The Summary
As a developer, the biggest challenge that presents itself is finding the best possible real estate investment, one that appreciates in value, within a reasonable time frame and with minimal risk. The project in the Horse Hills industrial area has excellent fundamentals and combined with plans the city and the province have for the region, it is having a catalyst effect on NPI’s 526 acres. This property is in a prime location with one mile of road frontage on Highway 28A to Fort McMurray and one mile of road frontage on Highway 37 to Fort Saskatchewan. It is the first piece you come to within the city limits when travelling from the upgraders and refineries in the heartland. All services are either already in place on the property or located less than a kilometer away.
This region promises to be a very active area for growth and development over the next twenty five plus years.
Northern Premier Investments is completing the requested studies and reports required prior to meeting with Edmonton’s City Council to have this parcel of 526 agricultural acres of land re-zoned to industrial land. The application for rezoning was submitted in December of 2010. The most recent update from the city estimates NPI’s application will be presented to council for approval in the summer or early fall of 2012.
Once the land is re-zoned it is the intent of Northern Premier Investments to:
1. Sell the land to a developer/investor, or
2. Joint venture with developer/investor to develop the full potential of the property over time, or
3. Sell a portion of the land and potentially partner with a developer to develop the property and hold on to the remaining acreage to develop later or hold it and sell over time
For further information please contact Northern Premier Investments.
