Latest news with #GWLRealtyAdvisors
Malaysian Reserve
a day ago
- 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
2 days ago
- 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
2 days ago
- 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
CBC
01-03-2025
- Automotive
- CBC
Vehicles could be trapped for weeks after Ottawa parking garage collapse
A black Stetson is on Tim Sheffield's mind, though not currently on his head. Sheffield's favourite cowboy hat is in the back of a grey Chevy Volt alongside a handmade, cow-themed jacket that the country musician from Kingston, Ont., wears onstage while performing. The Chevy Volt, the cowboy hat and the tailored jacket are all inside the downtown Ottawa parking garage that collapsed on Wednesday. That's a problem for Sheffield and others whose vehicles are stuck inside the damaged structure, and who have been told it could be up to two weeks before they can access them. "We're just kind of in limbo without a lot of information coming back. We're watching the news just to see what's happening," Sheffield told CBC on Thursday. On Thursday evening, a representative of Indigo Park Canada Inc. sent an email on behalf of property owner GWL Realty Advisors cautioning people with vehicles inside the garage against expecting a quick retrieval. "GWLRA (property owner) is working closely with the city, emergency crews and a local team of experts to address the situation, render the site safe, and allow for the removal of vehicles," the email said. "They do not anticipate being able to access vehicles on the property for at least one to two weeks and we will be in touch with regular updates as this work progresses." A section of the six-level parking garage, which spans Slater Street to Laurier Avenue W. just west of O'Connor Street, collapsed around 4:45 a.m. Wednesday. While the city has not confirmed the cause, Scott Lockhart, Ottawa's deputy chief building official, told CBC Radio's All In A Day that engineers suspect a hefty pile of snow on the upper level may have buckled support girders. The pancake collapse took out the garage's ramp, complicating the removal of 50-odd vehicles. While some automobiles have been crushed by debris, the owners of the undamaged vehicles aren't celebrating yet. 'What's their plan?' Rick Brown from Blue Mountain, Ont., said his insurance company told him they would not pay any expenses as his car was not damaged. "So I can't even open the claim to get a rental car," he told CBC. But Brown, who was in Ottawa for business meetings when the collapse occurred, said his greatest source of frustration has been the lack of clear communication from authorities and the owner of the garage. "It would be nice to have some idea what their thoughts are," he said. "What's their plan? Yeah, I don't know." Likewise, François Ste-Marie suspects the next few weeks will be a headache. His vehicle is visible in photos of the partially demolished garage. A grey car on the level below has been crushed, but Ste-Marie's shiny red truck looks untouched. But without knowing how it will be extracted from the garage, or whether insurance will cover a replacement rental, Ste-Marie is not sure how his family will go on their March vacation. "It's going to be quite problematic," he told CBC. "I'm not getting any answers back from my insurance company as well as to whether or not they would … compensate us for a rental vehicle." And while Sheffield the musician has been told his insurance will eventually pay up, he's anticipating a lean patch until he's reimbursed for out-of-pocket expenses. "We're just bucking up and and realizing that it's going to be very expensive for us over the next little while, as we collect the receipts," he said.
