Zeidler Expands Purpose-Built Rental Portfolio with New Calgary TowerMarch 02, 2021
With a shortage of housing inventory and the soaring price of homes in Canada, purpose-built rentals are quickly becoming an affordable alternative to condominium high-rises. At Zeidler, we recognize that this typology is key to providing affordable and accessible housing and we are proud to be working on purpose-built rentals across the country.
We are excited to share the unanimous approval from Calgary Planning Commission for our 1216 8 Street Mixed-Use project, which includes a 26-storey purpose-built rental towel in the Beltline community. The Beltline has undergone significant change over the last decade, transforming the inner-city neighbourhood into a vibrant work-live-play community. The new purpose-built rental tower will densify this underutilized site and create an animated pedestrian realm.
“We’re delighted to be working with GWLRA on this upcoming project,” says Project Manager Fiona Warren, “1216 8 Street is a great example of how we can help our clients address the market need for different forms of housing and assist in diversifying an existing community.”
This new project builds on our growing portfolio of purpose-built rentals which encompasses over 4,000 units in the last two years. We are thrilled to be continuing our relationship with GWLRA, whom Zeidler has previously worked with on the purpose-built rental Livmore High Park in Toronto. This recently completed project adds 528 rental units to the site’s existing 1960s-era concrete apartment buildings. Zeidler’s additional purpose-built rental works include Underwood and Brio in Calgary, The Duke in Halifax, and the 191-201 Sherbourne in Toronto.