Anthem Properties has acquired a 146-acre parcel of land in north-central Calgary plans to develop a standalone community.

The investment represents Anthem’s first land position in the fast-growing north-central area of the city. Anthem said the planned community is expected to complement many top-selling master-planned communities in the corridor, including Livingston, Carrington and Lewiston.

The area benefits from a strong access from Stoney Trail via nearby interchanges.

“We are excited to be establishing our presence in the area and welcome the opportunity to collaborate with existing builders and developers with surrounding land holdings,” said Bob Faktor, Anthem’s senior vice-president of land development. “Anthem is well known for making strategic and decisive land acquisitions that set us up to capitalize on desirable growth areas in Calgary, and this purchase demonstrates our commitment to continuing to develop high-quality, sought-after master planned communities.”

Faktor told another publication that the community will include typical commercial and residential properties along with green-space amenities. The residential component is expected to include 1,600 units with 800 comprising single-family homes and another 800 being multi-family suites.

Vancouver-based Anthem intends to undertake the planning and entitlement process immediately and anticipates that the future community will feature a balanced mix of attached, paired, laned and front-drive lots, strategically positioned to leverage move-up and trade-in opportunities for the past buyers residing in existing nearby communities.

Photo: Justin Havre Real Estate Team