A new 10-hectare commercial development is in the works for the Regent Avenue area.
Shindico Realty is bringing a plan to property and development committee this morning for a 10-hectare parcel of land on the north side of Reenders Drive, at the rear of Kildonan Place.
Shindico's Justin Zarnowski said the company plans to develop "an open-air shopping centre," with 20 to 30 tenants.
The site is located along the north side of Reenders Drive, between Stapon Road and Peguis Street.
The project would be comparable to another Shindico commercial development on the west side of St. James Street, Zarnowski said, with building sizes ranging from 20,000 to 40,000 square feet.
Zarnowski said the adjacent vacant areas are slated for residential development and the time is right to develop the Reenders property.
Zarnowski said the project will only go ahead when Reenders is extended to Peguis Street, adding he hopes it could happen in 2014, but it may be later.
An administrative report said Shindico attempted to commercially develop the site in 1998 but met stiff opposition from local residents and abandoned its plans.