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Alberta & Prairies  + Multi-residential Housing  | 

Nonni Development Planning Calgary Mixed-Use Tower

Nonni Development is planning to construct a mixed-use tower in downtown Calgary.

The tower will likely contain residential rental units and, possibly, a hotel, Gino Nonni, the company’s founder, president and CEO, said Wednesday during a panel discussion at the Vancouver Real Estate Forum.

Nonni offered few other details on the project. He made the comments as panelists were asked whether they are looking at developing projects outside of Vancouver.

In Alberta, the Vancouver-based company is focusing on the industrial sector.

“We’ve been buyers of industrial in Alberta because we think the fundamentals are good and the yields are 150 basis points higher than Vancouver,” said Nonni. “So, to us, it’s not really all that much of a stretch.”

(Editor’s Note: This article has been edited since it was originally published. The previous version contained incorrect information.)


Inside The Story

Richard WeirBosa Development

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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