Former Travelaire property attracting potential users

The longtime home of now-defunct Travelaire Canada has attracted interest from a number of potential users.

The longtime home of now-defunct Travelaire Canada has attracted interest from a number of potential users.

“Because it’s such a unique and prominent site, we’ve had a lot of interested parties,” said Onita Blankenfeldt, senior vice-president of business development with Canadian Urban Ltd. of Edmonton.

Canadian Urban bought the 12-acre property at 6702 Golden West Ave. in 2007, on behalf of an institutional client.

It leased the land back to Travelaire until the recreational vehicle manufacturer ceased operations in January 2010, after its parent company, Glendale International Corp., filed for bankruptcy.

This week, a demolition crew from Bettenson’s Sand and Gravel has been knocking down buildings on the site.

Blankenfeldt said Canadian Urban and its client are working with the city to determine the best use for the property.

“We’ve got a number of different scenarios on the go.”

The land is currently zoned light industrial, but this could change, she said.

Another light industrial use — like warehousing — or commercial development are possibilities, added Blankenfeldt.

Subdivision is a “definite possibility,” she said, and the property could be developed for sale and/or lease.

Canadian Urban invests on behalf of institutional clients.

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