Construction is underway on a new $176-million Urban Village in the City of St. Albert, and will be one of the largest First Nation real-estate developments in the region.
It is owned 50-50 between Fort McKay First Nation and Landrex, a real estate development company.
East Village is a 13-acre mixed-use lifestyle development located in the growing neighborhood of St. Albert’s Erin Ridge North. It will include 180 residential units as well as 90,000 square feet of built-to-suit commercial space. It will include a one-acre amenity park and is located near restaurants and stores.
It is expected to take five years to complete.
Fort McKay Chief Mel Grandjamb said the First Nation is proud to collaborate for the second time with Landrex, and to continue diversifying their business portfolio.
“We have put an emphasis on the Nation’s long-term economic sustainability plan,” Grandjamb said in the release. “The Urban Village in St. Albert will be another huge accomplishment for the Nation.”
Phases of the build includes an additional residential building, and commercial development.
Photos: Fort McKay First Nation
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