Inflation, rising interest rates create caution across Metro Vancouver’s housing market VANCOUVER, BC –…
Vancouver-based Anthem Properties has acquired the former headquarters of CBC/Radio-Canada Calgary for redevelopment into multi-family homes.
The 2.43-acre site at 1724 Westmount Boulevard was purchased by Anthem for $12 million, following CBC’s move to 1000 Veterans Place last fall after six decades at the Westmount location. The developer has plans to create an 84-unit, three-storey townhouse community of two- and three-bedroom suites.
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“We are pleased with the acquisition of the former CBC/Radio-Canada site and our proposal to develop high quality townhomes in the Hillhurst-Sunnyside neighborhood,” says Eric Carlson, CEO of Anthem. “Anthem is committed to Calgary as a core market for its diversified portfolio of residential and commercial properties.”
Anthem Properties currently manages 11,000 residential units across Canada, with a total commercial and residential portfolio value of approximately $5 million.