Howard is a Staff Writer based in Vancouver. He was formerly the Deputy Editor of 604 Now, and has written about the media industry for OneZero and international politics for WhoWhatWhy.
From strata high-rises to a retirement residence, Calgary's five most expensive development to finish construction in 2023 had a total value of approximately $391M.Calgary is seeing a well-documented population boom and a building boom appears to be occurring as well, with the City of Calgary issuing more residential building permits in 2023 than it has in any of the past 10 years, the City
"Overall, 2023 was a strong year for construction in Calgary, and we anticipate that 2024 will be another record-breaking year," said Debra Hamilton, Acting General Manager with Planning and Development Services. "It is great to see investor confidence in Calgary. However, the demand is outpacing the supply, as we expect to continue welcoming approximately 65 people per day to our city.
In terms of development projects that completed in 2023, the City of Calgary says the five most expensive projects, based on construction value, totalled to $391.2M. Those projects are as follows.as part of the large-scale redevelopment of the East Village. The first tower, Arris East, delivered 288 rental units and was completed in March 2021, according to the CMLC.
The first phase, a 15-storey tower with 269 rental units, is now complete, according to the City of Calgary, with leasing being managed byEra is a 13-storey condominium building with 186 units sitting above commercial retail units on the ground level. According to Minto Group, all units within Era are now sold out.The Riverwalk Retirement Residences is a 12-storey building with 141 units dedicated to seniors and those who may need supportive care, assisted living, and/or memory care.
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