TFN development leasing

Negotiations underway with three 'major anchor tenants

An artist's rendering shows the proposed Tsawwassen Mills Power Centre development that is planned to include 1.8 million-square-feet of retail space on Tsawwasen First Nation land.

Wal-Mart, Lowe’s and Canadian Tire are three big-name retailers that have been proposed for the Tsawwassen First Nation land.

TFN’s planned mixed-use development, called Tsawwassen Mills Power Centre, is now leasing retail space and marketing material published by Form Retail Advisors says there are “active negotiations underway with three major anchor tenants.” An illustrated map shows the possible locations of the three retail giants. But nothing is confirmed yet.

“To our knowledge, no retailer tenants of that development have been finalized at this time,” said TFN Chief Kim Baird in a statement. “Securing and attracting tenants to the project is the job of our potential development partners.”

Baird said the TFN has been working with Property Development Group and Ivanhoe Cambridge “for some time” on the major commercial development.

A listing from Form Retail advertises 100,000-square-feet of retail space available for rent at Tsawwassen Mills at $35 per square foot per year. A marketing brochure seeking potential tenants says Phase 1 of the project consists of a 600,000-square-foot retail development on 53 acres of commercially designated land in Metro Vancouver, estimated to open in the first quarter of 2014.

The brochure says the development also offers “unparalleled” exposure to ferry terminal traffic, which totaled 7.7 million passengers in 2009.

Phase 2 of the project consists of a proposed 1.2-million-square-foot enclosed mall.

The entire TFN development could include 120 acres, or 1.6 million-square-feet, of retail commercial development; 355 acres of industrial land located adjacent to Deltaport; and 325 acres of residential lands.

The lands, situated along the north side of Highway 17 near the ferry terminal, were received by TFN as fee simple land in 2009 as part of its treaty with the governments of Canada and B.C.

Chief Baird said the TFN is currently focused on the due diligence and review process. The due diligence will determine the feasibility of developing the project to meet TFN needs. Following that, there will be a members vote on whether or not to approve the project.

“TFN will also be consulting with its leaseholders and the broader community at the appropriate time,” Baird said. “If TFN members approve of the project going ahead, TFN will enter into lease agreements with our potential partners.”

The actual design and tenant mix of the project will not be determined until project approval is granted.

“We are working with our potential partners to ensure that the design highlights and promotes Tsawwassen First Nation and Coast Salish culture and traditions,” Baird said. “We are hoping that the project will include a combination of large and small retailers, as well as entertainment and other uses, which will offer the community options which don’t exist today.”

Surrey North Delta Leader

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Claiming she has COVID-19, stranger coughs in Cloverdale woman’s face

Clayton Heights woman will now self-isolate for the next two weeks

Police watchdog finds cops blameless for deaths in 2019 Surrey hostage-taking

Woman was killed as ERT officers fired on man holding a knife to her throat and ‘what appeared to be’ a gun in his hand

No, Delta police are not pulling over cars to check for social distancing

DPD dispelling rumour cops pulling over vehicles with two or more people, checking IDs, issuing fines

White Rock/South Surrey experts launch website of mental-health resources

Together White Rock/South Surrey aims to help ease the search for supports

B.C. couple celebrates 61st anniversary through seniors’ home window

Frank and Rena Phillips marked occasion at Nanaimo Seniors Village this week while social distancing

A look at some of the B.C. inventors creating life-saving tools in fight against COVID-19

Groups across B.C. are working together to create what they hope will help people affected by the pandemic

Association launches French-language games, online tools for families learning at home

Games, culture and vocabulary included in new virtual resources

‘There can be no ambiguity’: Travellers brought home to B.C. must self-isolate

Health Minister Adrian Dix said the mandatory isolation must be abided by

55+ BC Games cancelled amid COVID-19 concerns

Greater Victoria set to host 2021 event

BC Hydro offers three-month bill ‘holiday’ for those affected by COVID-19

Industrial customers can defer half of their power bills

VIDEO: Dog missing in Lower Mainland since winter sees his family again for the first time

Aldergrove helped find Buster, says dad, who has now witnessed ‘the power of social media’

Some April Fool’s Day jokes bring much-needed laughter; others tone deaf to COVID-19

Police are warning the public not to use the ongoing pandemic as a punchline

Canada’s 75% wage subsidy is coming, but not for several weeks: finance minister

Subsidy will cost Canada $71 billion, but push down cost of emergency benefit, Morneau said

Most Read