The area around CM Station is very unfortunate. All of the land save Avenida and the strip mall at Lake Fraser and Canyon Meadows Drive was vacant until 1992 as it had been planned for the south hospital that ended up in Seton. In 1992-93 several single family houses were built along Bonaventure drive and the mall that is now the theatre opened as a very large grocery store. When CM station was originally planned, the residents along Bonaventure didn't want LRT parking behind them, so the City agreed to construct the parking structure and sell the triangular shaped land that was originally planned as parking, for residential (this never happened).
The good news is that the strip mall, theatre, car dealership, funeral home and triangle land could easily be redeveloped.