Red Deer’s municipal planning commission has extended its subdivision approval for the former Travelaire Canada site at 6712 and 6714 Golden West Ave.
A plan of subdivision for the 10.68-acre parcel north of 67th Street, creating three commercial lots, was approved conditionally in November 2011. That approval has since been extended twice.
The commission was told on Wednesday that there are still items to finalize in a development agreement and development permit for the property. It voted to extend the subdivision approval until Nov. 30, 2015.
Canadian Urban Ltd. bought the property from RV manufacturer Travelaire’s parent company Glendale International Corp. in 2007. The property was leased back to Travelaire until it ceased operations after Glendale filed for bankruptcy in January 2010.
Canadian Urban had planned to develop eight commercial buildings on the site, but in July of this year sold the land to Albari Holdings Ltd. and 1835901 Alberta Ltd. An official with Crown corporation Alberta Investment Management Corp. (AIMCo.) confirmed at that time that AIMCo. had invested in the property and was working with private developer Hopewell Development.
Calgary-based Hopewell is one of Canada’s largest commercial developers.