Using its rare location, Karwood Market will showcase a village within a community, creating significant economic and social value for the Town of Paradise. Partnering with the community and commercial partners, Karwood Market will be a destination that services the fastest growing community in our booming province, along with the 200,000 residents within 20 minutes of the lifestyle centre. Karwood Market represents the best development site in the Paradise/CBS area (and St. John’s Metro Area) in terms of size, highway location and access in which a full service, multi-use development strategy can be pursued. Over 30,500 vehicles travel along the nearby Trans Canada Highway on an average day and on a peak day traffic levels reach over 39,000 vehicles; a result of being a maximum 20 minute drive from anywhere for over 200,000 residents.
Approximately 200,000 sq ft of retail space will be created over the next 5 years & will be sold or leased in phases. Office space will balance the site and is suggested to capture approximately 10,000 sq ft in Phase One and an additional 20,000 sq ft in Phase Two. Phase One will begin with a multi-story hotel complex that will be the only one of its kind in the community. Multi-family residential demand will be estimated at approximately 80 residences in Phase One and 80 additional residences in Phase Two.