Aldergrove town center to be built on ‘historic ground’ – Aldergrove Star
Construction on a planned mixed-use development, Aldergrove Town Center, has finally begun at 272nd Street and the Fraser Highway.
The new development that replaced the decades-old Aldergrove Mall will feature three six-story buildings, with residential condos and commercial space on the ground floor, a 10-story tower with four levels of public parking and six levels of residential housing, and a two-story free-standing daycare.
Owner Janda Group performed the groundbreaking ceremony in the presence of key stakeholders and the general public on Saturday, October 8.
The groundbreaking ceremony was a Halloween-themed celebration and included five local businesses, a food truck and a display center showcasing 3D models of the first phase of the project.
The ceremony began with an introductory speech from Scott Brown, Managing Director of Fifth Avenue Real Estate Marketing. The company started working with Janda Group in 2014.
It took the two companies about eight years to bring the development project to where it is today.
Brown said the team had to wait for sufficient demand for a project like Aldergrove town centre.
“It’s a risky job. If we don’t have enough demand from consumers who want to live here, business won’t be successful,” he commented.
“Timing is everything,” he added.
About 65% of downtown homes have been sold, and Brown expects the rest of the sales to be completed within the next three to four weeks.
Although the company is receiving commercial enquiries, it has not started the rental process as it is currently focused on residential accommodation. Around 300 homes will be made available under the first phase, which will take around two and a half years.
Scott shared that people in Aldergrove or Langley bought a third.
He pointed out that the announcement of the new transit exchange played a crucial role in attracting people.
The town center land was cleared after the demolition of the abandoned Aldergrove Shopping Centre, which was built there in 1976.
For many years, neighboring businesses like Scott Pearce’s Home Hardware called for the mall to be removed.
In August this year, Janda Group finally made a move.
While the developers found nothing “unique as a treasure” during the “digs”, Sonny Janda of Janda Group felt like taking a trip down memory lane to uncover the nearly 50-year-old history of the mall.
“It was a treasure to see who was here, who was working here, who was opening a business…it was special,” Janda said.
He described the mall which Janda Group bought in 2008 as “historic land”, which will now provide opportunities for housing, business, leisure and more.
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