Alrifai plans 500 modular homes on Gateway Mall roof in Prince Albert
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
Alrifai acquired Gateway Mall in Prince Albert and announced plans to construct 500 modular homes on the mall's rooftop, replacing a parking lot. The one-bedroom units, which are designed for students and young professionals, are expected to be ready in 2027. The company plans to spend $40 million on the housing and an additional $10 million on the mall's interior repairs.
Why it matters
The project aims to address housing shortages and revitalize the downtown area of Prince Albert. The construction of the modular homes represents a significant private investment in the city's real estate and housing supply.
Who's involved
- AlrifaiDeveloper that purchased Gateway Mall and plans the housing construction
- Prince AlbertCity where Alrifai purchased the mall and plans the housing project
- First Nations University of CanadaUniversity that Alrifai plans to provide parking accommodation services for
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Prince AlbertSpeculative
The city of Prince Albert could see increased municipal revenue and housing supply from the private investment.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- The housing development plan could likely increase the workload of Michael Nelson's officeThe housing development plan could likely increase the workload of Michael Nelson's office.Likely
- How could Alrifai's housing development plans in Prince Albert affect Eleanor Olszewski?Alrifai's housing project may access regional funding via PrairiesCanPossible
- Alrifai's dense housing plan may require provincial support from SaskatchewanThe Government of Saskatchewan may need to provide incentives for Alrifai's housing project.Possible
- How could Alrifai's development in Prince Albert affect Jim Reiter's financial planning?Alrifai's Prince Albert development may influence provincial financial planningPossible
How it developed
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The entities involved
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Alrifai
Lebanese nut retailing chain
Nothing else this week.
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Prince Albert
city in Saskatchewan, Canada
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Saskatchewan
province of Canada