The site of the former Travelaire Canada recreational vehicle manufacturer in north Red Deer

Former Travelaire site sold

The site of a proposed commercial centre in northwest Red Deer has changed hands.

The site of a proposed commercial centre in northwest Red Deer has changed hands.

Edmonton-based Canadian Urban Ltd. has transferred the 10.68-acre parcel at 6712 and 6714 Golden West Ave., where recreational vehicle manufacturer Travelaire Canada once operated, to Albari Holdings Ltd. and 1835901 Alberta Ltd. The transfer documents indicate that the sale price was $1,785,085.

An official with Alberta Investment Management Corp. (AIMCo.) confirmed with the Advocate that AIMCo. has invested in the property, and is working with private developer Hopewell Development.

AIMCo. is a provincial Crown corporation responsible for the investments of pension, endowment and government funds in Alberta, including the Alberta Heritage Savings Trust Fund. It manages more than $75 billion in assets.

Hopewell, which is based in Calgary, is one of Canada’s largest commercial developers. It’s active across Western Canada, and in Ontario.

Canadian Urban bought the land in 2007 from Travelaire’s parent company, Glendale International Corp. The property was leased back for Travelaire’s use, until Glendale filed for bankruptcy in January 2010 and Travelaire ceased operations.

In April 2013, Canadian Urban obtained development approval from the city for eight commercial buildings on the property, with these to cover a total of 32,500 square feet. A spokesperson for the company said at the time that an anchor tenant would be sought for the largest of the proposed buildings, and the others would be used by businesses like fast-food restaurants and other shops.

Despite plans to commence construction last year, no work has been done. This April, the city renewed the development permit for a year.

hrichards@bprda.wpengine.com

Just Posted

PHOTOS: Aaron Goodvin sings at Westerner Days

Aaron Goodvin performed at Westerner Days Wednesday.… Continue reading

Severe thunderstorm watch in effect for Central Alberta

There’s a severe thunderstorm watch in effect for Red Deer and the… Continue reading

WATCH: Sun shines on Red Deer’s Westerner Days parade

George Young has been a Westerner Days parade marshal for about 28… Continue reading

Central Alberta receives funding for regional emergency training

Alberta Municipal Affairs announces $160,000 for training on top of $40,000 previously received

WATCH: Global FMX at Westerner Days

There are three freestyle motocross shows a day at Westerner Park this week

Study links air pollution to drop in national park visitors

DENVER — Visitors appear to be steering clear of some U.S. national… Continue reading

Banff’s bathroom bears returned to the park after 15 months of rehab in Ontari

Three cubs found abandoned in a washroom along the Trans-Canada Highway in… Continue reading

Canada could get caught in cross-fire of U.S. uranium investigation

Canada could get caught in the crossfire after the U.S. Department of… Continue reading

Trudeau shuffles familiar faces, adds new ones to expanded cabinet

OTTAWA — Prime Minister Justin Trudeau has unveiled his pre-election cabinet, shuffling… Continue reading

Canada’s premiers meet Indigenous groups, although three major groups decline

BOUCTOUCHE, N.B. — Canada’s premiers are meeting with Indigenous organizations in New… Continue reading

An updated list of federal cabinet ministers following Wednesday’s shuffle

OTTAWA — An updated list of federal cabinet ministers following Wednesday’s shuffle,… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month