Landrex, Fort McKay First Nation partner on $176M Urban Village in St. Albert – St. Albert Gazette

Project to be located on a 12.85-acre parcel of land east of St. Albert Trail and north of Coal Mine Road.

Developer Landrex and Fort McKay First Nation will be 50/50 partners for a new $176-million Urban Village in the City of St. Albert.

Located on a 12.85-acre parcel of land east of St. Albert Trail and north of Coal Mine Road owned by Landrex, the village will be one of the largest First Nation real-estate developments in the Edmonton region. Sophie Baran, executive vice-president of Landrex, said the Urban Village will be a multi-family, mixed-use development centering a one-acre park. Residential capacity is planned to include 300 long-term rental units, and an additional 100 units for assisted living.

“We’re really going to focus on pedestrian walkability,” Baran said, noting there will also be around 60,000 to 90,000 square feet of commercial space on the site.

Read More: https://www.stalberttoday.ca/local-news/landrex-fort-mckay-first-nation-partner-on-176m-urban-village-in-st-albert-5124282