Closing Date: January 2020

Addresses: 724-736 4th Avenue SW, Calgary, Alberta
Site Size: 23,825 SF

Potential Density: 190,600 SF (based on 8.0 FAR)

Highlights:

• 23,825 SF, Downtown Core development site which is currently operating as a surface parking lot and leased to Alberta Energy Regulators, providing a developer with holding income during the development planning process
• Unique opportunity to acquire a strategically-located redevelopment site situated in the Downtown Core
• Located within walking distance to the 7th Avenue LRT corridor, The CORE shopping centre and numerous amenities situated along Stephen Avenue Mall
• Commercial and residential developments offer the greatest allowable density for the property to a maximum of 20 FAR
• Four, existing buildings are on the site and leased to multiple tenants which provides holding income on the site