Which major transformative project planned for Edmonton is most likely to succeed? The downtown arena district is the early leader.
Bonnie Doon mall is owned by Morguard Investments, a Canadian firm that owns or manages $18 billion in real estate. It’s managed Bonnie Doon mall since 1994, with the owner being Morguard’s partner, Canadian Pension Funds.
Major pension funds are now looking at Transit Oriented Development (TOD) as a solid investment, says Margaret Knowles, senior vice-president of Morguard, who was in Edmonton recently for the unveiling of the new LRT cars that will run from downtown to Mill Woods, with a stop at the mall.
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http://edmontonjournal.com/business/comm...s-plans-would-transform-bonnie-doon-mall