The past year has been a challenging one for our real estate industry, particularly in the downtown area, but Strategic Group was able to contribute some good news in partnering with a non-profit group and bringing them into what would have been, in the past, financially restrictive office space.
Strategic owns a number of buildings in the downtown core and inner-city and felt the pinch like any other landlord. Laurel Edwards, vice-president, leasing, says it is due to smaller size and by being locally-owned having the ability to make quick, flexible and creative decisions helped it to have a positive absorption in 2017.
One of its buildings is Parallel Centre along 7th Avenue S.W. that has become the new home to the Canadian Mental Health Association.
A couple of months ago, it made the move to Parallel Centre from Kahanoff Centre, giving CMHA space for its main office, plus adequate classroom space steps away from an LRT station.
The transaction became additionally meaningful with a direct donation by Strategic to CMHA of a total amount of over $300,000.
Based in Calgary, Strategic Group has become one of Canada’s largest privately held real estate companies, with ownership stretching from Vancouver Island to Atlantic Canada.
Being fully integrated, it benefits from owning, managing, leasing, redeveloping and repurposing its portfolio.
The corporate strategy has a focus today on multi-family residential rental growth boosted by the expert participation of its in-house construction management services.
Recently completed projects include Entro in Stony Plain, Aqua in Airdrie and Centro, a 69-suite apartment block on 20th Avenue and Centre Street N.E. All are serviced by main floor retail amenities that support the towers and the surrounding community. Centro boasts a busy Rosso Coffee Roasters.
Newer developments are adding 55 units in Phase 2 of Terra in Airdrie and ONE6 at the corner of 14th Street and …read more
Source:: Calgary Herald