September 13, 2017
The City of Edmonton has signed a non-binding Memorandum of Understanding (MOU) with Regency Developments, owner of the lands at 8310 - 93 Avenue and 8311 - 93 Avenue.
The MOU allows Regency to proceed with construction of underground infrastructure at this location. Given the current construction of the Valley Line LRT along the 83 Street / 85 Street corridor, this will allow Regency to install necessary utilities in coordination with the LRT, minimizing disruption to neighbourhood residents and both projects.
The MOU does not extend beyond the construction of infrastructure. Utilities infrastructure improvements are required for any redevelopment at this site, and are not specific to a particular development proposal.
Regency Developments has proposed to redevelop this land into a mixed use, high density, transit oriented development that contains a mixture of middle and high-rise housing. City Council has deferred the public hearing and subsequent decisions on this proposed Holyrood Gardens redevelopment project until the new Council convenes in November of this year.
The Valley Line is scheduled to open in December 2020.