St. Albert commercial development on a roll

Infrastructure, commercial and residential projects are booming in the Alberta city

By
Western Investor
October 26, 2017





st. albert highway

 

While it may appear that residential dominates the St. Albert development scene, a number of commercial real estate and infrastructure projects are also underway in the city.

Here are some highlights, courtesy of St. Albert Gazette.

The new Alberta Gaming and Liquor Commission building located on Boudreau Road and Veness Road in Campbell Business Park is under construction. The 546,000-square-foot space will be a liquor distribution centre with some office space. A total of 473,000 square feet will be used as a warehouse. The $91.5 million project is around 66 per cent complete and will be finished by 2018.

The Anthony Henday Business Park, managed by QuadReal Property Group, is ready to start developing. The area covers 125 acres and is an extension of the Riel Business Park, adjacent to Bellevue Village. It is in its first phase of construction, which is focused on industrial development.

Amacon is developing 9.6 acres of commercial and residential units, called Grandin Park Plaza and Grandin Parc Village. The first of two complexes, called Grandin Parc residences, has been completed – 91 units with about 30 filled. Once the area is developed, there will be eight buildings making up Amacon’s downtown urban village.

The twinning of Ray Gibbon Drive, which currently has about 20,000 vehicles pass through every day is also underway. Once twinned, Ray Gibbon will have four lanes and above-grade interchanges and will serve as a Highway 2 bypass for St. Albert. The entire eight-kilometre project is expected to reach completion in the next 10 to 15 years at a cost of around $330 million.

Project 9, a giant sewer line, estimated to cost $40 million, will service new developments in west and southwest St. Albert. The city project, which is well underway, is expected to be complete by the summer of 2018.


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