Olds housing moves ahead ‘very slowly’

The developer behind a potential 300-unit residential complex above ground-floor shops in Olds is not rushing ahead with the project.

The developer behind a potential 300-unit residential complex above ground-floor shops in Olds is not rushing ahead with the project.

Calgary’s Carl Oram said he will continue working on the development, but a sluggish economy means it will likely be several years before the conditions are right to start constructing apartments.

Olds council cleared the way for the project on the west side of town earlier this month when it approved zoning changes to create a mixed-use district in the 46th Street and Hwy 27 area.

Oram said the project is still in the early stages.

A master plan must be created for the area and architectural drawings prepared of the proposed complex.

“It’s a big project. It’s something we would take very slowly.”

He’s looking at next spring as a rough target for putting in roads and services. Oram and another landowner have 17 acres to develop.

While the idea of combining retail with living spaces above is new to Olds, it is common in other jurisdictions.

Calgary’s Garrison Woods development is an example of the type of development being considered.

Apartments could range from 550-square-foot studio units, an idea for Olds College students, to larger two-bedroom units in the 1,000-square-foot range.

Oram is confident there is a market for this kind of project in Olds and said finding retail tenants will not be a problem.

The residential units would be built in phases as the market demanded.

The project would be located near Cornerstore Shopping Centre, a commercial power centre that includes a Wal-Mart, Canadian Tire, Sobeys, Ramada Inn and a number of other large businesses.

Leaside Development Corp. is developing a residential subdivision called Cornerstone Village south and west of the commercial area.

pcowley@bprda.wpengine.com

Just Posted

Prosecutor illness delays dangerous driving trial

Red Deer man facing dangerous driving charges in connection with 2016 d0uble-fatal collision

RCMP officer fires his gun in confrontation with suspects near Maskwacis

RCMP were called to Samson First Nation with report of shots fired early on Monday morning

Scares and chills await at haunted house in Red Deer

Zed Haunted House helps raise money for Boys and Girls Club of Red Deer District

PHOTO: Renewable Energy Fair at Red Deer College

The Renewable Energy Fair and Workshops event was held at Red Deer… Continue reading

WATCH: Make-A-Wish grants Star Wars loving teen’s wish

The Make-A-Wish Foundation granted Anakin Suerink’s wish in Red Deer Saturday afternoon

Local Sports: Rudy Soffo valuable to Kings on the court

When Rudy Soffo first saw the RDC basketball Kings roster he was… Continue reading

Except for 1 kick, Saints, Ravens are evenly matched

BALTIMORE — In a matchup between the league’s highest-scoring offence and top-ranked… Continue reading

Julia Louis-Dreyfus gets a top award for comedy

WASHINGTON — After a 35-year acting career and with two iconic television… Continue reading

Ricky Skaggs, Dottie West enter Country Music Hall of Fame

NASHVILLE — Bluegrass and country star Ricky Skaggs, singer Dottie West and… Continue reading

AP Exclusive: Stephen Hawking’s wheelchair, thesis for sale

LONDON — Stephen Hawking was a cosmic visionary, a figure of inspiration… Continue reading

Canada deemed U.S. a safe country for asylum seekers after internal review

OTTAWA — Canadian immigration officials have determined that the United States remains… Continue reading

Bombardier sues Mitsubishi over alleged theft of aircraft trade secrets

MONTREAL — Bombardier is suing Mitsubishi Aircraft in the United States over… Continue reading

Three strong earthquakes reported in Pacific Ocean off Vancouver Island

Three relatively strong earthquakes were recorded Sunday night in the Pacific Ocean… Continue reading

Most Read