DROP DEAD
Acreages Feature
Over-manicuring can hurt over the long run
Out-of-town living resonates with those looking for a rural oasis
DONNA BALZER A6
Corinne Lyall
2015 CREB® President
A7 – A9
A5
FREE aug 26 to sept 1 2016 issue 06-33 editorial 403-781-1324 advertising 403-263-4940 crebnow@creb.ca
real estate news from industry experts
OPEN FOR BUSINESS Commercial development in Airdrie steady despite downturn CARL PATZEL for creb®now
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PHOTO BY CARL PATZEL/FOR CREB®NOW
park system so that it directly connected to the shopping centre for easy pedestrian access,” he said. “We also modified the internal road network so Cooper’s Crossing residents can get to the shopping centre without having to head out onto the major perimeter roads.” Despite feeling the pinch of Alberta’s sluggish economy, commercial development in Airdrie is strong, say city officials. In a report issued this week by the City of Airdrie Economic Development department, 87 per cent of local commercial businesses surveyed said they’ve retained all their employees to date. Of the 76 business surveyed (out of 616 in the city), more than a quarter (20) are still hiring, while only 13 per cent (10) have conduct layoffs — for a total of 26 workers.
AIRDRIE A3
CALGARY CYCLE CONTENTS TRACK WELCOMES NEWS BRIEFS MILLIONTH RIDER MARKET
$440,000
$440,400
$439,700
$441,000
$442,800
$445,000
$447,800
$454,800
CREB® STAFF
$457,400
$459,300
$459,300
$459,100
$459,300
$457,800
$456,700
$458,900
$460,900
$462,400
$461,700
$462,200
$462,800
$461,900
MLS® BENCHMARK PRICE* JUL ‘14 – JUL ‘16
JUL14 AUG14 SEP14 OCT14 NOV14 DEC14 JAN15 FEB15 MAR15 APR15 MAY15 JUN15 JUL15 AUG15 SEP15 OCT15 NOV15 DEC15 JAN16 FEB16 MAR16 APR16 MAY16 JUN16 JUL16
$460,600
CITY OF CALGARY $459,800
estmark Holdings general manager Paul Gerla envisions the Cooper’s Town Promenade commercial area that’s currently W being developed will be vibrant, functional open-air plaza to harmonize with existing community.
$452,800
aul Gerla has long had a vision to develop a vibrant neighbourhood shopping destination in Airdrie’s flourishing southwest quadrant. And he wasn’t about to let a downturn in the provincial economy distract him. “When we evaluate a project like this, we think in terms of decades, not necessarily what’s happening today,” said Gerla, general manager of WestMark Holding Ltd., which is behind a new five-hectare Cooper’s Town Promenade commercial district in the upscale Cooper’s Crossing community. “Places like Cooper’s Town Promenade – which will include a grocery store, medical services and large day care – tend to be quite resilient in challenging economic times. The smaller retailers in the centre will really benefit from the constant traffic these anchor tenants generate.” The promenade, scheduled for completion in 2017, is being designed as an attractive walkable commercial space serving several communities along Airdrie’s booming Eighth Street S.W corridor and new 40th Avenue S.W. thoroughfare. Anchoring the southwest corner of Copper’s Crossing, which is also being developed by Westmark, the promenade will include a Save-On Foods, wine and spirits outlet, Shoppers Drug Mark, day care and pre-school, coffee shops and restaurants, as well as smaller boutique shops. Ronmore Developers Inc. is coordinating project design and construction of the promenade. Once complete, Gerla pictures a vibrant, functional open-air plaza to harmonize with existing community. “(We) redesigned the extensive linear
*All statistics based on monthly data compiled by CREB® via MLS® activity. Includes detached, attached and apartment.
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algary’s contentious cycle track network has topped the one-million rider mark. Since the network opened last June, the City of Calgary has been counting bicycle trips, using automated counters embedded in the pavement at 10 different locations along the network. Based on the data collected at the three middle count locations, one along each route of the network, the track welcomed its millionth rider earlier this month at a ceremony at the CPR underpass downtown.
TRANSPORTATION A3
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