St. John’s, NL – Today, Danny Williams unveiled Galway as the new name of his 2,400 acre planned community – St. John’s newest comprehensive land development with industrial, retail and residential components. The name Galway is rooted in a rich family legacy as the maiden name of Williams’ mother, Teresita (nee. Galway) Williams. Mrs. Williams and other members of the Galway family were on hand for the announcement.
“The foundation of our province’s rich cultural heritage is the diversity of our roots from Ireland to Wales, Scotland, England and beyond; and my family in particular is incredibly proud of our Irish ancestry,” said Mr. Williams. “I wanted to give this development a name that would be meaningful to my family, and also one that had strong appeal and marketability. The goal is to make Galway the preferred place to live, work and play for generations to come. We are not simply putting up homes, stores and buildings; we are creating a sense of place and community.”
Galway will be developed in several phases with Phase I alone providing a tremendous boost to the region, creating substantial jobs and economic benefits. Phase I will see development of approximately 150 acres of industrial, 120 acres of retail and up to 100 acres of residential land. Industrial use lots are available for sale now; retails stores are scheduled to open in 2016; and residential lots go on sale in 2015. To date one tender valued at approximately $5 million has been issued resulting in the clearing and grubbing of 60 acres of land. By March, another 8 tenders will be let for additional work.
Phase I will feature the Glencrest Industrial Centre, located directly off the Trans Canada Highway. Sales are progressing well to date, and serviced lots will be ready for use later this year.
Phase I will also consist of a premier retail shopping centre featuring more than 650,000 square feet from leading North American retailers with plans to include some unique retailers to the province. Work is well underway and, in conjunction with a retail partner, initial land sales and leasing will commence in the coming months.
The residential component of Galway has the potential for some 5,000 units. Limited numbers of units will be released during each phase, with development designed to be built and sold in accordance with market demand and preferences. There will be a broad mixed-use range of residential property including apartment buildings, town homes, condominiums, semi-detached, detached and executive homes. Williams outlined his vision for a planned community unlike any other previously developed in the province.
“For our team this is about creating something special and leaving behind a legacy that everyone can be proud of – builders, home owners and business people alike. We envisage neighbourhoods with large open, green spaces; connecting trails for walking, running and biking; a “town square” concept with conveniences like coffee shops, a sports complex and perhaps even a local pub,” said Williams. “Our plan is to offer all of these amenities with the added bonus of a large shopping area all within a very short distance. We are aiming to bring some new concepts to the marketplace here, building a community where everything you need will be conveniently located within your neighbourhood.”
Galway is the primary development of DewCor. For more information visit galwaynl.ca.
Elizabeth Matthews, [email protected] or 709.749.1399