Latest news with #GlennWay
Calgary Herald
16-07-2025
- Business
- Calgary Herald
Boutique rental project breaks ground on former Sony store lot
GWL Realty Advisors' purpose-built rental project will go up on the former Sony store site. Photo by Supplied / Postmedia Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. A new mixed-use purpose-built rental tower will soon begin to rise skyward in Calgary's Beltline area. Developed by GWL Realty Advisors on behalf of its client, the Canada Life Assurance Co., the project, which is located on the former Sony store site at 1405 4th St. S.W., broke ground in early June. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Calgary Herald ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Calgary Herald ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors 'This new development represents our continued commitment to building high-quality rental communities in Canada's top urban markets,' says 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.' The project, which isn't yet named, is GWL Realty Advisors' first foray into the Calgary marketplace and will add to the company's development management portfolio of nearly 3,500 residential units in various stages of planning, pre-development or development in key markets across the country, including Edmonton, Toronto, Vancouver and Montreal. Your weekday lunchtime roundup of curated links, news highlights, analysis and features. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again The 24-storey mixed-use development, designed by Arcadis Architects, will offer 219 one- and two-bedroom apartment-style homes with open layouts, plenty of natural light, views in all directions and modern finishes. GWL Realty Advisors explains that the boutique project is designed for modern urban lifestyles and will offer a selection of amenities including a fitness centre, co-working spaces, a rooftop lounge with barbecue spaces and pet-friendly features, including a dog-run. 'These really reflect key elements that renters are seeking in a boutique rental project, in addition to professional management and a high-level of service,' says Way. The project's commercial component, located at podium level, will feature nearly 6,000 sq. ft. of pedestrian-oriented retail space, designed to accommodate up to five commercial units that will be curated to complement the needs and lifestyle of the residents, as well as the surrounding community. 'The retail really becomes part of the amenity offering,' says Way. The upscale-positioned project is expected to have an occupancy date sometime in 2028. According to the Calgary Real Estate Board's Spring Report, following the record high starts of last year, new home starts continue to rise, especially in higher density product intended for the rental market. As of May, year-to-date housing starts for apartment style homes hit 6,202 units with 66 per cent of those rental product. Vacancy rates in Calgary are projected to rise to six per cent by October (up from 4.6 per cent in 2024) as more purpose-built rental units are completed. As of May, average monthly rents in Calgary's city centre sit at $1,604 for an unfurnished one-bedroom, and $2,131 for an unfurnished two-bedroom apartment (
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
