Canadian urban planners have coined a new term to describe the current trend hitting BC which is seeing the transformation of aging shopping malls and other huge urban properties. “Retrofitting suburbia” may be coming your way. Spaces once dedicated to retail and parking are being reinvented and filled with a mix of retail, residential and office space. Experts believe that the trend may be correcting planning errors made in the 1960’s when old shopping centres were built with little thought and the hope that customers would just arrive. Home to new cultural hubs, these modern developments are crafting a new topography. Malls in the Lower Mainland are adding urban towers, community learning spaces, music venues and more, creating places where people can live, work and shop.
Mel Beaton leads Hammerberg Lawyers’ Real Estate Law Group. With over 25 years’ experience Mel has acted as lead counsel in some of the province’s largest valued real estate transactions. Often involved from the conception of a new project, the team works with specialist planning consultants and architects to advise on legal issues which arise as development applications are submitted, through to the complex legal requirements governing the sales and marketing phase as development completes.
If you would like more information or require legal advice regarding real estate development, please contact one of the lawyers in our Real Estate Law Group.