Sponsored
Feb. 18, 2026
A message from the City of St. Albert:
On the west side of St. Albert, strategic growth is taking physical form in Lakeview Business District, a $1.5-billion vision that is shaping 600 acres into a new economic engine for the Edmonton Metropolitan Region. The Business District is strategically located along the Ray Gibbon Drive corridor, providing direct links to Anthony Henday Drive and Yellowhead Trail. This connectivity is designed to support a specific cluster of high-growth industries, with a focus on:
Advanced Manufacturing
Health and Life Sciences
Transportation and Logistics
From vision to groundbreaking
While Lakeview has been in the planning stages for over a decade, 2025 marked the start of its transition from paper to pavement with the official groundbreaking ceremony. This event signalled to investors and developers that opportunities like Lakeview do not wait, and with momentum building, now is the time to act.
Infrastructure is often the invisible backbone of regional growth; the City is currently in the design phase of its $62.7-million investment to front-end the district’s essential services. Construction of roads and services is scheduled to begin in early 2027, paving the way for the first wave of private-sector investment. Additionally, a city-led neighbourhood plan is underway, furthering the City’s commitment to reducing barriers for developer investment in Lakeview.
A targeted incentive to spur early development
To lower the barrier of entry for development, St. Albert recently introduced the Development Acceleration Program (DAP). Launched in January 2026, this $8-million initiative provides targeted incentives of up to $110,000 per acre. The goal is simple: to help reduce land development costs and to accelerate the construction that will enable businesses who want to pioneer their own future to control their destiny in Lakeview Business District.
Regional impact
Beyond the immediate boundaries of St. Albert, Lakeview is expected to have a ripple effect across the region. At full build-out, the district is projected to attract up to 5,000 jobs, offering high-value career opportunities closer to home for the region’s skilled workforce.
For Taproot readers, Lakeview represents more than just new industrial inventory; it is a case study in how mid-sized cities are evolving to meet the demands of a global economy. By focusing on specialized sectors and offering competitive development frameworks, the district is positioning itself as a cornerstone of the region’s long-term fiscal sustainability.
Take the next step
Learn how The Future Works Here! Gain access to resources, including our developer toolkit, contact details, and the Development Acceleration Program application at LakeviewBusinessDistrict.ca.