McCauley Development Co-operative Raises One Million Dollars

It is with much gratitude that the Board of the McCauley Development Co-operative thanks its new roster of investors for raising $1M in investments for The Piazza project in Edmonton’s Little Italy!

To date, there are approximately 68 investors who have contributed between $5,000 and $100,000 to purchase and revitalize the commercial strip mall at 108 Avenue and 95th Street. Little Italy is a strong, vibrant and committed community and we are all excited for this next phase of development.

The Board lifted purchase conditions on the property November 26th and the purchase and possession dates are early in the new year.

The investment raise could not have happened without our committed investors, the administrative, visionary, and interim loan support of the Edmonton Community Development Company, financing from the Social Enterprise Fund, and the hard work of your McCauley Development Co-operative Board.

GRAZIE!

Information submitted by the Board of the McCauley Development Co-operative.

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