Latest news with #GWLRA
CTV News
08-07-2025
- Business
- CTV News
New vision unveiled for Toronto's College Park. Here is a closer look.
The owners of a Toronto architectural landmark have unveiled an ambitious proposal to revitalize the space with the construction of more than 2,000 new housing units alongside a hotel and a new public atrium. GWL Realty Advisors (GWLRA) released renderings of its vision for College Park on Tuesday afternoon, including a three-tower mixed-use complex that would rise above the existing heritage building. GWLRA says that the proposal, which still needs to go through the city's zoning and approval process, would allow for the construction of 2,334 new housing units as well as 'a new hotel, a new retail and entertainment space, and a new public space.' Revitalized College Park rendering A rendering of the revitalized College Park site. (GWLRA/rendering) It would also maintain the full building that has stood at the corner of College and Yonge streets since 1930, rather than just its façade. 'College Park is one of the most significant works of architecture in Toronto,' ERA Architects Principal Scott Weir said in a news release. 'For its whole existence, College Park has never reached its full potential. This project is our chance to get it right for the beginning of its second century.' College Park is a designated heritage site that is currently home to a shopping mall, office complex and residential properties, as well as a path to the subway. Opened in 1930, and designed by Montreal architects Ross & Macdonald, College Park was scaled back from a 38-storey retail hub at the time, as a result in part of structural challenges and the economic devastation of the Great Depression, GWLRA says. College Park rendering A rendering of College Park's revitalization. (GWLRA/rendering) The Tyndall limestone structure was originally known as Eaton's College Street, until 1977, when the Eaton's Centre opened a few blocks down the street. College Park's seventh-floor Eaton Auditorium, which once hosted performers like Billie Holiday and Duke Ellington, was abandoned until 2000, when GWLRA took over. They restored and renamed the venue as The Carlu, after the original designer Jacques Carlu. GWLRA says that it is now aiming to see through Ross & Macdonald's original design, as well as other scenic elements that mixes old and new architectural designs. College Park rendering A rendering of the revitalization of College Park. (GWLRA/rendering) These include the three mixed-use residential towers, rooftop gardens, a pathway that links College and Yonge to a glass-encased atrium and outdoor public space at the rear. Currently, no formal submissions have been made to the city, though a series of pre-application meetings have taken place. GWLRA have launched a website, which covers the building's history, as well as detailed plans for its future. An events series featuring lectures, open houses and town halls is planned for the future, with the intention of gathering public input and showcasing detailed plans.
Malaysian Reserve
13-06-2025
- Business
- Malaysian Reserve
GWL Realty Advisors and Mayor Gondek Celebrate Breaking Ground on New Premium Rental Development in Calgary's Beltline
24-storey tower to provide 219 rental units and ground-level retail spaces CALGARY, AB, June 12, 2025 /CNW/ – GWL Realty Advisors (GWLRA) celebrated breaking ground on a new rental tower at 1405 4th Street SW in Calgary's Beltline district. Mayor Jyoti Gondek joined the event. This 24-storey residential tower will offer 219 professionally managed rental units and a vibrant ground-level retail area, contributing to the revitalization of one of Calgary's most dynamic neighbourhoods. 'This new development represents our continued commitment to building high-quality rental communities in Canada's top urban markets,' said Glenn Way, President, GWL Realty Advisors. 'With its prime location, premium amenities, and our long-term approach to investing, we are excited to play an active role in shaping Calgary's future and contribute to establishing the Beltline as a premier residential neighbourhood.' Developed on behalf of its client, The Canada Life Assurance Company, the property will be allocated as an investment to the Canada Life participating and non-participating life insurance accounts. Construction will begin immediately and is expected to be completed within 36 months, with occupancy targeted for mid-2028. The development features nearly 6,000 sq. ft. of pedestrian oriented retail space on the ground floor, accommodating up to five commercial units, offering high-quality retail amenities for residents and the surrounding community. The new Beltline project reflects GWLRA's vision of creating boutique, hospitality-inspired rental communities in exceptional locations. Designed to maximize livability, the building will feature open-concept layouts, plenty of natural light, modern finishes, and numerous amenities, including a fitness centre, social lounge, co-working spaces, rooftop dining and pet-friendly facilities, such as a dog run and pet wash. 'Projects like this show confidence in Calgary's urban core and align with our goals for density, sustainability, and vibrant, livable communities,' said Mayor Jyoti Gondek. 'We welcome GWL Realty Advisors' investment and look forward to seeing this new development take shape in the heart of our city.' GWLRA is actively working to help address the housing shortage in major Canadian cities by managing a development pipeline that includes nearly 3,500 residential units across the country in various stages of planning, pre-development, or development. Since 2020, the company has added over 1,500 rental units in key markets, demonstrating its commitment to enhancing urban living through thoughtful development. About GWL Realty Advisors GWL Realty Advisors Inc. generates value by creating vibrant, sustainable communities that engage, excite and inspire. As a leading Canadian real estate investment advisor, we offer asset management, property management, development and specialized advisory services to pension funds and institutional clients. Our diverse portfolio includes residential, industrial, retail and office properties as well as an active pipeline of new development projects. To learn more, visit
Cision Canada
12-06-2025
- Business
- Cision Canada
GWL Realty Advisors and Mayor Gondek Celebrate Breaking Ground on New Premium Rental Development in Calgary's Beltline
24-storey tower to provide 219 rental units and ground-level retail spaces CALGARY, AB, June 12, 2025 /CNW/ - GWL Realty Advisors (GWLRA) celebrated breaking ground on a new rental tower at 1405 4th Street SW in Calgary's Beltline district. Mayor Jyoti Gondek joined the event. This 24-storey residential tower will offer 219 professionally managed rental units and a vibrant ground-level retail area, contributing to the revitalization of one of Calgary's most dynamic neighbourhoods. "This new development represents our continued commitment to building high-quality rental communities in Canada's top urban markets," said Glenn Way, President, GWL Realty Advisors. "With its prime location, premium amenities, and our long-term approach to investing, we are excited to play an active role in shaping Calgary's future and contribute to establishing the Beltline as a premier residential neighbourhood." Developed on behalf of its client, The Canada Life Assurance Company, the property will be allocated as an investment to the Canada Life participating and non-participating life insurance accounts. Construction will begin immediately and is expected to be completed within 36 months, with occupancy targeted for mid-2028. The development features nearly 6,000 sq. ft. of pedestrian oriented retail space on the ground floor, accommodating up to five commercial units, offering high-quality retail amenities for residents and the surrounding community. The new Beltline project reflects GWLRA's vision of creating boutique, hospitality-inspired rental communities in exceptional locations. Designed to maximize livability, the building will feature open-concept layouts, plenty of natural light, modern finishes, and numerous amenities, including a fitness centre, social lounge, co-working spaces, rooftop dining and pet-friendly facilities, such as a dog run and pet wash. "Projects like this show confidence in Calgary's urban core and align with our goals for density, sustainability, and vibrant, livable communities," said Mayor Jyoti Gondek. "We welcome GWL Realty Advisors' investment and look forward to seeing this new development take shape in the heart of our city." GWLRA is actively working to help address the housing shortage in major Canadian cities by managing a development pipeline that includes nearly 3,500 residential units across the country in various stages of planning, pre-development, or development. Since 2020, the company has added over 1,500 rental units in key markets, demonstrating its commitment to enhancing urban living through thoughtful development. About GWL Realty Advisors GWL Realty Advisors Inc. generates value by creating vibrant, sustainable communities that engage, excite and inspire. As a leading Canadian real estate investment advisor, we offer asset management, property management, development and specialized advisory services to pension funds and institutional clients. Our diverse portfolio includes residential, industrial, retail and office properties as well as an active pipeline of new development projects. To learn more, visit SOURCE GWL Realty Advisors
Yahoo
12-06-2025
- Business
- Yahoo
GWL Realty Advisors and Mayor Gondek Celebrate Breaking Ground on New Premium Rental Development in Calgary's Beltline
24-storey tower to provide 219 rental units and ground-level retail spaces CALGARY, AB, June 12, 2025 /CNW/ - GWL Realty Advisors (GWLRA) celebrated breaking ground on a new rental tower at 1405 4th Street SW in Calgary's Beltline district. Mayor Jyoti Gondek joined the event. This 24-storey residential tower will offer 219 professionally managed rental units and a vibrant ground-level retail area, contributing to the revitalization of one of Calgary's most dynamic neighbourhoods. "This new development represents our continued commitment to building high-quality rental communities in Canada's top urban markets," said Glenn Way, President, GWL Realty Advisors. "With its prime location, premium amenities, and our long-term approach to investing, we are excited to play an active role in shaping Calgary's future and contribute to establishing the Beltline as a premier residential neighbourhood." Developed on behalf of its client, The Canada Life Assurance Company, the property will be allocated as an investment to the Canada Life participating and non-participating life insurance accounts. Construction will begin immediately and is expected to be completed within 36 months, with occupancy targeted for mid-2028. The development features nearly 6,000 sq. ft. of pedestrian oriented retail space on the ground floor, accommodating up to five commercial units, offering high-quality retail amenities for residents and the surrounding community. The new Beltline project reflects GWLRA's vision of creating boutique, hospitality-inspired rental communities in exceptional locations. Designed to maximize livability, the building will feature open-concept layouts, plenty of natural light, modern finishes, and numerous amenities, including a fitness centre, social lounge, co-working spaces, rooftop dining and pet-friendly facilities, such as a dog run and pet wash. "Projects like this show confidence in Calgary's urban core and align with our goals for density, sustainability, and vibrant, livable communities," said Mayor Jyoti Gondek. "We welcome GWL Realty Advisors' investment and look forward to seeing this new development take shape in the heart of our city." GWLRA is actively working to help address the housing shortage in major Canadian cities by managing a development pipeline that includes nearly 3,500 residential units across the country in various stages of planning, pre-development, or development. Since 2020, the company has added over 1,500 rental units in key markets, demonstrating its commitment to enhancing urban living through thoughtful development. About GWL Realty Advisors GWL Realty Advisors Inc. generates value by creating vibrant, sustainable communities that engage, excite and inspire. As a leading Canadian real estate investment advisor, we offer asset management, property management, development and specialized advisory services to pension funds and institutional clients. Our diverse portfolio includes residential, industrial, retail and office properties as well as an active pipeline of new development projects. To learn more, visit SOURCE GWL Realty Advisors View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
