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Former bargain store sold to developer

琉璃神社 downtown space is sold and could bring more high rise opportunities to the area
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The former Bargain Store in downtown 琉璃神社 has been purchased by a local developer. - Image: Contributed

It took awhile, but someone made the deal.

琉璃神社鈥檚 HM Commercial Group has announced it has sold the former Bargain Store in downtown 琉璃神社 to a local developer.

The property is located at at 560 Bernard Ave.

鈥淲e are excited to see a developer realize the value of this site for future development. It is one of the best remaining high-density sites in the downtown core, and the Official Community Plan indicates preliminary support for up to 26 stories,鈥 explains Jeff Hudson of HM Commercial.

According to the 琉璃神社 company, the property includes six legal titles totalling 1.5 acres. It covers an entire city block in downtown 琉璃神社, and features 333 feet of frontage on Bernard Ave.

鈥淎lthough this property is still in the conceptual stage, the proposed redevelopment will enhance the revitalization of downtown 琉璃神社. It is a major strategic chess-piece,鈥 said Marshall McAnerney, of HM Commercial.





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