“Edmonton’s Downtown is in renaissance, spearheaded by over $5.5 billion in new development in the core. The Quarters represents the next phase of that redevelopment and now is the time to get in,” Brad Ferguson, President and CEO of the Edmonton Economic Development Corporation
, said the same week Calgary-based Cidex Signature Homes purchased a 0.84-acre high-rise residential development site in The Quarters.
The 100-acre Quarters site extends east from 97 Street to 92 Street, and from 103A Avenue south bordering the river valley. On the doorstep to downtown, it is home to Edmonton’s most vulnerable population and largest stock of heritage buildings. The City of Edmonton is financing over $100 million in capital investments to spur on development and promote change as its core population grows.
The revitalization of Edmonton’s Quarters draws many parallels with that of Vancouver’s vibrant Gastown neighbourhood: unique architecture, proximity to downtown and socioeconomic challenges. “There is no question in my mind that The Quarters is a corollary of Gastown,” said Terry Willox, Founder of Gastown Publishing Co. and one of the contributors to the initial Quarters plan.
The City hopes to bring economic balance to the area. Will its investment be enough of a catalyst to attract redevelopment?
> Download the full Gastown in Oil City Report
> City of Edmonton Planning Documents
(Copyright Colliers International, Photo by Ryan Northcott)