Edmonton- University of Alberta

[Coldrsx]

University of Alberta Properties Trust
20m
UAPT is excited to officially announce that Abbey Lane Homes will be developing two multi-family parcels (Parcels B and F) in Stage 1A of Michener Park.

Abbey Lane Homes is a condominium and purpose-built residence development company with a long and successful history of building great communities.

UAPT is proud to partner with Abbey Lane Homes to bring the Michener Park redevelopment to life. Stay tuned for further updates as Abbey Lane Homes refines its development plans for their first parcel.

(looks familiar)

[Coldrsx]

This looks promising for the West 240. Decent density, transition and opportunity for mixed-use.

[EdmTrekker]

Is the 240 sold to a Developer and will these houses have land titles to the house owner or UofA?

[Coldrsx]

Unsure, but typically universities do a trust model with 99yr leases, but that is a lot to bite off in this case and so I could see these acres being sold and privately developed with individual titles and outright ownership.

[s211]

Originally Posted by Coldrsx

This looks promising for the West 240. Decent density, transition and opportunity for mixed-use.

Is that the UofA farm site? Man, if it is, that thing should have been shut down and densified 20-30 years ago.

Glad to see something will be done with it.

[EdmTrekker]

Originally Posted by Coldrsx

Unsure, but typically universities do a trust model with 99yr leases, but that is a lot to bite off in this case and so I could see these acres being sold and privately developed with individual titles and outright ownership.

Which leads me to role the City Planning should have if the UofA is not going to hold ownership of the land. The UofA should not be exempted from City planning and development processes if the purpose of the project is unrelated to actual higher education - teaching, research etc.

[Coldrsx]

[Airboy]

First Nations House Construction is beginning