Vacant full-block high-density site

Overview

Make your mark on Calgary’s downtown skyline! An exceptional opportunity to develop a vacant and cleared full-block site steps from the vibrant East Village neighbourhood. The property has been rezoned allowing for a high-density mixed-use project up to 20 FAR with density bonusing. The scale of the site and access from four street frontages creates a blank canvas for a developer to design a landmark multi-phase / multi-tower project with efficient configuration and a multitude of massing options. The previous improvements have been demolished and the site is cleared and ready for development.

Flexible CR20-C20/R20 zoning allows for rental, condo, hotel and a wide variety of commercial uses. Preliminary architectural studies support a mixed-use project with four high-rise towers, however, any and all options are on the table. The seller will consider both a sale of the entire site and/or subdivision options.

Concept plans

Location

The property comprises a full city block between 4th Avenue SE and 5th Avenue SE, east of Macleod Trail and west of 3rd Street SE. The location is on the eastern edge of the downtown central business district and western edge of East Village.

Through the Calgary Municipal Land Corporation (CMLC), the City of Calgary has invested nearly $400 million in infrastructure and public improvements to kick-start revitalization of East Village into a world-class mixed-use urban neighbourhood. The site is ideally positioned one block south of the Bow River, one block east of the iconic Bow tower and Calgary’s central business district, and kitty-corner to a two-tower project being developed by Bosa Development and RioCan, with a 180,000 SF commercial podium anchored by a brand new Real Canadian Superstore.

Contact the undersigned for more details.