Articles tagged with "Residential Building"

Edmonton police are investigating several suspicious fires at under-construction multi-family homes in various neighborhoods including Old Strathcona, King Edward Park, and Belgravia. Authorities are seeking public assistance and video evidence to help in their investigation. These incidents are being treated as potential arson cases.

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.

Dream Office REIT and Pomerleau are collaborating on a $70-million project to convert the former Barclay Centre in downtown Calgary into residential units. The development, part of Calgary's Downtown Development Incentive Program, will transform 135,000 square feet of underutilized office space into 166 rental homes, with 27% dedicated to affordable housing. The conversion is seen as a solution to Canada's housing shortage and is scheduled for occupancy in 2027. Pomerleau's subsidiary, ITC Construction, will handle the building work.

A new office-to-residential conversion project in downtown Calgary, known as Fina, has begun occupancy. The project is part of Calgary's initiative to revitalize its core by repurposing underused office buildings into housing. The Petro Fina building has been transformed into a 103-unit rental property, maintaining its historical façade, with significant funding from the city's development incentives. The project aims to address housing affordability and increase residential presence in the downtown area.

Promise Robotics, a Canadian AI and robotics technology company, has partnered with Mattamy Homes’ Alberta Division to automate homebuilding using industrial robots. The initiative aims to tackle housing shortages, affordability issues, and labor constraints in Canada. Promise Robotics’ technology manages the complete production lifecycle of homebuilding. This collaboration seeks to enhance efficiency and productivity in the construction sector.

Vesta Properties' Aspen Village project in Calgary's Springbank Hill is advancing, with presales of condominium units in its first phase. The development will feature 1,200 residential units across 15 buildings, using a Scandinavian architectural design, and aims to be completed in five to seven years. The project includes both rental and owned condos, affordable housing components, and 60,000 square feet of retail space. Vesta has already started construction and plans for the first buildings to be completed in 18-24 months.

The town of Calmar has begun construction on its first apartment building in 50 years, spurred by an influx of people moving there. This trend is attributed to the province's overall population growth and the high cost of living in areas like Edmonton, which are pushing residents to seek more affordable housing in rural communities. The project highlights the shifting dynamics in residential preferences as people prioritize more economical living options.

Veterans’ House Canada is launching a new supportive housing project in Edmonton's Athlone neighborhood, which will provide 40 permanent homes for homeless veterans. This is the organization's second project, following a successful initiative in Ottawa, and it is backed by various government levels, private, and corporate donors. The project aims to offer affordable permanent housing coupled with necessary support services to address challenges like mental health, and community reintegration. The project signifies collective efforts in creating affordable housing solutions for veterans in need.

The federal government is investing $4.5 million through the Affordable Housing Fund to build supportive housing for homeless veterans in Edmonton. The project, located in the Athlone neighborhood, will feature 40 bachelor units with amenities like a fitness room and community garden. Veterans' House Canada, a national charity, will oversee the project, which aims to provide stable homes and tailored support services for veterans. The initiative highlights collaboration between the government and non-profit sectors to address affordable housing needs.

Calgary experienced a 9% decline in home sales this August compared to last year, according to the Calgary Real Estate Board. The high inventory levels in the market are contributing to this drop in the average selling price of homes. Overall, the real estate market in Calgary is facing challenges with decreasing sales and price reductions.

Edmonton city council has approved a master agreement for a new event park in the Ice District, with a 9-4 vote. The $408.2-million project will include 2,500 housing units and the demolition of the old Coliseum. Funding will come from the City of Edmonton, the Alberta province, and the Oilers' ownership group. The project is part of the Capital City Downtown Community Revitalization Levy, a financing tool extended by the council to support infrastructure developments.

The City of Edmonton, in collaboration with the Oilers Entertainment Group and the Government of Alberta, has approved a $408.2 million master agreement to develop the Public Event Park and the Village at ICE District. The project will include a new event park, 2,500 housing units, and demolition of the Coliseum, with funding contributions from each partner. The development aims to boost downtown vibrancy, economic opportunities, and stimulate private investment. Edmonton plans to use the Capital City Downtown Community Revitalization Levy to fund its share of the project.