Westcorp's current development projects include:

• Holyrood Boulevard
• Heritage Station
• Kelowna Downtown
• Hiawatha RV & Trailer Park

Holyrood Gardens & Holyrood Boulevard

Description

Holyrood Gardens and Holyrood Boulevard are located on 85th Street between 90th and 95th Avenue, in south-central Edmonton.

Holyrood Gardens consistently maintains a low vacancy rate, strong income stream and represents an excellent redevelopment opportunity. Previously, the property consisted of 186 older townhouse units on over 12 acres of land. 26 town homes were demised to make way for the first phase of redevelopment.

Redevelopment

Westcorp manages this property and intends to redevelop this prime site with a mix of apartments, town homes, seniors housing, and retail.

Holyrood Boulevard is the first phase of redevelopment of the existing Holyrood Gardens. Holyrood Boulevard consists of 2 fully leased buildings totaling 96 residential units.

The balance of Holyrood Gardens will be re-developed into subsequent phases of Holyrood Boulevard which is currently envisioned as:

• Convenience and service oriented retail up to 55,000SF;
• 700+ residential units including a possible congregate care facility;
• Generous amounts of public green space and Walking paths throughout.
• Currently the property consists of:
  • 160 original town homes.
  • 2 new buildings consisting of 96 residential units.

Strengths

• Central location near schools, shopping, and downtown Edmonton;
• Mature working class community;
• Large green spaces; and
• Large site representing a prime urban infill development opportunity.