Descripción del activo
Green Line Mixed-Use Site (the “Site”) represents an exceptional opportunity to acquire a 100% freehold interest in 10.25 acres (“AC”) of entitled mixed-use development land situated in a strategic, growth-oriented node in Calgary, Alberta.
The Site has an approved land-use designation of MU-1f3.5h50 Mixed Use - General, allowing for a range of much needed housing and street level commercial. The Site will be located 150 meters away from Calgary’s future Green Line LRT station, South Hill, making it an ideal future transit-oriented development (“TOD”). The Site is currently being used as a mobile home park, which will provide reliable holding income until development occurs.
Aspectos destacados de la inversión
Connectivity - The Site will be located approximately 150 meters from South Hill Station, a future train station along Calgary’s upcoming Green Line LRT. Once complete, the Green Line LRT will be Calgary’s newest LRT system that will run from northeast to southeast Calgary. The Site has excellent accessibility to major arterial thoroughfares, such as Glenmore Trail, Deerfoot Trail, and Macleod Trail allowing for effortless travel across Calgary.
Development Potential - With a Floor Area Ratio (“FAR”) of 3.5, the opportunity allows for approximately 1,190,000 SF in buildable density. Conceptual planning indicates an attractive built-form to take advantage of the Site.
Employment Nodes - The Site benefits from having quick and easy access to two of Calgary’s largest employment nodes: South East Industrial Area and Quarry Park.
Holding Income - The Site is currently being used as a mobile home park, which will provide reliable holding income until development occurs.
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