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Construction of the long-stalled Century Park development could resume next year under a new plan that would see the site become one of Edmonton’s largest transit-oriented housing projects.

Buyers lined up overnight a decade ago for a chance to buy the first condos on the site northeast of 23 Avenue and 111 Street, but two years later the real estate market crashed and only about 400 of a scheduled 2,900 units were built.

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Part of the 17-hectare property was leased to the city for LRT parking while developer Procura came up with a new vision for the land.

Now the company is proposing to create 4,500 rental homes in more than a dozen townhouses and multi-family buildings ranging from four to as high as 24 storeys.

The completed development would feature an east-west main street lined with shops and offices that would have wide sidewalks and a landscaped 10-metre-wide median for such community activities as a farmers’ market.