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CIBC sets sights on high-profile Saanich location

This vacant lot in the 3900-block of the Shelbourne Street thoroughfare will become a CIBC branch by the fall of 2017.

CIBC sets sights on high-profile Saanich location

A vacant lot near the busy intersection of Shelbourne Street and McKenzie Avenue will soon be transformed into a CIBC bank, according to planning documents filed with the municipality of Saanich.

First Capital Realty has applied to construct a two-storey, 8,300 square foot financial services building at 3959 Shelbourne Street in Gordon Head, a property adjacent to a Petro-Canada gas station and the western perimeter wall of the Tuscany Village retail complex.

The architectural design calls for no setback along the Shelbourne Street sidewalk frontage while surface parking will flank the building to the north and east.

CIBC expects to vacate its nearby University Heights Shopping Centre location in the fall of 2017 to coincide with the opening of the Shelbourne Street branch. 

An 2010 development proposal for 3959 Shelbourne Street envisioned a four-storey office development with ground floor retail space. Plans failed to materialize and the land was eventually put up for sale. Prior to the 2010 redevelopment effort an unoccupied single-family home was situated on the property. C

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