New busi­ness com­ing to New Mi­nas

Four new re­tail­ers set to open doors this fall

Valley Journal Advertiser - - NEWS - SARA ERIC­S­SON KINGSCOUNTYNEWS.CA Sara.Eric­s­son@kingscountynews.ca

More new busi­nesses are com­ing to New Mi­nas, ac­cord­ing to prop­erty de­vel­op­ment com­pany Plaza Re­tail Reit, which owns the Gran­ite Drive, Sil­ver Fox and Com­mer­cial Street plazas, where four new busi­nesses will move into. The com­pany aims to have con­struc­tion com­pleted and busi­nesses open by the Christ­mas sea­son.

Con­struc­tion at the old Fu­ture Shop lo­ca­tion on Gran­ite Drive in New Mi­nas has many guess­ing at what new store may be com­ing to the lo­ca­tion.

The Gran­ite Drive Plaza is owned by prop­erty de­vel­op­ment com­pany Plaza Realty Reit and sits at the cor­ner of Com­mer­cial Street and Gran­ite Drive.

Com­pany ex­ec­u­tive vice-presi- dent and chief in­for­ma­tion of­fi­cer Peter Macken­zie con­firmed the de­vel­op­ment de­tails, say­ing the com­pany is de­vel­op­ing space for four sep­a­rate re­tail­ers at its Gran­ite Drive, Sil­ver Fox and Com­mer­cial Street plazas.

In to­tal, the com­pany now owns 100,033 square feet of com­mer­cial space in the vil­lage.

Macken­zie also con­firmed the project is slated for com­ple­tion by the fall of 2018, with its new stores open by the Christ­mas sea­son.

“By the end of the year, with the ex­cep­tion of the pro­posed pad site at Sil­ver Fox, we will be fully leased,” he said.

Not yet con­firmed who re­tail­ers will be

The de­vel­op­ment at the old Fu­ture Shop store comes af­ter the com­pany bought out the re­main­der of its lease and is ren­o­vat­ing the space to cre­ate two sep­a­rate re­tail spa­ces.

An­other space is be­ing ren­o­vated on the other side of Win­ners, for a third new re­tailer.

Macken­zie did not con­firm what stores will move into the spa­ces. Win­ners also did not re­spond to a re­quest for com­ment on the de­vel­op­ment, hap­pen­ing on ei­ther side of its cur­rent lo­ca­tion in New Mi­nas.

With work hap­pen­ing on each of their prop­er­ties in New Mi­nas, Macken­zie said the com­pany has its sights set on New Mi­nas, where re­tail seems to be boom­ing.

That, com­bined with the in­crease of traf­fic promised by the new high­way ac­cess along Gran­ite Drive in­ter­change, which De­part­ment of Trans­porta­tion and In­fra­struc­ture Re­newal spokesper­son Marla MacIn­nis con­firmed is slated for com­pleted this fall, has Macken­zie feel­ing very ex­cited.

“This de­vel­op­ment is very ex­cit­ing for us, and we hope peo­ple in New Mi­nas are ex­cited as well,” he said.

“This area has been a win for us — the fact we’ll be fully leased by end of year — this means we’ll be pay­ing at­ten­tion to New Mi­nas in big way over the fol­low­ing year.”

SARA ERIC­S­SON

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