Wesgroup’s Brewery District masterplan community was recently featured on the front page of Business in Vancouver (BIV). BIV’s Frank O’Brien interviewed David Wesik, Vice-President of Corporate Development, to learn more about how Wesgroup’s ‘backwards’ development strategy at Brewery District has become a success story for this community.
Residential is now nearly mandatory with Metro Vancouver retail and office projects and the common strategy is to lead with the housing to create a critical mass of consumers to attract retail tenants.
But at the Brewery District, a 1.39-million-square-foot blend of offices, retail space and 750 housing units adjacent to New Westminster’s Sapperton SkyTrain station, Wesgroup led by attracting a large food store, then developing office space, and then building out the retail before the start of the residential component.
This reverse strategy really helped to propel the Brewery District community forward, with TransLink, medical professional offices, and Health Science Association as major office tenants, along with Save on Foods, TD Bank, Shoppers Drug Mart, Starbucks, Take 5 Cafe, Browns Social House, and a future yoga studio all part of the the anchor retail tenant mix.