Yesterday, Senior Vice President of Qualico Properties, Mike Saunders, announced the next significant stage of the Station Lands development. At full build-out, this development will invest $1.2 billion into the downtown core and provide housing, business opportunities, and community amenities.
Station Lands is downtown Edmonton’s first master-planned community, and its next phase will provide over 600 residential units, as well as commercial spaces and family-friendly public spaces. Qualico has thoughtfully designed this community to be a transformational space in the heart of Edmonton.
“We’re excited to celebrate this enormous investment in our city! This signals Edmonton’s economic recovery is accelerating and our city is growing in new ways. We welcome and appreciate Qualico’s vision for building in Edmonton and the role City Administration has played in ensuring this investment came to fruition.” Jeffrey Sundquist, President and CEO, Edmonton Chamber of Commcerce.
Station Lands aims to connect vital parts of downtown as a transit-orientated development and will create a space for people to come together and celebrate their community, local businesses, and the arts. This project will be instrumental in shaping a positive future for downtown.
“The civic precinct and the arts and culture district are our neighbours to the south, and our historical Chinatown is our neighbour to the north,” stated Mike Saunders. “We are committed to ensuring this project enhances, enlivens, and buoys the success of our neighbours by bringing new residents, new businesses, and renewed vibrancy to our downtown.”
The Edmonton Chamber of Commerce advocated in support of the project and the additional community amenities that are funded from the Community Revitalization Levy. The Chamber maintains the distinction of being one of the longest-running and most influential business organizations in Canada and has contributed to the prosperity of Edmonton and the Region for over 130 years. The Chamber’s 1,700 plus member companies collectively employ over 100,000 people in the Edmonton Region.
Its three tenets are to Advocate, Educate, and Connect. Visit edmontonchamber.com for Chamber news, advocacy, and events.