Cadillac Fairview's New Residential Developments
Cadillac Fairview is excited to unveil its innovative residential rental project located in Calgary, marking a major milestone in the company's growth within the housing sector. This project, situated close to one of the region's leading shopping centers, promises not only to enrich the community but also to offer modern living spaces equipped with exceptional amenities.
Overview of the New Rental Project
The development features two impressive towers rising 20 and 19 storeys high, comprising a total of 490 rental units. These towers are thoughtfully connected by a spacious podium, which houses a variety of amenities designed for modern urban living. Residents will enjoy co-working spaces, relaxing lounges, and wellness facilities, all complemented by serene outdoor areas. The project prioritizes sustainability and accessibility, with multiple levels of parking and direct public transit access.
Project Location and Design
Strategically located just a block away from CF Chinook Centre and adjacent to the Chinook LRT station, the residential complex emphasizes convenience and connectivity. This project is designed as a transit-oriented development, which is essential in fostering community growth and sustainable living standards.
Leadership Insights on the Initiative
Sal Iacono, President & CEO of Cadillac Fairview, commented, "This groundbreaking residential development is a testament to our vision of creating vibrant communities. We are committed to providing essential housing and enhancing urban living experiences across the regions we serve."
Expanding Their Residential Portfolio
This will be Cadillac Fairview's fourth notable venture into the residential market, following the Rideau Registry in Ottawa and Carré Windsor in Montreal. Each of these projects reflects the company's relentless pursuit of delivering exceptional living environments while contributing positively to their communities.
Next Steps for the Project
Construction at the Calgary site is set to commence soon, with estimated occupancy beginning in late summer of 2028. This timeline underscores Cadillac Fairview's dedication to bringing this project to fruition efficiently.
About Cadillac Fairview
Cadillac Fairview is renowned for its substantial role in managing and developing high-quality office, residential, and mixed-use properties throughout North America. With significant assets managed by the Ontario Teachers' Pension Plan, Cadillac Fairview continues to shape urban landscapes while maintaining a core focus on community development and sustainability.
Frequently Asked Questions
What is the significance of Cadillac Fairview's new project in Calgary?
This project highlights Cadillac Fairview's commitment to addressing housing needs and enhancing urban living in the Calgary area.
How many units will be available in the new development?
The project will feature a total of 490 rental units spread across two towers.
When is the expected occupancy date for the project?
Initial occupancy is expected to begin in summer 2028.
What amenities will be offered to residents?
Residents will enjoy modern amenities such as co-working spaces, lounges, wellness facilities, and outdoor areas.
Who owns Cadillac Fairview?
Cadillac Fairview is wholly owned by the Ontario Teachers' Pension Plan and manages assets worth over $28 billion.
