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Urban Development and Proposals Discussion

In my experience, conducting business in the US is considerably faster/smoother than in Canada. I personally have about 60/40 split in terms of US/Canadian clients, and the Americans are a well oiled machine in comparison. They are more goal focused, there's less dicking around, and while expectations are higher, I find them to be pretty great to work with. The exchange rate doesn't hurt either!
 
outoftheice said:
Not sure if these are new projects or ones we already knew about?

globalnews.ca

Downtown Calgary office towers to be converted into affordable housing with new grant - Calgary | Globalnews.ca

The grant is funded through the Housing Accelerator Fund (HAF), in which future installments may be at risk depending on whether Calgary city council repeals citywide rezoning.
globalnews.ca globalnews.ca
Click to expand...
The prices seem quite high for relatively few units. The 2nd project is getting 64 units/$27 million. That’s approximately $410,000 per unit. These are studios and one bedrooms. I’m sure you could build a heck of a lot more units in a new build somewhere out of downtown. IMHO I don’t see the cost/benefit of these conversions. I’ve been a big fan of most of the conversions and the program in general. These ones seem odd though.
 
I agree, that makes no sense. For some reason there's an appetite for programs like this, but not, for example, the city buying rental buildings or some of the many sub-$300k condos for sale in downtown and Beltline.

Maybe maintenance costs are lower this way, and they don't need to budget for renovation/repairs?
 
I'm more curious about where the revenue from the eventual sales flows...seems like tax payers should get back like 70-80 cents on the dollar, but I've never seen any indication that that's true.
 
Cool upgrades coming to River Hall, looks like a sizeable expansion and adding year-round capabilities. Tying it into the upgraded 8th Street section is really nice too. This might be one of my favourite new proposals in a long time.

https://dmap.calgary.ca/?p=DP2026-00340

Current:
1771010634492.png

Proposed:
1771010665132.png

Proposed winter:
1771010699799.png
 
Golfing guy said:
renx.ca

Anthem buys dev. land in north-central Calgary, plans 1,600 homes

Anthem Properties Group Ltd., has secured a 146-acre parcel of land in north-central Calgary, completing its first land position in the fast-growing area of the city. It is planning a stand-alone community of approximately 1,600 residences.
renx.ca renx.ca
Click to expand...
More urban...

Updates on other Anthem projects​

Anthem received received approval for its first development permit at a multi-phased project at its Erlton site in Calgary, situated across the street from an LRT station and the Calgary Stampede. The first phase is a six-storey building offering 115 purpose-built rental homes. The construction start target for Phase I is summer 2026, with leasing to start in early 2028.

The master plan for the overall site envisions a mixed-use community with approximately 1,000 residential units over six buildings, supported by local commercial retail and services.

Anthem said it has also received a development permit for a three-building plan, comprising 275 purpose-built rental homes, on the former site of CBC in Calgary, along Memorial Drive across from the Bow River. Construction start is expected this summer with leasing to start in spring 2028.
 
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