Northlands receives 13 expressions of interest in redevelopment plans
Edmonton, Alberta / 630 CHED - Edmonton Breaking News, Traffic, Weather and Sports Radio Station
Scott Johnston
Posted: June 29, 2016 06:00 am
| Last Updated: June 28, 2016 05:46 pm
Northlands has received national interest for it’s plans to redevelop its 160 acres. Thirteen companies have shown expressions of interest including the same company that re-did the area around Lansdowne Park in Ottawa.
“When you see as many as 13 responses come back that’s exceptionally strong,” said CEO Tim Reid. “They’re quality packages that have come back to us and we think it speaks to the fact there is a desire to see development around Northlands and we think that’s particularly important for north east Edmonton.”
That includes the Trinity Group which is credited with creating an attractive mixed-use development around the CFL home of the Ottawa RedBlacks. “We took in a lot of ways the model we’ve seen in other cities, specifically Lansdowne Park in Ottawa which was everything from town houses that were integrated into build-ups to mid-density and high-density. Our concept is the full spectrum.”
Reid said in an interview that Northlands can offer developers an attractive parcel of land with built in amenities. “The great thing about having a 160 acre site on an LRT line, so close to downtown is that you want to be cautious with how you develop. We want to work with the City of Edmonton but having 13 responses suggests that there is interest in the market.”
