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A private Edmonton developer has received grant money from the city and is turning the old downtown YMCA building into affordable housing.
Edmonton councillors agreed Wednesday to put $16.7 million of the city's "affordable housing" grant money toward 276 below-market or near-market rental homes.
As Edmonton's Old Strathcona neighbourhood welcomes new businesses this year, its business association hopes the activity leads to more foot traffic and filled commercial space.
Beljan Development's project is its latest to breathe new life into a historic Edmonton structure.
A local company is pitching to build a low-rise commercial space and a mid-rise residential building next to the historically significant Canadian Pacific Railway Station in Old Strathcona.