Calgary city council has advanced a major mixed-use redevelopment project in the southeast to its next stage.

The long-term project’s land-use amendment application passed first reading with council giving its unanimous support.

Known as Midtown, the redevelopment is located in the city’s southeast and tied to a proposed new C-Train station that the property’s owner and developer, Cantana Investments, has pledged to fund. The 34-acre site is located southeast of Macleod and Glenmore trails in the Fisher Park area near Cadillac Fairview’s Chinook Centre mall. (Macleod and Glenmore trails are two major thoroughfares that intersect with each other near CF Chinook Centre.)

If all goes according to plan, Midtown will comprise 28 new buildings and include 6,200 housing units, along with specialty retail shops, hotels restaurants and bistros.

Arcadis IBI is serving as the project’s architect and submitted the land-use amendment application on behalf of Calgary-based Cantana.

Get Ready for Canada Kick-off

(Connect CRE will hold its inaugural Canada Kick-off Event in Toronto on June 11. This will be Connect’s first commercial real estate industry conference in Canada. Panelists will include Syl Apps, managing director and co-country head for Hines; Lindsay Brand, chief investment officer at Concert Properties; Mark Kenney, CEO of Canadian Apartment Properties REIT; and, Marie-France Benoit, Avison Young’s director of Canadian market intelligence. Come and gain insights from industry leaders on such matters as buyer sentiment amid a lower interest-rate environment, cross-border transaction trends, and investors’ outlook for 2024 and beyond. Register today.)