Weeks after downtown Cloverdale’s only full-service supermarket closed, leaving seniors
and others wondering where they’ll shop for groceries, there’s word on what will replace it as an anchor in Clover Square Village mall.
It will likely be a No Frills grocery store.
Barry Holmes, property manager for Colliers International, confirmed the Loblaw franchise will be moving into the high-profile location, ending weeks of speculation – and concern from residents, particularly seniors.
The Cloverdale MarketPlace IGA shut its doors on Feb. 27, ending 18 years of service.
No Frills supermarkets are known for deep discounts, and sell Loblaw’s No Name and President’s Choice brand products. There’s a No Frills location at 15355 Fraser Highway in Surrey, and another at 5501 204 Street in Langley.
A representative from Loblaw said Monday an agreement has been reached with the owners of Clover Square Village to lease premises there. It’s expected the store would operate
under the No Frills banner, he said.
The landlord approached Loblaw in 2014 on the possibility of operating a food store at the site, after being advised that the current tenant was not interested in continuing operations.
The No Frills banner is a franchise, and the store would be locally-owned.
There’s still no word on when the new store would open for business. Loblaw is planning to spend several million dollars on renovations inside the building, a project that includes for new fixtures and equipment inside the store.
The shopping centre owners are coordinating the transition with the existing tenant, so Loblaw is not able to confirm an opening date, although the company would like the store to open by the end of the year. A new No Frills typically results in 70 to 80 new jobs, the Loblaw representative said.
Clover Square Village is owned by Clover Square Holdings, a holding company of Standard Life Insurance.