Canadian Pacific Railway is tapping DREAM Unlimited to help it unlock value from its surplus real estate. Properties poised for redevelopment by the just-announced JV—dubbed DREAM Van Horne Properties—include Toronto’s former Obico terminal, a 74-acre yard on Kipling Avenue that closed in 2012. Other properties cited by CP as ripe for a revamp: Schiller Park, a 75-acre site in Chicago, and South Edmonton Yard, a 92-acre site near downtown Edmonton. DREAM CEO Michael Cooper says he believes there’s “unlimited potential” to work with CP to develop land that's “benefited from the growth of our cities.”
Canadian Pacific is Sitting on a Gold Mine
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Related Topics:
Canadian Pacific Railway
, Chicago
, DREAM Unlimited
, DREAM Van Horne Properties
, Edmonton
, Michael Cooper
, Obico terminal
, Schiller Park
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