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The City of Edmonton is offering the sale of a property in the Edmonton Research Park. The Edmonton Research Park (ERP) focuses on advanced research in medicine, biotechnology, software, research, engineering, nanotechnology, business incubation and clean energy.
The Edmonton Research Park (ERP) Advisory Group is made up of current tenant, business or property owners who will make recommendations on how to further the economic opportunities and impact of the ERP. This work is driven by direction provided by Edmonton City Council’s Executive Committee.
The ERP Advisory Group has been chosen and is now underway. Meetings will continue until the end of 2023, with an information report set to go to Council in Q2 of 2024.
Rent roll and further property details can be made available once you have signed and returned the Confidentiality and Acknowledgement Form. Please contact propertysales@edmonton.ca to request a copy of the form.
Address: 9650 - 20 Avenue NW
Land Area: 5.03 acres or 2.04 hectares (approximately)
Asking Price: $4,000,000
Status: Pending
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Once submissions are evaluated, Administration will select a Buyer(s) to recommend to the Executive Committee of City Council to purchase RC1 and ATC. If the Executive Committee of City Council approves the recommended Buyer(s), we will enter into a formal sales agreement with the Buyer(s).
*The RC outlines the development standards and design guidelines for the planning, design and maintenance of the ERP. These standards and guidelines ensure that developments in the ERP meet the objectives of the park to create a high quality and high amenity scientific research campus that’s best described as “a place to think”. The ultimate objective is an industrial park that is developed with the highest standards in mind in order to broaden the City of Edmonton’s industrial base.
The RC details the following:
All proposals will be evaluated using the criteria listed below. With the exception of the Mandatory Requirement (which your proposal must meet), all other criteria will be weighted evenly.
The preparation and submission of, and all discussions or other proceedings relating to, a submission will be conducted at the sole cost of the Applicant. The City will not be responsible for any costs incurred by an Applicant in the preparation or submission, including any costs incurred by the Applicant to attend meetings or make presentations relating to its submission, or in any participation of the Applicant in negotiations or finalization of the Sale Agreement, as applicable.
The City reserves the right, in its sole discretion, to exercise any or all of the following rights, to:
By submitting an application, the Applicant specifically agrees that it will have absolutely no claim against the City or any of its employees, advisors or representatives for anything resulting from the exercise of any or all of the rights set out in this listing.
Without limiting the generality of the foregoing, the Applicant agrees that in no event will the City, or any of its employees, agents, advisors or representatives, be liable, under any circumstances, for any claim, or to reimburse or compensate the Applicant in any manner whatsoever, including, without limitation for the costs of preparation of the submission, loss of anticipated profits, loss of opportunity or any other matter.
This listing is only intended to solicit interest and information from potential Applicants, and does not create any legally binding arrangement with the City. This listing is governed by the law applicable to direct commercial negotiations and therefore this listing will not give rise to any “Contract A” based tendering law duties or any other legal obligations arising out of any process contract or collateral contract. Neither the Applicant or the City has, or will have, the right to make a claim of any kind, whatsoever, against the other, with respect to the award of a contract, the failure to award a contract, or the failure to honour a response to this listing.
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10111 104 Avenue NW
Edmonton, AB
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