Calgary’s million square feet. UXBorough project inaugurates | RENX
Western Securities Limited broke ground on Phase 1 of its one-million-square-foot UXBorough Calgary mixed-use development, a project in progress for more than 15 years.
The first phase of the development, slated for occupancy in the first part of 2024, includes a state-of-the-art eight-story, 146,000 square foot medical office building with a direct link to the Calgary Cancer Center and Foothills Medical Center via a pedestrian bridge.
The ground floor of the building will house commercial tenants as well as a 10,000 square foot daycare center.
Phase 1 also includes a 14-story, 203-unit residential tower with an additional 15,000 square feet of retail and restaurant space, a temporary amenity plaza, and underground and surface parking. The residential tower will be rental.
The former site of the Stadium Mall
Mike Brescia is chief operating officer of Western Securities, which is owned by the O’Connor family. He said the revitalization of the former Stadium Shopping Center site, which the family built in 1960, was long overdue.
“There was a DP (development permit) in 2006 which was rejected (by) the housing estate development appeal board and then we started to review it when I started with the company, there is over ten years old now,” he said. “The current iteration has been in the works for about a decade.”
The project’s location in a highly desirable northwest Calgary neighborhood is critical.
In addition to proximity to the Calgary Cancer Center and Foothills Medical Center (Foothills Hospital), the site is also close to the University of Calgary, the University District’s massive mixed-use development, the Hospital for Alberta kids and McMahon Stadium where the CFL Calgary Stampeders play.
“The name UXBorough really comes from what we felt through the underlying premise of the project is that it’s at the crossroads of a lot of notable institutions in Calgary,” Brescia said.
“It’s really in the center of what the city also considers a major center of activity.
“We’re just surrounded by big institutions, big employers, huge pedestrian activity because of lots of people walking and biking between all the different things going on in the neighborhood. »
The next phases of UXBorough
Brescia said future phases will include a hotel, another office building and another residential building. The buildings would also have retail businesses on their main floors.
He said the 11-story hotel will have 189 rooms and a conference center, the 10-story office building will be about 225.00 square feet, and the four-story residential building will have about 75 units with a groceries at ground level. .
Residential units planned in future phases are also intended for rental, but this could change depending on market conditions.
“Our intention is to try to start construction on the next phase before we complete this phase, but we are only working on this part now on how to work through this,” Brescia said.
Brescia said the redevelopment will create more than one million estimated man-hours for construction management, commercial labor and suppliers.
A “good time” to innovate
“We really wanted to do something that would have a very positive impact on the economy. We had a bit of an economic downturn in Calgary for a few years and we want to contribute to the fabric of creating a ton of jobs and making a positive impact in an area where we thought we could,” Brescia said.
“Given its location, we thought it was a good time to do so. . . . There are so many people both during work and school day. There’s a lot of synergy in the growth that’s happening between all the different places.
“We see ourselves as an extension of the Foothills medical site. Previously (Stadium Shopping Centre) was just a mall, but we definitely had employees there eating in the restaurants and shopping in the stores.
“It’s just a really integrated community. It’s kind of a city within a city all around.
The construction manager for the project is PCL Construction Management Inc., while the official architect is Gibbs Gage Architects.
Western Securities Limited is a privately held, fully integrated real estate holding, management and development company. Its roots are in Calgary where the late John J. O’Connor incorporated the company in 1932.
The Company’s real estate assets include farmland and ranches; individual and multi-residential dwellings; hotels; commercial buildings; mixed-use projects and closed shopping centres.
Since 1977, Western Securities’ operations have diversified to include US markets concentrated in Texas.