Redevelopment plans for the Eau Claire Market include 5 towers, 1,000 residential units, 800,000 square feet of office space, and 550,000 square feet for retail.
The ambitious plans by Regina-based Harvard Devlopments Inc. would change the market into a more vibrant mixed-use area.
Its objective would be to start construction in the fall of 2014 and the entire phased project would take 7 to 10 years.
Rosanne Hill Blaisdell, managing director of Harvard Buildings Inc. and vice-president of leasing for Harvard Developments Inc., said the developer has been working with the city and different community groups over the last year to come forward with a design. It is gearing up for a land-use application to be submitted before the end of this year or early in 2014 with a development permit following soon after.
The current structure of Eau Claire Market will not come down until the project moves into its third phase in a few years and another structure will be built there to fit retail use.