North Hill Sears may be site of major residential, commercial development

The North Hill Sears store could become the site of a major residential and commercial development.

Sears Canada enters agreement with developer for 12-acre Calgary site

The North Hill Sears store in Calgary is being considered as a possible site for new residential highrises. (Google Maps)

The North Hill Sears store could become the site of a major residential and commercial development.

Sears Canada has entered into an agreement with Concord Pacific to develop the 12-acre site.

The plan includes residential highrises with potential for more retail development.

Sears said it plans to continue operating at the site during construction.

In a written statement, the company said the deal is in its early stages and there is no guarantee at this point that the project will go ahead.

Completion of the development depends on a number of factors including the economic value to the company, obtaining approval from the City of Calgary, taking into account any shifts in the Canadian economy and the state of the Calgary real estate market. 

The North Hill Sears store opened in 1958.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.