When Mount Royal Village opened its doors back in 1979 it was the place for boutique shopping and high-end retailers in Calgary.
Over the years, shops have moved in and out as time has taken its toll on the brick building, yet Steeps and Oasis Spa continue to call the village home. With recent plans announced to revitalize the area, this old hot spot might have a chance at reclaiming its place as a destination in Calgary’s Retail & Entertainment District.
First Capital has earmarked $10 Million towards redevelopment of the 85,000 sq. ft. shopping village and there are additional plans to develop the area surrounding 17th Avenue and 8th street SW. The enhancements planned will forever change the face of 17th Avenue and provide a retail landscape never before seen in this area.
The first phase of redevelopment is set to begin this spring with turnover to tenants in the later part of the year. The new Mount Royal Village hopes to attract desirable tenants including fashion retailers, high-end services, coffee shops, restaurants and medical/professional groups.
The second phase is likely 3-4 years out with building permits still in the works. Plans include a new 30,000 sq. ft. building set west of Mount Royal Village between 8th and 9th street that will include underground parking, a high-end grocer on the main level, a home retailer, and various services. There’s also the potential of a top floor gym.
With plans for a public park close to Caffe Beano and a 30 storey multilevel residential dwelling, Calgary’s Retail & Entertainment is sure to see a boost in pedestrian traffic as well as an increase in the business mix within this already vibrant area. Let us know what kind of business you’d like to see set up shop in Mount Royal Village.
Find it on 17th – 880 16th AVE SW
