Redevelopment planned for former Canadian Tire property
Kanas Corporation, a company known for innovative solutions and a triple bottom line approach, has purchased the former Canadian Tire building and land at 1100 Victoria Avenue North.
“This fits very well within our housing strategy and will be a huge benefit to our overall economic development plan. We are very pleased to see this investment in Cranbrook,” said Mayor Lee Pratt. “The former Canadian Tire site has been given a new life. There are new jobs and new homes on the horizon because of this re-development.”
Kanas President Robert Sipka agrees. “We, too, are pleased with this investment. We are impressed with the opportunities to grow within the East Kootenay, and believe Cranbrook is a great place to begin that growth.”
Next steps for Kanas include:
• Adding a solar panel array to the existing building to reduce its future environmental footprint.
• Developing a master plan for the property, together with local and regional stakeholders.
• Applying to change the OCP and zoning of the property to allow for a mix of uses.
Initial use discussions include adding a residential building to the north. Environmentally- healthy, accessible housing is one of Kanas’ clear strengths. Housing purpose-built to meet the needs of Cranbrook’s diverse population is a clear need, as identified in the city’s recent Housing Needs Report.
The existing building, at 44,400 sq. feet, could be used as a storage, assembly, and logistics hub, given its proximity to Highway 3. Or it could house a craft brewery, commercial bakery, glass- blowing studio, or other creative workspaces. Kanas welcomes expressions of interest.
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City of Cranbrook