[Daveography]

We have built a vehicle for local investment in Edmonton. The McCauley Development Cooperative provides the means for individuals and companies to pool their money to invest in an exciting opportunity – The Piazza. The Piazza will be a cornerstone of Little Italy, a downtown destination for all Edmontonians looking for a bustling hub of curated retail offering old-world charm with a contemporary urban vibe.

Built in 1989, The Piazza is a single-storey 10,093 square foot free-standing retail mall on a 20,156 square foot lot on the corner of 95th Street and 108A Avenue in the heart of Little Italy. The Piazza is currently 100% leased, with 6 tenants. The Piazza is directly across from Giovanni Caboto Paik, across the street from Zocalo and kiddy corner from Sorrentino’s and the Italian Centre Shop.

The McCauley Development Cooperative is pleased to announce that we are keenly looking for community-minded investors interested in renewing this pivotal corner in an historic, vibrant part of north downtown Edmonton. Range of investments will vary, but the overall opportunity is $1,000,000 (about 34% of the property value).

As the investment vehicle is authorized under the Income Tax Act, investment can be made by way of cash and/or by transferring RRSP or TFSA funds into a self-directed RRSP or self-directed TFSA.

The ultimate property owners of The Piazza will be the member/owners of the McCauley Development Cooperative.

McCauley Development Co-Op - Edmonton Community Development Company

edmontoncdc.org

 

[archited]

Mama Mia -- 'at's a some good spaghetti

 

[_urbanite]

Very interesting. I've always liked that little retail plaza, just wish my pockets were a bit deeper

 

[Daveography]

90+ McCauley residents pull off investment miracle - Edmonton Community Development Company

Community development is in its prime when a community identifies an aspiration, organizes a collaborative plan, and invests local talent, time, and money in the cause. Ideally, the community will own and control what it has created; community development practitioners know, however, that...

edmontoncdc.org

 

[Daveography]

La Piazza seeks local, family-friendly mall tenants - Edmonton Community Development Company

The Edmonton CDC is happy to play an ongoing role in the purchase and redevelopment of the Piazza strip mall by the McCauley Development Co-op. As you may have heard, the MDC formed in late 2019 and raised $1.1 million of community investments to purchase the Piazza in only 20 days. Today, the...

edmontoncdc.org

 

[archited]

Nice little development suitable for an Italian Restaurant, an Italian Deli, an Italian Wine Store and a Gelato/Bakery build-out

 

[ChazYEG]

I would just love if, instead of the parking lot, it was an actual "piazza", same as we all would love to see in the Manchester Square

 

[Daveography]

@ChazYEG My thoughts as well.

 

[Daveography]

https://www.facebook.com/permalink.php?story_fbid=3714298058646386&id=832669260142628

 

[IanO]

Putting their money where their amazing ideas and sense of community is.

 

[ChazYEG]

https://www.facebook.com/permalink.php?story_fbid=3714298058646386&id=832669260142628

Maybe they've been reading this thread?
This looks amazing!!!!

 

[Platinum107]

Mama Mia! E'somebody been rrreading dis thread!

What a great gathering space for the community!

 

[Edmcowboy11]

That would be great. I think that would be a great gathering area for people.

 

[JayYEG]

This is amazing!! From what I can see, no parking lot! Just a beautiful gathering spot for the people of this area. I must say, I'm quite impressed with how the community pulled together on this. This is exactly the type of development that will help spark the revival of McCauley and the type of development people are craving to live by.

 

[RH van der Rohe]

I know it sounds silly but a large artificial turf area with a sidewalk around it and some benches to sit are magnets for families. Families can get a patio table and when kids are done eating they can go and run around and maybe throw or kick a ball around while their parents run up their drinks bill. Everyone wins.