The land formerly occupied by Belmont Secondary School will be transformed into a 200,000 sq. ft. shopping centre and will be known as, Belmont Market Shopping Centre.
The development will also include over 330 new residences, which will be built on the eastern edge of the land. The homes will back on to the Galloping Goose Regional Trail.
According to Citified.ca, over 300 high density apartments will be spread among four woodframe buildings of five-to-six-storeys. A townhome component will also back on to the rear of the Thrifty Foods space, near the intersection of Jenkins Road and Brittany Drive.
A Victoria real estate company is already putting out the feelers for tenants. According to their brochure, the new mixed-use shopping centre will be anchored by a 52,700 sq. ft. Thrifty Foods.
Sobeys, the grocery corporation which owns Thrifty Foods, purchased the 21-acre property in 2014 for $23,250,000.
Developers say, the Belmont Market has been designed as a Town Centre, with a main street, angled parking, and with an attractive West Coast theme.
Completion of phase one is expected by July 1, 2017 with remaining phases to follow.
Take a look at the future Belmont Market Shopping Centre: