Cidex Starts Construction on $80M Edmonton Mixed-Use Project
Cidex Group has commenced construction on a new $80-million mixed-use development in Edmonton.
The Hat at Old Strathcona project is located in one of Edmonton’s historic districts near the popular Whyte Avenue entertainment area. The development will include multiple residential towers and ground-level retail space, according to a description posted on the Alberta government’s major projects website.
The site is currently a surface parking lot. Toronto-based Norr is serving as the project’s architect.
Construction is slated to finish in 2025.
Cidex is a Calgary-based real estate development company that aims to repurpose communities and transform cities while building commercial opportunities that bolster entrepreneurship. The company has other Hat- branded development projects elsewhere in Edmonton and in Calgary, as well as other multi-family and retail real estate projects in Alberta.
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.