Commercial Lot in Parsons Phase I

New opportunities are taking root in the community of North Parsons Creek. Commercial Land Development
opportunity. Parcel 15B provides 1.13 HECTARES (2.79 ACRES) of land zoned MD (Main Street District) on the high exposure Coventry
Drive corner location results in potential for regular traffic flow as the area is built out. Frontage is approximately 1,387 feet along internal
roadway to the west and 859 feet along Coventry Drive. The site is provided full services to the property line including water, sewer,
natural gas and power and has been cleared and graded for potential development. . The MD zone allows for apartment buildings
(commercial on main), community facility, entertainment, lodging, office, parking structure, restaurant, retail, service and townhouse
(residential not permitted on first floor). Seated on a scenic plateau overlooking the Athabasca River Valley stands the community of North
Parsons Creek. Parsons Creek is located west of the Athabasca River valley and Hwy 63 and north of the existing Timberlea residential
subdivision. Parsons North is a Master Planned development designed as a multi phased integrated community that promotes a high
quality of life for residents through a pedestrian-friendly environment and a variety of transportation, housing, commercial, and future
recreational options. Parsons Creek’s design offers a walkable, vibrant, mixed-use with good connections to adjacent neighbourhoods.
Focus on sustainable principles such as mixed-use areas, extensive trail systems, pedestrian connections, and transit nodes; Parsons Creek
has been designed to encourage sustainable development and lifestyles. This trendy suburban location features an ideal combination of
residential opportunities with connected open spaces, two elementary schools, and future commercial/retail development. Signature traits
include an abundance of parks, paved trails, a skate park, a water spray park, and a future waterfront village with canal and two manmade
ponds.
The population of Parsons Creek in 2021 was 3,880 with 1,727 dwellings according to a municipal census conducted by the
R.M of Wood Buffalo. Once built out this growing neighbourhood will be home to 24,000 residents on over 815 acres of land. *Permitted
uses and servicing to be verified by purchaser with the RMWB.