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The Building - Woodland Park Shopping Centre
In 1987, Terracap purchased approximately 7 acres of development land in Cambridge, Ontario,. and developed into a 65,000 square foot neighbourhood shopping centre, anchored by a 31,000 square foot Food Basics grocery store.
When A&P, the original grocery store on the site, went dark in the early stages of development, the plaza lost several other tenants.
Terracap renegotiated with A&P to reopen with their Food Basics concept, expanding from 25,000 square feet to 31,000 square feet, and the centre acquired a McDonalds’ restaurant pad which kick started the development of the site into the strong neighbourhood, grocery anchored retail center that it is today.