Latest news with #Ledcor
CTV News
29-05-2025
- Business
- CTV News
Officials break ground on south-side LRT expansion project
Officials and politicians take part in a ceremonial ground breaking on May 29, 2025, at the site of a future LRT station off Ellerslie Road on Edmonton's south side. Officials and politicians helped break ground Thursday on the construction project that started earlier this year for a southern extension of Edmonton's LRT system. The $1.38 billion, 4.5-kilometre addition to the Capital Line being managed by Ledcor started earlier this year. Workers have begun major construction work on the line that runs south/southwest from Century Park to the Desrochers and Allard neighbourhoods. Bruce Ferguson, the branch manager for the city's LRT expansion renewal, said demand for more LRT service on the south side spurred the project. 'The city does have an LRT network plan that has LRT going to all corners of the city, (and) south Edmonton is definitely the fastest growing part of the city,' said Ferguson, who is responsible for leading the team building all Edmonton LRT expansion projects. 'When funding was available, council prioritized it because this is where we see the growth. This is where we see the largest increase in planned ridership.' Capital Line LRT south expansion Edmonton's Capital Line LRT map with south expansion. (City of Edmonton) Ferguson said the city expects 15,000 people will use the line expansion daily when it opens. Ledcor subsidiary Capital Line Design-Build Ltd. and design partner AECOM hold the contract for Phase 1 of the project, which will extend the Capital Line from Century Park to north of Ellerslie Road. They are finishing detailed design plans. The second phase will continue work to take the line to Desrochers and Allard. The route will run south alongside 111 Street, cut west just south of Anthony Henday Drive then continue southward west of 127 Street and run along James Mowatt Trail to 41 Avenue SW. Major work is expected to take four to five years to complete followed by testing. Future Twin Brooks LRT station A rendering of the future Twin Brooks LRT station on Edmonton LRT's Capital Line. (City of Edmonton) Phase 1 work will include: • An underpass at 23 Avenue; • Bridges crossing Blackmud Creek and Anthony Henday Drive; • A new operations and maintenance facility south of Anthony Henday Drive; • An LRT station at Twin Brooks; • A multi-modal LRT station north of Ellerslie Road connecting to the Heritage Valley Transit Centre.
Yahoo
01-04-2025
- Business
- Yahoo
Ledcor Development Helps Bring Over 200 New Apartment Units to San Diego
SAN DIEGO, April 01, 2025--(BUSINESS WIRE)--Ledcor Development LP ("Ledcor") is excited to announce the groundbreaking of the $107 million ALARA apartment project alongside its project development partners, Qualico US ("Qualico") and Tokyu Land US Corporation ("Tokyu Land"), and construction lender Comerica Bank ("Comerica"). This marks the official start for the 8-story, 213-unit residential project located at the southwest corner of C Street and 30th Street in the Golden Hill neighborhood of San Diego. "We're thrilled to be breaking ground on this transformative project alongside our project partners," said John Santry, Senior Vice President at Ledcor. "ALARA will deliver modern, high-quality homes to Golden Hill, addressing a critical need in a community eager for new housing." "We are pleased to provide financing capital for this Golden Hill project with our partners, Ledcor and Qualico, and see this project come to life," said Yoshimi Tadashi, President at Tokyu Land US Corporation. "We hope this is the first of many future investments with our new partners." The residential property was designed and permitted under the City of San Diego's Complete Communities ordinance. Construction is expected to take two years with delivery of rental units in the first quarter of 2027. About Ledcor Development LP Ledcor Development LP creates unique environments inspired by passion, creativity, and a commitment to quality. Focused on the development of distinctive apartment, condominium, mixed-use, and resort projects, Ledcor is strongly rooted in our communities. About Tokyu Land US Corporation Tokyu Land US Corporation ("TLUS"), with offices in Los Angeles and New York, is a fully owned subsidiary of Tokyu Fudosan Holdings Corporation (TSE:3289, Nikkei 225 component), which has over $20 billion of assets under management. With discretionary capital available from its balance sheet and a flexible investment mandate, TLUS is capable of pursuing opportunities across capital structure and risk spectrum in multifamily and industrial sectors in most major markets in the US, with a focus on fundamental value creation. View source version on Contacts Media contact: John SantrySenior Vice President, US MainlandLedcor Development LPp 949-507-6886media@ Sign in to access your portfolio
