Opportunity:
Create value from greenfield property
Project Summary:
- 267 gross acres of raw land located on major arterial routes with proximity to airport and fast growing resource service centre with a young population earning high disposable income.
- 31 net acres already zoned commercial
Results:
- Completed master planning and zoning with mixed use program of 55 net acres industrial, 72 net acres retail and 950 residential units in mixed densities.
- Completed subdivision of 85 net acres residential and retail land. Servicing and marketing programs underway.
- Closed first 14 acres retail and multi-family residential lot sales in Q1 2009.
- Overall project forecast of 20%+ IRR
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