It might have taken more than 40 years, but West Lethbridge is finally getting its
first multi-‐storey, multi-‐unit office building complex – Heritage Station.
The 17,482 sq. ft., two-‐storey building, currently under construction at 876 Heritage Blvd W., is the first of a three-‐phase project created by local property developer Matthew Sherwood, and a first for West Lethbridge.
“West Lethbridge has nearly 38,000 residents*, and is the fastest-‐growing area of our city, but has traditionally been under-‐served by certain types of real estate development. That includes a combination of professional office and retail space,” Sherwood said. “What is common across the river is very uncommon here, until now. We are working very hard to help businesses that want to locate or relocate in West Lethbridge do so in quality space that they can own if they wish.”
Sherwood said the second and third phases, slated for construction in 2018 /19, will also be unique in that they will more than triple the commercial space and will also include a combination of retail and residential units.
“The second phase of the project will extend the current building. The third building will be located across the parking lot and will be a four-‐storey building with residential units above ground floor retail offices.”
Confirmed tenants purchasing condo units in the building include:
• Eye Appeal Vision Care (http://www.eyeappealvision.com)
• Gibbs Insurance Services (http://www.gibbsinsurance.ca)
• West Family Dental (http://www.westfamilydental.com)
“All three businesses are moving from other, often smaller, locations in West Lethbridge and are taking advantage of the ability to purchase their space rather than be leaseholders – a trend that is gaining traction in the city, in part because we are offering that as an option.”
Sherwood added that additional retail and flexible office space totalling 7,300 sq. ft. remains in Phase 1 (1,800 sq. ft. of main floor space and 5,500 sq. ft. of second floor space) and is currently available for purchase or lease through Avison Young Lethbridge. The space can be subdivided to suit an individual tenant / owner needs.
The $3.6 million building was designed by Lethbridge-‐based architect Ian Moxon and is being built by Silver Ridge Construction, with substantial completion and occupancy scheduled for March, 2017.
Sherwood said the size and untraditional shape of the property -‐-‐ it is approximately 2.4 acres and bordered by the railway and highway overpass -‐-‐ might have been a challenge to some types of development, but suited his needs perfectly.
“We were successful in our efforts to have the property re-‐zoned to accommodate our development concept. It was previously only zoned for a storage facility, and we believe our project is not only much more attractive but provides better long-‐term value to the community.”
“We are becoming increasingly well known for using space differently, whether it is redeveloping existing buildings or designing a new complex that fits into an established neighborhood. This latest development is in a high-‐profile location, is easy to find, close to a number of other services and, we expect, will attract other businesses here that might not have previously considered a West Lethbridge location.”