The trapezoidal-shaped hole at the corner of 95th Street and Jasper Avenue has stubbornly existed long enough for it to be immortalized on Google Maps. But new details from Councillor Scott McKeen appear to put an expiration date on the infamous hole. A recently published blurb on McKeen's official website says Calgary-based developer Cidex Group, which purchased the property in June 2016, has been awarded a development permit for a 24-storey residential tower.
The 199-unit development features a design by NORR Architects and bears a striking resemblance to another of the team's projects in Calgary, dubbed The Hat. McKeen, who said Cidex plans to begin foundation work on the tower in November if no appeals are launched, seems hopeful about the development. "The proposed 24-storey tower [...] reinforces the confidence most of us have in the transformation of the greater downtown," reads McKeen's online statement.
The 0.4-hectare site in The Quarters was abandoned by BCM Developments after removing polluted material and digging approximately 10 metres underground. The City paid to decontaminate the site — which they owned — and subsequently set a construction deadline in its sale agreement. BCM was unable to secure financing and geotechnical assessments before the imposed deadline, so possession of the property reverted back to the City. The original plan would have seen the construction of a 28-storey tower with 285 units and a second building later on.
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|Related Companies:||Cidex Group, NORR Architects|