants. Crombie and Vancouver-based development partner Westbank Corp. will replace the existing retail asset with a new mixed use development scheduled which began construction mid-September 2017.
The development will include a new, larger, approximately 44,000 square foot grocery store with almost 9,000 square feet of ancillary retail space. As well, it will feature two rental residential towers totalling 253,000 square feet (up to 330 rental units) with an estimated total project cost of $180 million. Crombie will retain 100% of the new commercial component and own 50% of the rental residential component.