Description

JLL Capital Markets, Calgary (“JLL” and/or the “Advisor”) has been exclusively retained by Calgary Co-operative Association Ltd. for the sale of North Gateway Lands located at 101 Northgate Boulevard East in Okotoks, Alberta (the “Site”).

This Site represents a premier development opportunity within the Northwest Okotoks Area Structure Plan (the “ASP”), a vibrant, high-growth, mixed-use corridor located in the northwest quadrant of the Town of Okotoks. Bounded by Northridge Drive (Highway 2A) and 338th Avenue, the Site features excellent topography that offers spectacular natural views of the Rocky Mountain foothills to the west. Furthermore, with prime nearby retail amenities and a planned 312-acre mixed-use development directly adjacent, the Site offers an exceptional future outlook.

The Site is being offered for sale with a list price of $5,950,000. Offers will be reviewed as they are received. The Vendor reserves the right to call for a bid-date with 14 days notice.

...

Attributes

Land area gross

6.43 ha

Zoning

ALH (Agricultural Land Holdings) District

Asking price

€3,705,000

Media

Investment highlights

Spanning 15.89 gross acres, the Site sits directly adjacent to Highway 2A (Northridge Drive), offering remarkable visual exposure to the north and eastern sides.
Strategic location provides unmatched accessibility to major transportation hubs.
Immediate proximity to commercial centers and expanding residential markets.
The Town of Okotoks projects an annual growth rate of 3% to 4%, putting it on track to potentially double its population within the next 25 years.
The approved North Okotoks Area Structure Plan (NOASP) amendment will bring a 312.18-acre master-planned residential, commercial, and community hub directly east of the Site.