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The new neighbourhood will feature thousands of homes, office and retail space, a hotel, and nearly 4,000 mostly underground parking stalls, all anchored by an LRT station, a large park, and a community building.

Designed as a vibrant hub for residents, shops, and restaurants, the project is expected to support the regeneration of nearby communities.

No construction timeline has been released. OEG says it will share updates as project milestones are reached.

You can find the full details of the agreement on the City of Edmonton’s website.