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Alberta & Prairies  | 
Minto Group plans to redevelop a former Calgary high school into a large rental-housing development.

Minto Plans to Redevelop Former Calgary High School

Minto Group plans to redevelop a former Calgary high school into a large-scale multi-residential development.

The Toronto-based company is conducting the project through its Minto Communities division. If all goes according to plan, the shuttered Viscount Bennett site, located in the Knob Hill community near Richmond Road S.W. and Crowchild Trail S.W., will be converted into 2,200 multi-residential units.

Many of the suites are expected to be rental apartments. Minto purchased the property from the Calgary Board of Education earlier this year.

“Calgary’s estimated population is growing at the fastest pace among major metropolitan centres with a 4.7% increase compared to this time last year,” said Jackson Cornelius, lead economist for Calgary-based M3 Development Management, which is partnering on the project.

“The year-over-year increase of rental rates is substantial. The proposed redevelopment of 2501 Richmond aims to provide a solution.”

Minto has filed a land-use redesignation application with the city. The company will hold an online information session November 29 and an in-person meeting November 30 at Richmond Knob Hill Community Centre.

Photo: Richmond Knob Hill Community Association

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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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