Ground Breaking Ceremony for ALRE Properties

Today the Mayor and Council participated in the ground breaking ceremony for the ALRE Properties development at the former ACAN property. 

 

“The redevelopment of this property is an important milestone for the Town of Paradise and we are pleased to welcome ALRE Properties to our Town,” said Mayor Dan Bobbett. “This location is a cornerstone of the Town’s business history and today we are starting a new chapter in that history. The redevelopment renews this site as a major business area for Paradise and brings significant economic benefits to the Town and the entire region.”

 

ALRE Properties is undertaking a retail development at the site and once completed, the 25 million dollar project will include seven buildings. To date, ALRE has confirmed tenants for the retail development to be Shoppers Drug Mart, Starbucks, East Side Mario's, and Dollarama, with more to be announced. An estimated 200 full and part-time jobs are expected as a result of the development.

 

The estimated completion date for the project is December 2018, with first stores opening in the spring of 2019. This is first development in Atlantic Canada for ALRE Properties.