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Jun 14, 2024

Qualico Properties Closing in on Completing Edgemont Landing Commercial Site

Edmonton, AB – Qualico Properties is set to finish off its 91,000-sq.-ft. Edgemont Landing commercial development in southwest Edmonton with the addition of a grocery store anchor and three more commercial retail unit buildings.

Edgemont Landing will be supporting multiple communities in the surrounding area, including Edgemont (approximately 70% complete, around 5,000 residents), The Hamptons (around 14,000 residents), and Riverview (around 4-5,000 residents).

These communities do not have any commercial development, so residents are excited about gaining easier access to retail and services via Edgemont Landing, according to Greg Stamler, Senior Director, Leasing, Qualico Properties.

“This is one of the fastest-growing areas of Edmonton and there’s been a lack of commercial amenities here,” said Greg. “Residents have been asking for something like this for several years, so Edgemont Landing is going to help immensely.”

Sobeys will be the grocery anchor for the development – a deal that started in 2012 and is now coming to fruition after Sobeys first purchased the land at Edgemont Landing and later decided to sell it back to Qualico. Going forward, Sobeys will lease the space from Qualico Properties.

“The lease with Sobeys was finalized in Q1 of 2024,” explained Greg. “We will start construction in July and hope to be open in Q2 of 2025.”

The construction of the three additional buildings on the 9.8-acre site is set to start in June this year, with tenants including Pet Valu (4,500 sq.ft.), Sobeys Western Cellars (5,500 sq. ft.), Dollarama (10,500 sq. ft.), Anytime Fitness (5,500 sq. ft.), a daycare (4,500 sq. ft.), an orthodontist office (2,400 sq. ft.), and a land lease with Petro-Canada (+/- 38.000 sq.ft.). The project is almost fully leased, with Pet Valu still pending.

Nearly 20,000 vehicles pass by the site every day, and the residents living in nearby communities have higher household incomes and increased spending capacity, making Edgemont Landing an attractive option for commercial tenants and a beneficial asset for Qualico Properties.

With the upcoming completion of Edgemont Landing, residents in Edgemont, The Hamptons, Riverview, and beyond will be able to access additional convenient and attractive options for shopping, health, and dining needs without having to roam far from their community.

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