The Brenda Strafford Foundation’s Cambridge Manor has 240 units and offers independent and assisted living as well as enhanced care and memory care services. Truman’s Noble townhomes and condo units have all been sold. Truman’s Esquire will have 185 one-, two- and three-bedroom units while Maple’s 95 one-and two-bedroom units will offer independent living to those 55 and up. Homes By Avi’s condos are: Argyle, which has 151 studio, one-, two- and three-bedroom units above almost 30,000 square feet of ground-level retail space and August, which has 107 one- and two-bedroom units.īrookfield Residential’s Capella offers 140 units, while Ivy has 127 townhome units. Homes By Avi, Brookfield Residential and Truman are involved with condominium projects in University District, while The Brenda Strafford Foundation is leasing units in an assisted seniors living facility that opened last year.
Other residential developers in University District “It’s an area that we’ll continue to look at and focus on to see if there are additional deals because you can’t beat the partnership with the University of Calgary and what they’re trying to build there,” said Turnbull. University District is the first community in Alberta to achieve LEED ND Platinum status. University of Calgary Properties Group’s long-term plan for University District is to create a diversified community with a mix of multiresidential, seniors housing, office, entertainment and commercial projects on the university-owned land west of the campus.
Calgary’s University DistrictĪRIA is the first rental property purpose-built for young professionals and students in the 200-acre University District, where University of Calgary Properties Group is overseeing ongoing development to optimize the return on the land for the benefit of the university’s academic mission.ĪRIA is within easy walking distance of the University of Calgary and adjacent to Alberta Children’s Hospital, quick-service restaurants, personal service providers and a movie theatre. The ground-level retail at the property is owned by University District Trust and includes a grocery store, a liquor store, a bank branch and a coffee shop. “It leased up very quickly by any market’s standards, which speaks to the quality of the location and the quality of the development itself.” The first opened in September 2020 and the second followed earlier this year, according to Turnbull, who said the apartment is more than 90 per cent occupied. Outside, a 20,000-square-foot inner courtyard features barbecue areas, a pickleball court, a bocce court, a stage, a fire pit, a sitting area, a fountain and a fenced-in pet play area and washing facility.ĪRIA was built in two phases. “The folks at Gracorp are outstanding developers that build great assets and we had a relationship with them.” What ARIA offersĪRIA offers one-, two- and three-bedroom units, underground parking and indoor amenities that include a gym, a yoga studio, a lounge, a games room, a large group kitchen, a dining area, event and storage space. “What attracted us to it was being part of what we believe will be one of the premier communities in the entire Calgary market, where the university is starting from scratch to build it,” Harrison Street managing director and head of Canadian transactions Jonathan Turnbull told RENX. Harrison Street has made its second acquisition with its Canada Alternative Real Estate Fund, a 286-unit apartment in Calgary’s University District.ĪRIA, a six-storey building completed earlier this year, was purchased for an undisclosed price from Gracorp Properties.
ARIA, a 286-unit apartment complex in Calgary’s University District, has been acquired by a Harrison Street fund.