Development and Re-development
First Mutual Properties identified 70 First Lake Drive as an under utilized commercial facility. As a former shopping centre, the site had been converted to a commercial call centre and warehouse space.
FMP had recognized the change in demographics of the area since the conversion of the property to commercial and had determined that a retail use was required to complement the residential growth of Sackville.
FMP acquired the property and presented it to a national food store as an opportunity to service the growing residential market and were successful in securing a 53,000 square foot addition to the existing building as well as develop 10,000 square feet of retail space.
First Lake Community Plaza
First Lake Community Plaza is the classic definition of a neighbourhood commercial plaza. The neighbouring properties include a Splash Pad, Kinsmen Community Centre, Arena, Bingo Hall, Canoe Club, Metropolitan Sports Complex, 3.3 Km walking trails around First Lake, schools, Eddie LeBlanc Memorial Ball Park, Sackville Lakes Provincial Park and a mature residential neighbourhood. With First Lake Community Plaza adding Sobeys, NSLC, Tim Hortons, Needs and Staples Call Centre which employs over 800 Jobs. This area really does have something for everyone.
First Mutual Properties continues to own the self managed Property and continues to work with the tenants in developing additional retail opportunities.