UrbanRED
Active Member
Cidex must still be bullish on Calgary. From the latest David Parker article:
https://calgaryherald.com/business/real-estate/parker-anthem-sees-opportunities-along-bow-river
"Notes:
Calgary’s Beltline district continues to attract investors who have confidence in the area for quality residential development. The latest sale is the 1.79-acre site between 11th and 10th Avenues on 10th Street, across from Vintage Towers and the adjacent popular Midtown Co-op. Owner ATCO Investments contracted the listing to the Avison Young Capital Markets Group, which also represents the new owner Cidex Group. Avison Young principal Kevin Morgans says developers believe there is a need for new residential product able to offer a wide range of amenities, including high ceilings and wider corridors; Cidex plans a mixed-use commercial/residential development for the site."
Sounds like this entire block:
https://www.google.ca/maps/@51.043016,-114.0851883,3a,75y,5.92h,93t/data=!3m5!1e1!3m3!1sVszegK_r66Vj9t08MbIJbw!2e0!6s//geo1.ggpht.com/cbk?panoid=VszegK_r66Vj9t08MbIJbw&output=thumbnail&cb_client=maps_sv.tactile.gps&thumb=2&w=203&h=100&yaw=337.10223&pitch=0&thumbfov=100
I was looking at that block yesterday on my walk home and wondering if something would happen with that site. Of course, I look at every parking lot and decrepit building and wonder if anything will happen to them.