Town sells public commercial land in thriving business corridor
The Town of Stony Plain has sold some of its public commercial land in a high-profile, high-traffic location within the community.
Council approved the sale of the land, which sits adjacent to Hwy. 16A, at the regular Council meeting on April 22, 2013. Darion Developments, Ltd. – a local developer, purchased the site for $830,700. The 2.13-acre property is located south of the highway and east of the 28 St./43 Ave. expansion, in the thriving South Business District of Stony Plain.
"It is very good news for residents and businesses of Stony Plain that this site has been sold and will be developed,” says William Choy, mayor of Stony Plain. “The additional businesses, jobs and commercial development that will result will benefit the whole community and will contribute to our local economy. Development in this part of town sits well alongside the Town’s own plans to expand commercial development in Stony Plain.”
The purchaser will also be required to pay off-site levies to the Town to develop the land.
In 2012, the Town began a major infrastructure project, extending 28 St. north to Hwy 16A, by constructing right-in/right-out access to this provincial highway that runs through town. The project also involved expanding 43 Ave. west, linking it with 28 St. Work on this $2.3-million venture had to be suspended due to early ground freeze; however, the project will be finished in 2013.
These improvements will provide an alternate route for traffic circulation in and out of the South Business Park, reduce congestion at the South Park Dr./43 Ave. intersection and enhance efforts to market additional prime commercial land on either side of 28 St.