GROSVENOR development group announced plans to buy the SuperValu site in Edgemont Village Tuesday.
Grosvenor will submit their plans for a mixed-use building perched over a retail podium which would include a new grocery store according to James Patillo, senior vice-president of Grosvenor Americas.
"I imagine three to four storeys is something that would be contemplated," Patillo said, stipulating that planning is in a very early phase. "There hasn't been a lot of new product there. (We're) certainly looking at both downsizer units and units that would be suitable for young families."
Grosvenor is slated to officially become the owners of the property on March 11.
The grocery store is scheduled to be converted to a Thrifty Foods following a four-day closure beginning March 10.
"That'll be run very similar to the way it is now, it's just a different name on it," Patillo said.
SuperValu employees will be invited to apply for work at the new store, according to Patillo. "We anticipate it will be a bigger store and so there would likely be more employees. More of a full-size, full-service grocery store," he said.
The entire ground floor of the development would likely be a mix of retail shops, according to Patillo. Townhouses facing onto Ridgewood Drive are also a possibility, he said.
Grosvenor is currently awaiting the District of West Vancouver's ruling on their bid to purchase the 1300-block of Marine Drive in Ambleside, replacing the police station as well as the rest of the southern side of the block with tiered mid-rise towers peaking at eight storeys.