Development land at Calgary’s iconic Symons Valley Ranch is being listed for sale under a court order.
JLL Canada says the Court of King’s Bench retained it as the exclusive listing agent for the property at 14555 Symons Valley Road N.W. The asking price for the property at $33.5 million, on an as-is, where-is basis.
Symons Valley Ranch was launched as an entertainment venue in 1968 and featured many musical acts while also accommodating a popular, since closed farmers’ market. But the site was racked by two fires in more recent years and efforts to redevelop the land have stalled despite the City of Calgary’s efforts to fast-track them.
JLL touted the 30.63-acre site’s many scenic views. The property has a an approved land-use designation to permit a range of 2.0 and 3.0 floor area ratio, allowing for a variety of much needed housing and additional complementary retail space and amenities.
Calgary-based brokers Ryan Murphy and Isabelle Milligan are co-ordinating the listing for JLL.
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.