Tsawwassen Mills and Tsawwassen Commons, the first major developments on
Tsawwassen First Nation treaty lands
TSAWWASSEN, BC, Jan. 24, 2014 /CNW Telbec/ - After almost two years of
project planning and site preparation, today marks the official start
of construction for two landmark projects: Ivanhoé Cambridge's
Tsawwassen Mills and Property Development Group's Tsawwassen Commons.
These destination retail developments are being constructed on
Tsawwassen First Nation Lands.
"This development partnership is a major step towards achieving our
community's vision under our Treaty," says Tsawwassen First Nations
Chief Bryce Williams. "We are delighted to partner with world-class
developers to realize the commercial/retail element of our land use
plan. Combined with our complementary agricultural, residential, and
industrial activities, this development is a significant move forward
in creating a truly sustainable community for our Members."
"Tsawwassen First Nation is a model of how B.C.'s treaty process can
work, not just for First Nations, but for neighbouring communities.
These projects will make a major contribution to building the economy
and providing jobs across the Lower Mainland," says Aboriginal
Relations and Reconciliation Minister John Rustad.
"We are privileged to bring our global expertise and leadership in
developing what will become a truly international shopping destination
and to be part of the future of Tsawwassen First Nation," says Daniel
Fournier, Chairman and CEO of Ivanhoé Cambridge. "Our shopping centres
become integral social and economic partners in the communities in
which we do business across Canada. We look forward to extending that
level of quality of service and shopping experience at Tsawwassen
"Property Development Group brings a solid track record of partnering
with First Nations to develop first-class retail developments and we
are delighted to be working with Tsawwassen First Nation to make
Tsawwassen Commons a reality," says Lawrence Rank, Chairman and
Founding Partner of Property Development Group.
As the construction begins towards a spring 2016 opening, Ivanhoé
Cambridge took the opportunity to announce that Bass Pro Shops is
coming to Tsawwassen Mills. The outdoor retailer is unique to the
British Columbia market and at 13,500 m2 (145,000 ft2), is the first of several major marquee retailers that will be featured
at Tsawwassen Mills. Property Development Group introduced feature
retailers Walmart, at 10,000 m2 (108,000 ft2), and RONA, at 4,100 m2 (44 000 ft2), for Tsawwassen Commons. These premier retailers will make these
retail developments a shopping destination for Metro Vancouver and
Located at Highway 17 and 52nd Street, Ivanhoé Cambridge's Tsawwassen
Mills will include approximately 111,500 m2 (1.2 million ft2) of retail, with 16 anchors, a unique mix of premium fashion brands,
factory outlets, restaurants and first to market retailers, as well as
a 1,100-seat food court. The development will be modelled on the
successful CrossIron Mills and Vaughan Mills in the Greater Calgary and
Greater Toronto areas.
Property Development Group's Tsawwassen Commons will provide 51,000 m2 (550,000 ft2) of outdoor retail space and will include a quality blend of national,
regional and independent retailers, restaurants and financial services.
Note to editors: high-resolution images support this news release.
About Ivanhoé Cambridge
Ivanhoé Cambridge is a world-class real estate company that leverages
its high-level expertise in all aspects of real estate including
investment, development, asset management, leasing and operations, to
deliver an optimal return for its investors. Through its multiple
subsidiaries, its assets in more than 20 countries were valued at over
Cdn$35 billion as at December 31, 2012. Ivanhoé Cambridge is a real
estate subsidiary of the Caisse de dépôt et placement du Québec (lacaisse.com), one of Canada's leading institutional fund managers. For more
information, visit ivanhoecambridge.com.
About Property Development Group
Property Development Group ("PDG") is Western Canada's pre-eminent
shopping centre development company. Headquartered in Vancouver,
British Columbia, PDG is currently developing in excess of 1.5 million
square feet of premium retail and mixed-use projects. PDG has developed
a strong working relationship with a number of First Nation communities
in developing shopping centres on their lands, including the Cowichan
Tribes, Squiala First Nation, Westbank First Nation, Tsawwassen First
Nation, Tsawout First Nation and the Penticton Indian Band. For more
information, visit pdginvestments.com.
Image with caption: "Tsawwassen Mills, Tsawwassen, British Columbia (CNW Group/Ivanhoé Cambridge)". Image available at: http://photos.newswire.ca/images/download/20140124_C4958_PHOTO_EN_35826.jpg
SOURCE: Ivanhoé Cambridge
For further information:
Ivanhoé Cambridge - Sébastien Théberge
firstname.lastname@example.org / Global: +1.866-456-3342
Property Development Group - Alicia Richards
email@example.com / 604-691-7391
Tsawwassen First Nation - Tanya Corbet
tcorbet@TsawwassenFirstNation.com / 604-948-5205
Leasing Opportunities, Tsawwassen Mills: +1 866 778-1644