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

NDP won’t stop until Trans Mountain is built, says minister

Deron Bilous speaks at Red Deer chamber luncheon

Red Deer officials will allow Calgary to trial alcohol in parks

The result could determine if local rules are relaxed

$25-a-day child care in high demand in Red Deer

Red Deer Child Care Society hopes program will expand

Red Deer city council could provide more clarity around closed-door meetings, says review

Confidential matters were found to be handled appropriately by city

Special lift improves Lacombe patients’ therapy

A new mobility lift is helping physical therapy patients at Lacombe Hospital… Continue reading

Trudeau says politicians shouldn’t prey on Canadians’ fears

The Prime Minister was speaking at a townhall in Ontario

WestJet plane heading to Victoria slides off Edmonton runway, no injuries

EDMONTON — A WestJet plane has slid off an icy taxiway at… Continue reading

Sam Bennett scores twice, Flames beat Red Wings 6-4

Flames 6, Red Wings 4 CALGARY — Sam Bennett scored twice including… Continue reading

Rare ‘super blood wolf moon’ takes to the skies this Sunday

Celestial event happens only three times this century

Fashion Fridays: Inspirational gym outfits

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Company issues lifetime ban after man jumps from cruise ship

Nick Naydev posted the video last week showing him standing on the balcony of the Symphony of the Seas

Unruly passenger forces B.C.-bound flight to divert to Calgary

Police say charges are pending against a woman in her 40s

Inflation rises as higher airfares, veggie prices offset cheaper gas

Statistics Canada says inflation accelerated to two per cent in December

Canadian tattoo artist inks Toronto skyline on Blue Jays pitcher Stroman

Marcus Stroman found a way to show his appreciation for Toronto when… Continue reading

Most Read