Will current Strathearn Heights tenants be given right of first refusal to buy units in the new development?
Current residents certainly will be given every opportunity to be one of the first to buy into the redeveloped community, and will be kept fully informed of all of the offerings. Please be aware, however, that the project simply isn’t yet at a point where the owner/developers have any specific plans for sale of the units. Before work even begins on the redevelopment, there are still many steps that must be completed. The redevelopment application was submitted to the City of Edmonton in January. The City now requires several months to evaluate the application and gather further public input. After the City completes these steps, the application will go to City Council for Council’s decision. Only after the above steps are complete will the owner/developers be able to plan the specific timeframes for on-site work to begin. Only after this stage has begun – many months away – will the owner/developers start to formulate specific plans for the marketing and sale of the units. Please keep
