Still more places to shop
Dartmouth Crossing continues to expand, despite some retailers’ change in plans
By BILL POWER Business Reporter
Wed. Mar 25 - 5:47 AM
The most significant development at Dartmouth Crossing this year will be the opening of Phase III of the Main Street retail area near the Empire Theatres complex. (TED PRITCHARD / Staff)
IT PROMISES to be a busy spring at Dartmouth Crossing development-wise despite a stifling of the retail sector across Canada due to the recession.
"We’re obviously not building as quickly as when we first opened, but there is still a lot going on," Glenn Munroe, managing director in eastern Canada for North American Development Group, said Tuesday.
"In the coming weeks a significant number of announcements are expected," he said from Montreal.
A new CIBC branch has opened at a central location within the 200-hectare shopping, dining and entertainment area and a new Henry’s Camera outlet is expected to open in about a week. The Hampton Inn and Suites is scheduled to open within a few weeks and Costco is preparing to soon open its second location in Halifax-Dartmouth.
"There will be a lot going on during spring that will be visible to the eye. There will also be a lot going on behind the scenes on the retail side and with other components of the development," said Mr. Munroe.
The most significant development at the site this year will be the opening of Phase III of the Main Street retail area in the vicinity of the Empire Theatres complex.
Although the managing director would not get into specifics, the rumour mill has been churning out stories about some once-interested retailers postponing plans to locate within the extension of the Main Street site.
There is about 100,000 square feet of available retail space available in Phase III and it is no secret that most of the major Canadian retail chains have adjusted expansion plans to meet the new reality of the recession.
Mr. Munroe said new participants for Phase III are stepping forward to replace those who’ve stalled their plans for various reasons.
"The issue these days is to get the various retailers operating on the same page as far as some opening dates goes," he said.
He noted a new tenant has been secured for the Linens ’N Things location left vacant after the North American chain went bankrupt last year.
Besides activity on the retail side at Dartmouth Crossing, there will be continuing site improvements.
"The site will offer a number of unique features, including an amphitheatre, walkways and a brook that ranks as the second largest trout stream in the province," he said.
Planning is also continuing for a major office-space development and for a residential component that is expected to bring about 2,500 residential units to the area.
Plans for growth at the competing Bayers Lake Business Park in Halifax suffered a setback earlier this year when Plazacorp Retail Properties Ltd. decided against exercising the option it held on an 88-acre site adjacent to the shopping area.
(
bpower@herald.ca)