The project, consisting of condos, townhomes and single-family homes promises to address the “growing need for higher density housing” in Southwest Calgary.
Just three days after that announcement, The Calgary Herald reported that more than eight million square feet of development has been proposed for the West Campus lands at the University of Calgary.
“The plan, which would create an urban village, includes 6,500 multi-family homes, two million square feet of office space and 200,000 square feet of retail space on 64 hectares of developable land,” the Herald explained.
Cardel‘s “Shawnee Park” project is slated to begin in the fall while the West Campus lands project would take 15 to 20 years to complete upon city approval.
In related news, new data from the Canada Mortgage and Housing Corporation shows that new home construction in the Calgary area reached 1,078 units in May, up 14 per cent from the same month last year. A trend that could very well continue, especially if the city’s population continues to grow at the rate it has been.