The business mix at Red Deer’s Clearview Market Square is quickly taking shape.
Servus Credit Union opened in the commercial centre west of 30th Avenue and south of 67th Street on Monday — joining the Royal Bank, TD Canada Trust and CIBC branches already operating there. Nearby, work is progressing on a number of buildings designed for single occupants and multiple tenants.
Shoppers Drug Mart will set up shop in a new store adjacent to 30th Avenue to the south, while Loblaw Companies Ltd. is developing a nearly 30,000-square-foot grocery store, a gas bar and a liquor store further west. The grocery store will be locally owned and operated under Loblaw’s Your Independent Grocer banner.
Near the northwest corner of Clearview Market Square, a building for Canadian Brew House is under construction. The franchised pub will occupy 6,500 square feet and also have a 1,200-square-foot patio.
Three multi-tenant buildings are also nearing completion, with bays expected to be turned over to lessees in August, said Leah Margiotta, a development manager with Melcor Developments Ltd. Pet Planet, Subway, a veterinarian, a spa, an insurance agent, a tax preparation agency, a dentist and a tanning salon have all committed to Clearview Market Square, said Margiotta, who did not want to identify the unnamed tenants without their consent.
She said negotiations are ongoing with about a half-dozen other prospective lessees, with a coffee shop, food retail and medical uses among the possibilities. Businesses should be operating there by year-end, added Margiotta.
“We’re looking at putting in the spray park this year as well,” she said of a recreational feature planned for the area.
A play structure should follow next year.
A second phase to the west will proceed as demand and the needs of tenants dictate, said Margiotta. A fast-food restaurant with a drive-through is one possibility.
“Then, probably some more retail, and there’s potentially an office building.”
Margiotta said Melcor is pleased with how quickly Clearview Market Square is filling up.
“This is quite amazing for us. It’s been going really well.”
The new Servus branch, which is the credit union’s sixth location in Red Deer, consists of eight staff — including a district manager, and branch manager Nazim Manji. It offers a full range of banking services, including drive-through banking.