The Calgary Municipal Land Corporation announced a major step towards the completion of north east portion of the East Village on November 30.
Parcels Q3 and Q4, which make up the remainder of the village’s Q block along 6 Street SE and 7 Avenue SE, are set to be developed by ONE Properties.
The firm is planning on transforming the plots into two mixed-use residential towers with homes for approximately 750 people. The street level of the towers will also be home to retail, food and beverage services.
“We’ve seen Calgary’s East Village thrive in recent years as more Calgarians look to live, work and play in the heart of downtown,” said Thomas Burr, Vice President of mixed-use developments for ONE Properties.
“Alongside CMLC, ONE looks forward to introducing even more options for Calgarians to be a part of this exciting, growing neighbourhood.”
Kate Thompson, President and CEO of CMLC said that she and CMLC were confident that ONE’s project would be a successful addition to the East Village.
“Having seen the success of ONE Properties’ other developments, including their BLVD Beltline project in The Culture and Entertainment District, we are confident that they will bring the same commitment to building well-designed, amenities-rich spaces in East Village,” Thompson said.
Clare LePan, CMLC Vice President for marketing and communications, said that the ONE Properties partnership, along with those of other developers that have been recently announced, signals the continued confidence in the development of the East Village.
“With this announcement, the announcement we made a few weeks ago with Minto Communities—and we expect that in 2023, there’s a couple of privately held parcels that we think are going to move forward as well—it really speaks to a confidence that developers are having in East Village to bring these projects forward,” she said.
“I think from our perspective, we’re keeping our foot on the gas so that we can continue to see these projects brought forward and surface parking lots turned into mixed use buildings, but we’re really proud of where the community is going and what’s been done today.”
