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.

Just Posted

Blackfalds firefighter battling cancer

A volunteer firefighter in Blackfalds for 15 years, Dave Sutherland now battling… Continue reading

Red Deer transit users are concerned about the future

But recreation centre users are glad facility hours were maintained

Community cardiac awareness dinner and show to be held

Continued focus to bring cardiac catheterization lab to Red Deer

Red Deer businesses react to 2.02 per cent tax increase for 2018

Chamber would prefer zero increase, while DBA thinks it’s reasonable

Bring on the rodeo says Red Deer County mayor

Canadian Finals Rodeo’s move to Red Deer good for whole region, says Red Deer County Mayor Jim Wood

WATCH news on the go: Replay Red Deer Jan. 21

Watch news highlights from Red Deer and Central Alberta

RDC chosen to host 2019 men’s volleyball national championship

Sports enthusiasts in Red Deer will have more to look forward to… Continue reading

Police is still looking for Second World War army passport owner

No one has claimed a rare Second World War German army passport… Continue reading

DJ Sabatoge and TR3 Band kick off Sylvan Lake’s Winterfest 2018

Central Alberta’s youngest DJ will open for TR3 Band kicking off Town… Continue reading

Two Canadians, two Americans abducted in Nigeria are freed

Kidnapping for ransom is common in Nigeria, especially on the Kaduna to Abuja highway

WATCH news on the go: Replay Red Deer Jan. 21

Watch news highlights from Red Deer and Central Alberta

Liberals quietly tap experts to write new paternity leave rules

Ideas include creating an entirely new leave benefit similar to one that exists in Quebec

Insurers say Canadian weather getting hotter, wetter and weirder

Average number of days with heavy rain or snow across Canada has been outside norm since spring 2013

Are you ready for some wrestling? WWE’s ‘Raw’ marks 25 years

WWE flagship show is set to mark its 25th anniversary on Monday

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