Be a Part Of The Downtown Fort McMurray Skyline!
With Fort McMurray’s vast reserves of heavy oil and oil markets leveling at sustainable levels - Fort McMurray has become a hotbed of economic activity. Recent land sale transactions have heightened awareness of the area once again, with institutional and international investment and development accelerating in the area.
Lucid’s newest project is located in the heart of Fort McMurray with exposure directly on to highway 63. The site is incredibly well located for redevelopment being adjacent to a major intersection, and walking distance from a number of restaurants and amenities. Recent changes in zoning allows for increased density - allowing for approximately 70,000 buildable feet. The site currently houses a concrete block motel which Lucid intends to renovate, rebrand, and re-open as a short-medium term furnished accommodation building. It only takes one stop on your favorite hotel website to see the astronomical room rates in the Fort McMurray area and how this allows for an incredibly promising interim debt servicing model.
