Residential Building Opportunities

Michener Park Development

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Site Overview

Michener Park is an exciting new residential community, nestled in the heart of Edmonton and surrounded by established, tree-lined neighbourhoods. From day one, residents can move in and enjoy an abundance of amenities including the trails of Whitemud Creek, Snow Valley, the University of Alberta and everyday essentials just steps from their front door.

Michener Park has been designed around several key features, including a large community park, a neighbourhood-scale commercial centre and a variety of housing types.

These incredible amenities include:

     

    Investment Highlights

    122 Street & 48 Avenue, Edmonton

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    Stage 1A:

    Medium Scale Residential (RM h23) – replaced RA8
    Medium Scale Residential (RM h16) – replaced RA7

    All Stage 1A parcels are sold.

    Now Available – Stage 1B:

    Medium Scale Residential  (RM h16)

    3 Parcels available

    Construction of Stage 1B in 2024

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    Permitted Uses: Townhomes, Stacked Townhomes, Four and Six Storey Multifamily Apartments and Condos

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    Additional Details: Commercial development will be built out simultaneously with residential and community park

    Stage 1B Overview

    3 Parcels
    1.54, 2.07 & 2.55

    Acres

    RM h16 

    Zoning

    $1.595M 

    Asking Price Per Acre

    Purchase Guidelines

    The leasehold term for the parcels is 99 years and the lots are available individually or in a combined fashion. Architectural controls are in place along with a Master Plan Design Guideline for the community.

    UAPT welcomes offers and should you be interested in this opportunity, please submit a Letter of Intent (LOI) by April 7, 2024, and UAPT will begin review of any submissions on April 8, 2024. After which, any offers will be considered on a first-come, first-serve basis. In addition to the LOI, please provide a brief overview of the company outlining its experience, market presence, and potential built form.

    A confidentiality agreement is available in order to access additional information such as the offer to lease, form of lease, and technical reports. All lease agreements require the sign-off of the UAPT Board of Directors.

    For further information:

    Jill Curtis

    [email protected]