Frame Lake Area Market Study
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Description & Project Overview
The City of Yellowknife (the City) is seeking proposals from qualified companies or individuals to prepare a Market Study (the Study) to inform preparation of the Frame Lake Area Development Plan (the Plan). The purpose of the Study is to assess the potential market demand and economic, social and environmental impacts of developing the Plan Area at varying scales of residential, commercial, and mixed-use development. Due to the limited availability of developable land within municipal boundaries, the City is acquiring additional lands from the territorial government to accommodate future growth. The City has formalized an agreement with the Government of Northwest Territories (GNWT) to transfer ownership of the lands within the Plan Area from Commissioner’s Land to City-owned land. A new Area Development Plan (ADP) is being created to facilitate the future development of these lands into a new residential-commercial mixed-use neighbourhood.