Green Spaces (Real Estate)
Our goal is to create viable communities in which Canadians and their families can live, work and play. Across our real estate developments, we’ve incorporated vast open and green spaces for recreational use and personal enjoyment.
Wateridge Village/Village des Riverains (ottawa, ontario)
The 310-acre/125-hectare site, built on the former Canadian Forces Base Rockcliffe, presents a once-in-a-life-time opportunity to discuss and address issues of urban reintegration, quality of life and factors important in designing the place where you live, work, learn and play. When complete, the village will include approximately 10 parks, and more than 25 per cent of the community will be devoted to green space. The plan was enthusiastically endorsed by the community and approved by Ottawa City Council, and construction work is well underway to bring our vision for Wateridge Village/Village des Riverains to life.
CN Railyard (Moncton, New Brunswick)
When we acquired the former CN Railyard property in Moncton, New Brunswick, it was heavily contaminated due to previous uses. However, after considerable consultation with the community and the municipality, we were able to successfully redevelop the site (285 acres/115 hectares), and in 2003, it received the U.S. Environmental Protection Agency’s Phoenix Award.
The redevelopment included:
• Recycling of 4,000 tonnes of scrap metal
• Removal and remediation of 120,000 tonnes of lead-contaminated soil
• Reuse of 120,000 tonnes of concrete for construction of roadways and playing fields
Today, the former railyard is home to three separate developments: a 110-acre/45-hectare Emmerson Business Park, one of New Brunswick’s premier destinations for business, a major recreational complex and Franklin Crossing, a vibrant residential development.