By James Wood

Conditional purchase of former Safeway building falls through

May 15, 2017 | 11:34 AM

The old Safeway building in Crescent Heights is back on the market.

A conditional purchase offer had been in place for the building back in April.

Bruce Bynoe of Avison Young, the Calgary company listing the sale, had confirmed that $1.9 million asking price for the former store had not changed, though he couldn’t give any details of the interested party.

However, he did state that May 15 would be a key deadline in the purchase. Reached on Monday, he said that the conditions for the sale were not waived, which meant the purchase deal had lapsed. He did not provide any details about the conditions of the purchase.

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Bynoe also indicated there were more potential buyers for the property.

The store had closed in December 2014, one of 50 stores closed due to slow sales by Empire Company, the parent company which owns both Sobeys and Safeway.

The location opened in 1960, and employed 37 people at the time of closure.