Calgary’s Brentwood Village Shopping Centre in the northwest is getting a makeover, one that includes a lot more housing.
RioCan Real Estate Investment Trust says it’s one of the retail shopping centres in its portfolio being converted into mixed-use communities that have the potential for more than 20,000 residences in six major Canadian markets.
The announcement of the RioCan Living brand formalizes the real estate trust’s efforts to address the residential market.
The Brentwood project is called Brio and includes a 12-storey residential tower with 163 rental units, and it’s scheduled to be ready by the fall of 2019.
Six of the eight initial projects are in Toronto, while one is in Ottawa.