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July 21, 2020 - Blog Article
Construction at University District, Calgary Maintaining Momentum

Ever since the University District’s plan in Calgary, Alberta received approval in 2016, construction’s been handled swiftly and efficiently. All residential and commercial spaces, parks, and public areas are developing at unprecedented rates, with progress being apparent to all visitors and locals in the vicinity. 

The multi-use community at University District is set to reshape the face of Calgary upon completion. 

Construction Work Staying on Schedule 

Although most of Alberta’s been under a strict lockdown since the onset of the coronavirus pandemic, not all businesses have experienced a setback. It was determined that the construction industry falls under essential services, which is what allowed for uninterrupted progress at University District

All the work is staying on schedule, and it’s still expected that the new neighbourhood will be completed by the end of 2021. 

The construction progress is generating quite some excitement, with increased numbers of daily visitors to the University District Discovery Centre. The Discovery Centre allows visitors to learn more about the project. There you can see detailed retail plans and examine the entire neighbourhood design. 

Retailers Setting to Open by Late August 

As mixed-use property, University District in Calgary, Alberta will provide the neighbourhood with all the amenities needed for a thriving community. Social spots, shops, and services will all be accessible to residents and visitors. 

Some retailers and service providers are already preparing to get to business. By late August, we should see Denim & Smith Barbershops, Scotiabank, Curious Hair Skin Body, Market Wines, and Save-On-Foods all open their doors to the public. 

Residential units such as The Brenda Strafford Foundation’s Cambridge Manor, August by Avi, and Rhapsody by Gracorp are expecting their first residents by fall 2020, which will increase foot traffic and attract more retailers in the area. 

Sustainable and Accessible Neighbourhood Design 

University District is the first community in Alberta, and the largest in Canada, to get the LEED-ND Platinum certification – international certification for commitment to Leadership in Energy and Environmental Design for Neighbourhood Development. 

As such, the neighbourhood is designed to be sustainable and accessible by all. With everything within walking distance, residents and visitors will be encouraged to engage with the community and spend more time visiting entertainment centers, restaurants, cafes, shopping malls, and other commercial spaces. 

That is excellent for increasing foot traffic and spending within the neighbourhood, making it an appealing option for business owners and retailers alike. 

Summary 

With the University District in Calgary quickly approaching its completion, it’s proving to be an excellent investment opportunity. The project is generating interest and attracting prospective tenants and retailers. If you are interested in learning more about other mixed-use Canadian CRE projects, contact us today.