Western Canadian developer Anthem Properties brought some good news to Calgary’s labour market Thursday.
The developer of the Waterfront condo project in the Eau Claire neighbourhood said it’s moving ahead with the next phase of development that will create more than 250 direct construction jobs.
Four buildings totalling 624 units — all sold — were completed in the project’s first phase. The next stage, called Parkside, will eventually consist of six buildings comprising 361 units, of which 85 per cent are sold.
The entire project is expected to be completed by spring 2018.
There is a bit of a softening (in the housing market) but it’s really not as bad as one might think given that huge drop in such an important industry (energy) to this province.
Hungerford Properties has secured a third anchor tenant for its Icon Business Park in the city’s southeast, bringing the leasing of office space there to almost 70 per cent.
ABB, a global company in the utilities, oil and gas and mining sectors, is leasing about 71,000 square feet of office and warehouse space. The company is moving from three separate Calgary locations into the one space.
The location was chosen after an extensive market search and Icon offered the best in workplace accessibility, convenience of location as well as flexibility to accommodate future expansion, said ABB Canada.
The 761,000-square-foot Icon Business Park has been under redevelopment by Hungerford for the past two years. Other major tenants include pet supply distributor Rolf C. Hagen Inc and The Data Group. The latest deal brings the property to more than 50 per cent leased for both office and warehouse space.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.