CALGARY, ALTA. — GWL Realty Advisors has broken ground on a new rental tower at 1405 4th Street SW in Calgary’s Beltline district.
The 24-storey residential tower will have 219 units and a ground-level retail area.
Construction will begin immediately and is expected to be completed within 36 months, with occupancy targeted for mid-2028. The development features nearly 6,000 square feet of pedestrian oriented retail space on the ground floor, accommodating up to five commercial units, a release states. Amenities include a fitness centre, social lounge, co-working spaces, rooftop dining and pet-friendly facilities, such as a dog run and pet wash.
“Projects like this show confidence in Calgary’s urban core and align with our goals for density, sustainability, and vibrant, livable communities,” said Mayor Jyoti Gondek in a statement. “We welcome GWL Realty Advisors’ investment and look forward to seeing this new development take shape in the heart of our city.”
GWLRA has nearly 3,500 residential units across the country in various stages of planning, pre-development or development, the releaser adds.
Recent Comments
comments for this post are closed