Status: Conditional

Address: 555 6 Avenue SE & 520-538 7 Avenue SE, Calgary, AB

Site Size: 

Phase 1: 0.60 Acres (26,284 SF)

Phase 2: 0.45 Acres (19,537 SF)

Phase 3: 0.56 Acres (24,431 SF)

Phase 4: 0.56 Acres (24,453 SF)

Total: 2.17 Acres (94,705 SF)

Land Use District: DC 70D2020 (Direct Control)

Highlights:

• Strategically located in the heart of East Village between 7th Avenue SE and 5th Street SE, providing excellent access to numerous amenities and notable areas including a Real Canadian Super Store
• Approved East Village Courtyard Master Plan allows for 7.9 FAR, allowing over 750,000 SF of mixed-use development over four multi-residential rental towers with the ability to built 912 rental units
• Potential to construct a 6-storey wood-frame multi-residential building by amending the current Master Development Permit to allow for the desired density
• Located in the heart of East Village, one of Calgary’s fastest growing inner-city neighbourhoods with over $400M in public infrastructure investment over the past several years
• The Property provides holding income that helps off-set any costs during the development planning phase from a 159-stall parking lot