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Canadian Tire will open its first urban store in Calgary as part of a new Mount Royal area development that’s to include an Urban Fare supermarket and 34-storey condo tower with more than 200 residences.

Brian Kozak, executive vice-president for Western Canada with First Capital Realty, confirmed the Canadian Tire store will occupy the second floor of a 90,000-square-foot, three-storey building at 8th Street and 16th Avenue S.W. The Urban Fare grocery space will be on street level, while the third floor is slated for office use.

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Kozak said both stores should open in about two years. Canadian Tire officials could not be reached for comment Monday.

Its first Canadian Tire Express store opened in midtown Toronto two years ago, offering about a quarter of the goods available at the chain’s biggest stores, but in a much smaller space.

“This is a massive anchor for this area. We expect this is going to trigger … a massive revitalization of this whole corner,” said Kozak.