Vesta Unveils 47-Storey Broadway on 17th Project – Copy
AI Article Summary
Vesta Properties has unveiled its Broadway on 17th project, a multi-family mixed-use development in Calgary's Beltline district. The project includes a 47-storey condo tower, which will be the tallest residential building in the city, featuring 700 units. The development, set to be completed in phases by the mid-2030s, will also include two other towers, market-rental suites, affordable housing, and 70,000 square feet of commercial space. Despite challenges in Canada's condo market, Vesta remains optimistic about Alberta's growth and affordability.
What This Means for Canadian Contractors
This project shows how Calgary continues to attract significant development interest, suggesting robust opportunities for contractors involved in permitting, labor, and construction supply chains. For Canadian builders, this means a sustained demand for housing with a focus on vertical construction and mixed-use spaces, potentially impacting labor markets and streamlining supply needs. Additionally, it highlights emerging trends in affordability requirements and strategic partnerships with local governments.
