Employing the next generation BUILDING GUIDE I N S I D E : INDUSTRY ANALYSIS OWNERSHIP AND LEASING

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1 BUILDING GUIDE Employing the next generation I N S I D E : the calgary area commercial real estate scene INDUSTRY ANALYSIS OWNERSHIP AND LEASING / Boma building guide calgary INFORMATION MAPS OFFICE, INDUSTRIAL AND RETAIL OVERVIEWS

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4 26th annual Boma building guide Contents Fast facts: Calgary at a Glance Messages from the Mayor of Calgary/Premier of Alberta BOMA Views Publisher: BOMA Calgary ASSOCIATE Publisher: William G.R. Partridge, cae BOMA COMMUNICATIONS COMMITTEE: Vicki Gibbs (Chair); Dana Burns, Calgary Herald; Jay de Nance, Fairfield Commercial Real Estate Inc.; Roger Hanks, Skyling Roofing Ltd.; Carol Lewis, Calgary Herald; Bobbi Joan O Neil, Business in Calgary Rita Reid, Cominar; Lia Robinson, BOMA Calgary; Kristen Wilkinson, N/ERGY Solutions Jamie Zachary, Calgary Herald EDITOR: Jamie Zachary, Calgary Herald Contributing WRITERs: Shannon Sutherland; Michael Kehoe; David Parker; Luke Stiles; William Partridge PHOTOGRAPHY: Calgary Herald Cover PHOTO: Gavin Young DESIGN AND LAYOUT: Calgary Herald Special Projects The BOMA Building Guide is a joint venture of BOMA Calgary, Suite 120, 4954 Richard Rd. SW, Calgary, Alberta, Canada T3E 6L1 Telephone , Fax , info@boma.ca and the Calgary Herald th Street SE, Calgary, Alberta, Canada T2E 7P , Fax Additional copies of the Building Guide are available from BOMA Calgary. View the Building Guide online at by the Calgary Herald and BOMA Calgary. Printed in Canada Millennials motivated by new set of priorities Building listings and maps BUILDING OWNERS AND MANAGERS ASSOCIATION OF CALGARY 19 Retail industry rocking with new projects 31 What s next for industrial s central markets 36, 45 Commercial sector overviews 53 Next Gen playing by different set of rules Attrition opens doors to new workers Money not the only motivator for young professionals The BOMA Building Guide uses environmentally responsible papers BOMA is committed to environmental stewardship. By choosing partially post-consumer recycled fibre instead of virgin paper for this magazine, the following savings to our natural resources have been realized: n Trees: 9 (2 tonnes of wood) n Wastewater: 16,527 litres n Landfill material: 133 kilograms n Net greenhouse emissions: 365 kilograms n Energy: 5,275,279 kilojoules Mitchell Press Eco Audit We produce easy to read computerized As Built floor plans of existing Commercial Real Estate measured to BOMA standards. The Solution to your As Built needs since CERTIFIED MEASUREMENT PROFESSIONAL Calgary msrmasters@shaw.ca All area measurements are drawn to scale, are guaranteed and backed by a $1,000, Errors & Omissions Insurance Policy Boma building guide calgary /

5 Fully integrated tenant solutions WE HAVE A STRONG NATIONAL PRESENCE TO HELP SERVE THE DIVERSE NEEDS OF OUR TENANTS To view our portfolio of properties, visit: Or contact us at: Northwest Territories British Columbia Alberta Saskatchewan Ontario / Boma building guide calgary Quebéc New Brunswick Prince Edward Island Nova Scotia

6 Calgary at a Glance Situated in the beautiful Rocky Mountain Foothills, Calgary rates as the world s cleanest city. Calgarians are proud of their surrounding playground of mountains and rivers, which help attract and retain the energetic individuals who make up the city s workforce. Calgary ranks fourth among major Canadian cities in real GDP growth, at 3.1 per cent in u Year Incorporated: 1884 as a town, 1894 as a city u Location: 51.6N; 114.1W 560,618 u Geographical size: 848 square km. u Elevation: 1,084.1 metres (3,556.8 feet) above sea level u Climate: Calgary ranks first among Canada s 100 largest cities, with: More than 2,300 hours of sunshine annually. Sunniest days year-round and in winter. Summer temperature (June August) Daily average: 15.2C (59.4F) Daily maximum: 21.9C (71.4F) Winter temperature (December February) Daily average: -7.5C (18.5F) Daily maximum: -1.4C (29.5F) Rainfall per year is 321mm (12.6 inches) Snowfall per year is 127cm (50 inches) Calgary has the second youngest population of Canada s major cities, with a median age of Nearly 60% of Calgarians are within the core working age group of u Population Calgary Economic Region (July 2011): 1,362,370 Calgary CMA (July 2011): 1,265,119 City of Calgary (April 2012): 1,120,225 u Population density : 2,289 people per square km u Personal income per capita: $55,227 (2011) Transportation access: Fourth busiest airport in Canada, with 12.8 million passengers in city of Calgary s Population growth: 623, , , , , , , , , , , , ,759 1, ,042,892 1,065,455 1,071,515 1,090,936 1,120,225 GDP DISTRIBUTION BY INDUSTRY, CALGARY CMA INDUSTRY 2011 DISTRIBUTION Manufacturing 8.2% Construction 7.2% Primary, Utilities 20.8% Transportation, Warehousing 5.7% Information, Cultural Industries 3.4% Wholesale, Retail Trade 10.4% Finance, Insurance, Real Estate 17.6% Business Services 10.0% Personal Services 5.0% Non-Commercial Services 8.6% Public Administration, Defence 3.1% Source: Corporate Economics EMPLOYMENT DISTRIBUTION BY INDUSTRY, CALGARY CMA INDUSTRY 2011 DISTRIBUTION Agriculture, Forestry, Fishing, Hunting 0.0% Mining, Oil and Gas Extraction 7.1% Utilities 0.8% Construction 9.6% Manufacturing 6.8% Wholesale Trade 4.2% Retail Trade 11.2% Transportation, Warehousing 5.5% Information, Cultural Industries 2.1% Finance, Insurance, Real Estate, Leasing 5.3% Professional, Scientific, Technical Services 11.8% Management of Companies and Enterprises 0.0% Administrative, Support, Waste Management 3.7% Educational Services 5.6% Health Care, Social Assistance 10.4% Arts, Entertainment, Recreation 2.7% Accommodation, Food Services 5.8% Public Administration 3.2% Other Services 4.2% Source: Statistics Canada Calgary has the second-highest level of educational attainment of population age 25 to 64 among major Boma Canadian building guide cities. calgary Boma building guide calgary /

7 Centron specializes in real estate development, leasing, sales and L E A S I N G L E A S I N G L E A S I N G Retail Industrial S E L L I N G S E L L I N G B U I L D I N G Residential Land Construction For more information, visit CentronGroup.com Relationship-focused for client satisfaction / Boma building guide calgary

8 Index of Advertisers Company Name...Page No. Assessment Advisory Group...25 Black & McDonald Brookfield Properties Corporation...2 Calgary Real Estate Board...37 Canem Systems...12 CBRE Limited...9 Centron Real Estate Development & Construction..7 Dafco Filtration Group...53 Dundee Realty Management...5 Your most comprehensive guide to Calgary buildings The information presented in the print and online versions of the BOMA Building Guide, and in the online listings database at calgaryherald.com/bomalistings, was supplied to BOMA Calgary by various building ownership and management industry sources, most of whom were the building owners representatives. While BOMA believes this information to be accurate, it does not warrant it to be so. In the event that your building is not listed, or the information presented has changed or is otherwise incorrect, please notify BOMA Calgary at or immediately. Updates, additions or changes to this information may be sent to A Successful Business Tradition A quality business environment with new technology and advanced systems Estancia Investments Incorporated...8 Ever-Clear Property Services Inc Evolution Glass...51 Factor Construction...59 GDI Integrated Facility Services...25 Hallmark Housekeeping Services Inc Humford Management Incorporated...25 ICM Realty Group Limited...59 Bradie Building Labbe-Leech Interiors Limited...17 Manchester Properties Inc Measure Masters Calgary/Prairies...4 Morguard Investments Limited...11 Mulvey + Banani International...46 Opus Corporation...64 Remington Development Corp... 33, 39 Kensington Place Renfrew Insurance...46 Royal Construction Limited...51 ServiceMaster of Calgary...57 Servpro Cleaning Incorporated...54 Skyline Building Envelope Solutions...60 Sizeland Evans Interior Design Inc Stantec Consulting Limited...61 Stones Carbert Waite LLP...54 Superior Janitorial Services Ltd Target Realty Corp Tyco Integrated Security th Ave. SW Elveden Centre This three tower office complex has a total rentable area of approximately 450,000 square feet. The three towers, Iveagh House, Elveden House and Guinness House are connected at grade by a glass atrium enclosing a variety of shops and services. Kensington Professional Centre A great place to start; a great place to grow; a great place to continue a successful business tradition. Other properties available include the Bradie Building, Kensington Place and Kensington Professional Centre. Our portfolio consits of approximately 700,000 square feet of quality office properties. Estancia Investments Inc (403) , 707-7th Ave. SW Calgary, AB. T2P 3H Boma building guide calgary /

9 Message from the Premier On behalf of the Government of Alberta, it is my pleasure to extend greetings to users of the BOMA Building Guide. Thank you to the publishers of the BOMA Building Guide for highlighting the opportunities and demands in the fields of commercial real estate, building management and operations. The real estate industry is a valuable contributor to the provincial economy, employing an estimated 26,500 people and adding about $5.22 billion to our gross domestic product. Albertans are excited about the province s future and welcome the opportunities that come with strong economic growth. The Government of Alberta is committed to working with communities and businesses to maintain the conditions that will support ongoing economic prosperity. This includes strategic investments in infrastructure, low taxes and continued development of a knowledge-based economy that encourages innovation, entrepreneurship and a skilled workforce. Special thanks to the building owners and managers who are helping create the Alberta of tomorrow, and for BOMA s efforts, from supporting environmental solutions and energy efficiency to the use of social media for advocacy, education and networking. I hope you enjoy this edition of the Building Guide and learn more about the many opportunities in Calgary and Alberta. Allison M. Redford, Premier of Alberta On behalf of the citizens of Calgary and my City Council colleagues I am pleased to extend greetings to all of you reading the BOMA Building Guide. The BOMA Building Guide continues to be a valuable resource for people interested in the commercial real estate sector in Calgary. We are a young city, full of ambitious workers who are eager to help you grow your business. Calgary is ranked highly as an emerging global financial centre; we know what it takes to build a loyal workforce and a successful enterprise in this competitive economy. When you choose to invest in Calgary, you are not only investing in a business. You are investing in the future of this city and its people. I encourage you to explore all of the opportunities Calgary has to offer. Sincerely, Message from the Mayor naheed k. nenshi, Mayor of Calgary #1 in Commercial Real Estate Worldwide. 438 Offices Worldwide. CBRE Limited is the world s leading real estate services company. We deliver the people, services and knowledge best suited to the needs of each unique client. We make it our priority to know your business, how changing factors in the marketplace can affect it, and the opportunities the world of real estate presents every day. Locally, nationally, or internationally, our agents and consultants are here to provide a comprehensive set of services. COMPREHENSIVE REAL ESTATE SERVICES Alberta Offices: Calgary 3 Edmonton / Boma building guide calgary

10 BOMA VIEWPOINT Time is now for the next generation BOMA Views William G.R. Partridge, CAE President & Chief Staff Officer BOMA Calgary Next Gen: Skilled labour shortages are projected across all sectors, including commercial real estate. If left unchecked, it poses a threat to the Canadian economy. Shortages of skilled labour are a concern repeated in discussions with many BOMA members. We often hear about this issue from Alberta s oil and gas sector, but seldom does the focus land on the commercial real estate sector. Skilled labour shortages are projected across all sectors, and, if allowed to persist, will be a threat to our economy. Everybody deserves a start. Our society pumps people through an education system that leaves many of them unsuited to be hired and lacking a marketable skill-set. The traditional trades have been underemphasized. Instead, young adults have been directed to colleges and universities at the expense of trade schools and technical institutions. This trend could come back to bite us. I once had the pleasure of addressing an association representing the sheet metal industry. One of their concerns was the diminishing enrolment in trades programs that supply tin bashers to the labour supply. Try to imagine sheet metal, in the form of air ducts and the like, that are installed in a typical commercial building. It is monumental in scope. If there is no one to translate the mechanical engineer s design into a built form, where might we expect it to come from? Trades are important and honourable professions. We need to do more to encourage the next generation of workers to consider trades as genuine career options. How do we reach them? For starters, industry must reach out to the career counselors and inform them of the many career and occupational opportunities available in commercial real estate. For my part, I m continuing to reach out to young professionals, informing them about our industry through the BOMA Association, and encouraging them to participate. But mostly, I listen to what they say and what they want. One day, this group of bright young professional women and men will be leaders of our industry and, indeed, our society. It is our obligation to prepare them for the roles they will one day assume. This new generation of young professionals is different than we boomers. It doesn t mean this generation is inferior or superior just different. These young professionals are very civic-minded, tech savvy and eager to learn. They have something to contribute. We must understand what this difference is, what it means to our industry and how to leverage those differences for the greater good. To that end, BOMA has established a Next Gen group within its committee structure, designed to engage young professionals and contribute to the future shape of the association and through it, the industry. Two years ago, BOMA also established a President s Award to acknowledge the outstanding contributions made to the association and industry by young professionals. We want to send a message that we recognize and acknowledge them and what they have to give. Further, BOMA is in the process of establishing competencies in support of about 40 separate occupational profiles. The intent is to establish training or learning standards for these occupations and, from this, build a clear career path that will set down choices for young professionals. BOMA has also created a mentorship program to help young professionals adapt to the corporate world and its culture. In short, Next Gen has changed this organization and its long-term thinking. It is only a matter of time until the full effect of this fantastic demographic cohort is realized. n Boma building guide calgary /

11 INDUSTRY OVERVIEW Demystifying the millennials Next Gen group motivated by different priorities than predecessors By SHANNON SUTHERLAND It is the millennials also known as Generation Y, Next Gen or Echo Boomers who just might keep employers rosters relatively replete despite a looming skilled-labour crunch. First, however, employers must recruit and retain a generation that continues to be largely misunderstood, says Robyn Bews, program manager for WORKshift at Calgary Economic Development. The corner office with the mahogany desk with its implied status won t resonate like it used to, she says of millennials, most often defined as those born in the 1980s or later. Employees now want to know, How will you allow me to be most effective? Will you allow me to bring my own technology to work? Will you let me work where and when I am most productive? Will you allow me to master tasks and have the autonomy to perform my best? Employers won t have much time to adjust, either. Key employees in commercial real estate are and will continue to retire at record rates. The average age of a building operator, for example, is 55, according to the 2011 Building Operator Scoping Study. Times have changed and so have employees, says Bews. Our lives the way we connect, communicate and collaborate has been so profoundly altered by technology that was so rapidly introduced and prolific, we actually forget how things got done just five or 10 years ago, she says. The future of work is no longer telework or mobile work the future is here. Don t believe me? Walk down the hall and do a quick tally on the number of desks that are empty. Employees are already untethered. Employers who disregard millennials may also be missing out on some dedicated and productive employees. About two-thirds of millennials agree that an employee owes his or her employer loyalty, according to an online study by J. Walter Thompson in which more than 1,000 millennials age 21 to 29 were surveyed. Continued on Page 12 / Boma building guide calgary

12 Continued from Page 11 Millennials are also considered most likely to rank fun and stimulation as priorities in a work environment When it comes to committing to a career, some millennials are considered 4- F in that they have four values that come before work: friends, fun, free time and family, writes author Rebecca Huntley in The World According to Y. Relationships have also been redefined by this generation, says Darrell Winwood, a spokesman with the government of Alberta s Enterprise and Advanced Education department. Millennials are accustomed to keeping in constant communication with what previous generations would call contacts, but this generation tends to perceive as friends. Relationships are maintained via cellphones and social media, says Winwood. Youth place a high value on their friendships, and increasingly communicate with each other using cellphones for texting and calling and social media sites, Electrical and Building Performance Solutions across Western Canada Calgary Edmonton Red Deer Vancouver Victoria Nanaimo Winnipeg Learn more at: Fairmount Drive SE Calgary Alberta T2H 0X4 (403) such as Facebook, Twitter and YouTube. Millennials were also raised during a period of relative economic prosperity in the province, which has shaped their perceptions of the world, he adds. Alberta s strong economy over most of the past 10 years has allowed a large proportion of this age group to enjoy a reasonably good quality of life, says Winwood, adding that despite this high level of comfort, millennials are also more socially diverse and aware then many previous generations. Alberta s increasing social diversity and quick access to information from around the world has helped expand the world view of today s youth, including their concern for social issues and the environment. Millennials transition to adulthood also generally takes longer than previous generations and is less linear, says Winwood in addressing the stereotype that millennials are taking longer to grow up in the eyes of some people particularly employers who might be put off by a 27-year-old employee who lives with his or her parents. There is a general trend toward youth extending the traditional markers of adulthood living independently of their parents, entering into marriage or other long-term relationships and having children, he says. Today s youth are more inclined to progress through a series of experiences, which may include periods of learning, working and travelling. Millennials are also often scornfully referred to as trophy kids. This is reference to the fact that, in an effort to build self esteem, educators and parents often shower kids with appreciation, and competition is seen as a negative influence, according to Neil Howe and William Strauss, authors of Millennials Rising: The Next Great Generation. Consequently, an environment where everyone wins is preferred. This can be an advantage to employers. It can create a work atmosphere where young employees spend more time supporting, rather than competing with, co-workers. n Boma building guide calgary /

13 VIEWPOINT Commercial real estate runs in the family David PARKER The last thing many a young person might want to hear around the supper table is how mom or dad made out at the office today. Yet enough have been intrigued in listening to the ups and downs of the commercial real estate industry to follow in their parents footsteps and accept the challenges the sometimes too-exciting career offers. Avison Young has been able to attract a number of young workers who have been listened to such stories of being patient, the frustration of not being able to close a deal, as well as the excitement of being able to share successes no matter the size. Executive vice-president Mark St. Pierre has specialized in downtown office leasing for the past 20 years. The introduction to his book Good As Your Last Deal leads off with Commercial brokerage is one of the most ferocious and rewarding industries in the world hardly a carrot for his own kids. Yet his daughter, Nicole, has been working as part of his team for almost nine months and says she loves it. St. Pierre says it is important for any newcomer to start the climb from the bottom rung. Nicole, for example, has been busy learning the ropes of research, marketing, collecting data on landlords and tenants, and understudying with a mentor before being allowed to make those first cold calls. Her father says there is a lot to learn about documentation, understanding features and benefits (and BOMA floor measurements) before stepping out solo on the calling process, often to confront people who already have a lot of knowledge on leasing expensive spaces. All in the family: Avison Young executive vice-president Mark St. Pierre with daughter Nicole, who has been learning the ropes of research, marketing and data collection. Also on St. Pierre s team are Matt Evans, son of Michael Evans, president of Atlas Development; and Eric Horne, whose uncle Allan Jackson is president of real estate investment company ARCI Ltd. Avison Young director and principal Tod Hughes took on his son, Noah, when he was quite young. Now, his hard work under good mentorship in industrial sales and leasing has landed him a position as leasing manager with Bentall Kennedy (Canada) LP in Winnipeg. One of the city s most experienced suburban office realtors, Colliers International executive vice-president and partner Peter Mayerchak, has two sons on his team. He says he did not try to encourage either Justin or Tyler to join him after they had completed university, but they both knew what was required, asked dad if they could work alongside him and hit the ground running. On the development side of the business, Royop Development chair and CEO Harvey Thal welcomed his son, Jeremy, to the firm six years ago. After graduating from Western University in London, Ont., he stayed out east to gain commercial real industry experience with Colliers International in Toronto. As development manager, Jeremy focuses on new projects, which means he has to understand the workings of city hall. Harvey says it is good to have fresh legs who can better deal with a younger generation of clients and business contacts. But he warns that today s younger management have yet to worry about any kind of recession, which is why the old guard tend to still be more cautious. Centron Group of Companies president Cole Harris is thankful for the training he received from his father, Bob, company founder and CEO. Randy Remington, chair of Remington Development Corp., is also well supported by his son, Ryan, in his position as director of leasing and land sales. Graeme Melton, meanwhile, is working alongside his father, Andrew Melton, executive vice-chairman of Melcor Developments, in the role of regional development manager. His brother, Kavan, has joined CBRE Limited on the investment team, led by senior vice-president Garry Beres. There is a great deal of real estate knowledge and a lot of contacts being shared through Calgary families. n / Boma building guide calgary

14 Crowchild Trail GLENMORE TRAIL Balzac 566 CrossIron Mills Main Directory Airdrie STONEY TRAIL 2 2 To Airdrie/Edmonton STONEY TRAIL Nose Hill Drive 1A STONEY TRAIL Sarcee Trail NOSE HILL PARK 2 DEERFOOT TRAIL CALGARY INTERNATIONAL AIRPORT STONEY TRAIL CROWCHILD TRAIL Bow River To Banff/Vancouver TRANS CANADA HWY Bowness Rd. 1 UNIVERSITY OF CALGARY 563 OLD BANFF COACH RD Bowness Rd. 16 Ave.N. 16 Ave. N. SAIT 16 Ave. N. 1 TRANS CANADA HIGHWAY 3 Ave. Memorial PRINCE S ISLAND PARK Dr. Memorial Dr. To Regina /Winnipeg Sarcee Trail EDWORTHY PARK 1A CALGARY ZOO 9 Ave. 17 Ave. S. STAMPEDE PARK 8 GLENMORE TRAIL MOUNT ROYAL UNIVERSITY MACLEOD TRAIL 2 8 GLENMORE RESERVOIR RESERVOIR GLENMORE TRAIL Bow River FISH CREEK PROVINCIAL PARK 37 St. DEERFOOT TRAIL MACLEOD TRAIL 22x MARQUIS OF LORNE TRAIL 773 2A Bow River 2 To High River/Lethbridge/USA 2A 2 High River 2A Boma building guide calgary /

15 Crowchild Trail Retail Directory Centre St. N. STONEY TRAIL 2 To CrossIron Mills, Airdrie, Red Deer, Edmonton Simon's Twelve Mile Coulee Rd. To Banff/Vancouver 563 Rocky Ridge Rd. STONEY TRAIL Bow River TRANS CANADA HWY 1 1A OLD BANFF COACH RD 17 Ave. Spy Hill Landfill Nose Hill Dr. Bowness Rd. Bow Trail Country Hills Blvd. Sarcee Trail CROWCHILD TRAIL Shaganappi Trail Bowness Rd. Sarcee Trail John Laurie Blvd. 32 Ave. UNIVERSITY OF CALGARY 16 Ave.N. 3 Ave. Bow Trail Shaganappi Trail Charleswood Valley Rd. NOSE HILL PARK Dr. Beddington Trail 14 St. 14 St. CONFEDERATION PARK 16 Ave. N. SAIT Harvest Hills Blvd. 17 Ave. 17 Ave. 64 Ave. 4 St. 6 Ave. 9 Ave. Country Hills Blvd. W. NOSE CK PK Memorial Centre St. N. Dr. Edmonton Trail 2 32 Ave. 1A 12 Ave. DEERFOOT TRAIL Airport Trail 9 Ave. CALGARY INTERNATIONAL AIRPORT McKnight Blvd. Barlow Trail 16 Ave. N. Barlow Trail 1 36 St. 36 St. 44 St. 32 Ave. 17 Ave. S. 64 Ave St. 68 St. STONEY TRAIL TRANS CANADA HIGHWAY Memorial Dr. NOTE: Barlow Trail N.E. between McKnight Blvd. and Airport Tr. CLOSED effective April Av A e Falconridge Blvd. 84 St. 564 To Regina /Winnipeg 85 St St. GLENMORE TRAIL Richmond Rd. 37 St. MOUNT ROYAL UNIVERSITY 33 Ave. GLENMORE TRAIL MACLEOD TRAIL Blackfoot Tr. Ogden Rd. 2 Trail Barlow 36 St. Barlow Trail Peigan Trail 8 Ogden Rd. 52 St. GLENMORE RESERVOIR Heritage Dr. GLENMORE TRAIL 90 Ave. 24 St. 14 St. Southland Dr. Bow River Shepard Rd. 68 St. 84 St. Anderson Rd. 114 Ave. Shepard Sanitary Landfill Canyon 130 Ave. FISH CREEK PROVINCIAL PARK Meadows Dr. Major Retail Properties 37 St. 22x MACLEOD TRAIL Bow Bottom Tr. DEERFOOT TRAIL 178 Ave. 72 St. 88 St. MARQUIS OF LORNE TRAIL Ave. 2A Bow River 2 To Lethbridge/USA / Boma building guide calgary

16 Retail Available online at calgaryherald.com/bomalistings. Buildings listed in green have been certified through BOMA BESt, the leading environmental certification program for commercial buildings. See for updates NOTE: While BOMA believes the information in these listings to be accurate as of the date of publication, it does not warrant it to be so. To delete, add, or change your listing, please contact BOMA Calgary at or Centre centre Owner & contact PROPERTY GROSS NUMBer year name L location (TELEPHONE/ ) TYPE area OF STORES Built 17th Ave. Village Ave. S.W. Alsam Investments/Howard Bell/ /riverpark@shaw.ca Neighbourhood Centre 59, Macleod Tr. S Macleod Tr. S. Telsec Development Group/Sean Flathers/ /sflathers@telsec.com Neighbourhood Centre 55, Acadia Shopping Centre 399 Heritage Dr. S.E. Acadia Commercial Centre Inc./Robert Serr/ /crscapital@telus.net Neighbourhood Centre 46, Airways Mall Ave. N.E. Berezan Management Alberta Ltd./Robert Albert/ /robert@berezan.com Community 110, Aspen Landing St. S.W. Aspen Landling Shopping Centre Ltd./Leo Scarcello/ /lscarcello@nilexx.com Community 215, Art Central 701 Centre St. S.W. Allied Properties REIT/Michael Kehoe/ /mike@fairfieldcommercial.com Downtown 27, Avenida Place Shopping Centre Lake Fraser Dr. S.E. Strategic Realty/Ron Odigaki/ /rodagaki@strategicgroup.ca Community 105, Bankers Hall Ave. SW Brookfield/Bernie Bayer/ /bbayer@taurusgroup.com Downtown 257, Beacon Heights Sarcee Tr. N.W. Intergulf Cidex Development Corp/Amela Palic/ /amela.palic@avisonyoung.com Community 145, Beacon Hill Centre Sarcee Tr. N.W. Rio Can Real Estate Investment Trust/Colin Peter/ /cpeter@riocan.com Power Centre 725, /06 Beddington Co-op Centre 8220 Centre St. N.E. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Community 149, Beddington Towne Centre 8120 Beddington Blvd. N.W. Western Securities Ltd./Mike Brescia/ /mikeb@westsec.ca Community 180, Bow Valley Square Ave. S.W. Oxford Properties Group/Matt Henderson/ /mhenderson@oxfordproperties.com Downtown 97, Brae Centre Braeside Dr. S.W. T & T Properties/Ian McKay/ /imckay@ttproperties.com Community 45, Brentwood Co-op Shopping Centre 4112 Brentwood Rd. N.W. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Community 68, Brentwood Village Shopping Centre 3630 Brentwood Rd. N.W. Rio Can Real Estate Investment Trust/Colin Peter/ /cpeter@riocan.com Community 312, Brick Plaza Shopping Centre 9679 Macleod Tr. S Lansdowne Equity Ventures Ltd./Bruce Ferguson/ /bruce.ferguson@lansdowne.ca Neighbourhood Centre 110, Builders Park Plaza St. S.E. Qualico Group/Arleigh Alden/ /aalden@qualico.com Community 150, The Core - Calgary Eaton Centre St. S.W. 20 Vic Management/Stan Boniferro/ /sboniferro@20vic.,com Downtown 152, Calgary Place St. S.W. Oxford Properties Group/Matt Henderson/ /mhenderson@oxfordproperties.com Downtown 71, Canyon Meadows Centre Macleod Tr. S Alberta Ltd./Kevin Ferguson/ /kevin.ferguson@martellops.com Community 147, Canyon Meadows Shopping Centre Elbow Dr. S.W. Berdaland Canyon Ltd./Krysyn Gatto/ /krystyn.gatto@collierscalgary.com Neighbourhood Centre 217, Calgary SE SmartCentres Ave. S.E. Calloway REIT/Dawn Pagel/ /DPagel@smartcentres.com Power Centre 215, Castleridge Plaza 55 Castle Ridge Blvd. N.E. Rev Dev Corp/ /gbalajow@shaw.ca Community 74, Centre Ave. S.E. Centre 58 LP/Kyle Ulinder/ /kulinder@synergyproperties.ca Neighbourhood Centre 55, Century Park Plaza Macleod Tr. S Century G.P. Ltd./Juan Garrido/ /jgarrido@humfordmgmt.com Retail Mixed US.E. 42, Chinook Centre 6455 Macleod Tr. S Cadillac Fairview Corp. Ltd./Terry Napper/ /nappert@cadillacfairview.com Regional Mall 1,194, Chinook Station 6636 Macleod Tr. S Atlas Development Corp/Chris Swales/ /info@atlasdevco.com Neighbourhood Centre 64, Copperfield Corner Mcivor Blvd. S.E. Hopewell Real Estate Services Inc./Melissa Walsh/ /mwalsh@hopewell.com Convenience 30, Country Hills Towne Centre 430 Country Hills Blvd N.W Bentall-Kennedy/Steve Martin/ /stmartin@bentall.com Community 157, Country Hills Village 5149 Country Hills Blvd. N.W. PFS Retail One Inc./Blair Sinclair/ /bsinclair@triovest.com Neighbourhood Centre 63, Coventry Hills Centre 130 Country Village Rd. N.E. Grosvenor Canada Ltd./Jeremy Thal/ /jthal@royop.com Power Centre 135, Cranston Market 356 Cranston Rd. S.E. First Capital Realty/Paula Agioritis/ /paula.agioritis@firstcapitalrealty.ca Neighbourhood Centre 82, Creekside Shopping Centre Symons Valley Rd. N.W. Canadian Real Estate Investment Trust/Carla Fedele/ /cfedele@creit.ca Power Centre 427, CrossIron Mills CrossIron Blvd., Rockyview Ivanhoe Cambridge/Van Agioritis/ /vagioritis@ivanhoecambridge.com Power Centre 1,300, Crowfoot Crossing 151 Crowfoot Ter. N.W. Arcturus Realty Corp/Andrew Harrison/ /aharrison@arcturusrealty.com Power Centre 263, Crowfoot Co-op Shopping Centre 35 Crowfoot Cir. N.W. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Neighbourhood Centre 86, Crowchild Square 5403-Crowchild Tr. N.W. Capital Ideas Ltd./Ralph Woessner/ /rwoessner@capitalideas.com Neighbourhood Centre 56, Crowfoot Corner Shopping Centre 150 Crowfoot Cres. N.W. Narland Properties Inc./Heidi Siviglia/ /hsiviglia@narland.com Neighbourhood Centre 51, Crowfoot Village 20 Crowfoot Cres. N.W. Narland Properties Inc./Heidi Siviglia/ /hsiviglia@narland.com Neighbourhood Centre 62, Dalhousie Co-op Shopping Centre 5055 Shaganappi Tr. N.W. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Neighbourhood Centre 70, Dalhousie Station 5005 Dalhousie Dr. N.W. Bentall-Kennedy/Steve Martin/ /stmartin@bentall.com Community 190, Deerfoot Outlet Mall Ave. N.E. Shape Properties Ltd./Katie Bertram/ /bertram@shapeproperties.com Regional Mall 588, Deer Valley Shopping Centre 1221 Canyon Meadows Dr. S.E. First Capital Realty/Ron Scheltz/ /ron.schletz@firstcapitalrealty.ca Community 196, Deerfoot Meadows 33 Heritage Meadows Way S.E. Ivanhoe Cambridge/Alan Rivait/ /ARivait@ivanhoecambridge.com Power Centre 1,438, /05 Deerpoint Plaza Deer Ridge Dr. S.E. Krysyn Gatto/ /krystyn.gatto@collierscalgary.com Neighbourhood Centre 76, Douglas Square Shopping Centre St. S.E. Investors Real Property Fund/Vyetta Sunderland/ /vsunderland@matrix.ca Community 121, Eastpoint Shopping Centre St. N.E. AB Edie Equities Inc./Allan Edie/ /abedie@telusplanet.net Neighbourhood Centre 50, Eau Claire Festival Market 200 Barclay Parade S.W. Harvard Developments/Cam Costley/ /ccostley@harvard.ca Downtown 191, Fairmount Place Shopping Centre 9919 Fairmount Dr. S.E. First Capital Realty/Ron Scheltz/ /ron.schletz@firstcapitalrealty.ca Neighbourhood Centre 58, Fashion Central St. S.W. Allied Properties REIT/Michael Kehoe/ /mike@fairfieldcommercial.com Downtown 25, Fifth Avenue Place St. S.W. Brookfield Properties/Bernie Bayer/ /bbayer@taurusgroup.com Downtown 48, Foothills Crossing Shopping Centre Ave. S.E. H & R REIT/Brian Kowall/ /bkowall@royop.com Neighbourhood Centre 40, Forest Hills Plaza Ave. S.E. Blair Mastin/ /bmastin@naicalgary.com Neighbourhood Centre 40, Forest Lane Shopping Centre Ave. S.E. Metrowest Developments Ltd./Ken Burak/ /metrowst@telusplanet.com Community 120, Forest Lawn Co-op Shopping Centre Ave. S.E. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Neighbourhood Centre 67, Forest lawn Shopping Centre Ave. S.E. Sun life Assurance Company/Phil Marleau/ /pmarleau@bentallkennedy.com Community 108, Gates of Panorama 225 Panatella Hill N.W. Royop Development Corp./Alistair Corbet/ /alistair.corbett@cbre.com Community 104, Glamorgan Shopping Centre 3919 Richmond Rd S.W. Herman & Kifer Holdings Ltd./Brian Kowall/ /bkowall@royop.com Neighbourhood Centre 76, Glenbrook Plaza St. S.W. First Capital Realty/Ron Scheltz/ /ron.schletz@firstcapitalrealty.ca Neighbourhood Centre 55, Boma building guide calgary /

17 Retail Available online at calgaryherald.com/bomalistings. Buildings listed in green have been certified through BOMA BESt, the leading environmental certification program for commercial buildings. See for updates NOTE: While BOMA believes the information in these listings to be accurate as of the date of publication, it does not warrant it to be so. To delete, add, or change your listing, please contact BOMA Calgary at or Centre centre Owner & contact PROPERTY GROSS NUMBer year name L location (TELEPHONE/ ) TYPE area OF STORES Built Glenmore Centre 6620 Centre St. S Glenmore & Centre Ltd./Ron Odigaki/ /rodagaki@strategic-group.ca Neighbourhood Centre 68, Glenmore Landing Shopping Centre Ave. S.W. Rio Can Real Estate Investment Trust/Colin Peter/ /cpeter@riocan.com Community 147, Glenmore Square St. S.E. Canadian Real Estate Investment Trust/Carla Fedele/ /cfedele@creit.ca Neighbourhood Centre 75, Gulf Canada Square Ave. S.W. GWL Realty Advisors Inc./Laura Newcombe/ /laura.newcombe@gwlra.com Retail Mixed Use 75, Hamptons Co-op Shopping Centre 1000 Hamptons Dr. N.W. Calgary Co-operative Association/Lisa Ha/ /lisah@calgarycoop.com Neighbourhood Centre 72, Harvest Hills Crossing 9650 Harvest Hills Blvd. N.E. Qualico Developments/Arleigh Alden/ /aalden@qualico.com Neighbourhood Centre 130, Heritage Hill Shopping Centre 8180 MacLeod Tr. S.E. Anthem Properties Corp./Bernie St. Pierre/ /bstpierre@anthemproperties.com Community 128, Heritage Plaza 8330 Macleod Tr S.E. Heritage Plaza Ltd./Al Gelmon/ /agelmon@shaw.ca Neighbourhood Centre 64, Heritage Town Centre 7337 Railway St. S.E. Morguard Investments Ltd./Randy Borisenko/ /rborisenko@morguard.com Power Centre 133, Horizon Square Ave. N.E. Westfield Horizon Heights Ltd./Randy Mudryk/ /rmudryk@nwe.ca Neighbourhood Centre 73, Hunterhorn Plaza St. N.E. Horton-McDonald Developments/Greg Horton/ /ghorton@hmdev.ca Community 150, Kingsland Village 7337 Macleod Tr. S Telsec Development Group/Sean Flathers/ /sflathers@telsec.com Community 60, Kingsland Shopping Centre 7724 Elbow Dr. S.W. First Capital Realty/Paula Agioritis/ /paula.agioritis@firstcapitalrealty.ca Neighbourhood Centre 46, Lake Bonavista Promenade 755 Lake Bonavista Dr. S.E. Investors Real Property Fund/Vyetta Sunderland/ /vsunderland@matrix.ca Community 111, Lakeview Plaza 6449 Crowchild Tr. S.W. First Capital Realty/Ron Scheltz/ /ron.schletz@firstcapitalrealty.ca Neighbourhood Centre 64, Lowe s Sunridge Centre 2929 Sunridge Way N.E. Rio Can Real Estate Investment Trust /Byron Guss/ /bguss@riocan.com Power Centre 83, London Place West 5255 Richmond Rd. S.W. First Capital Realty/Paula Agioritis/ /paula.agioritis@firstcapitalrealty.ca Neighbourhood Centre 71, London Town Square Ave. N.E. Canadian Real Estate Investment Trust/Carla Fedele/ /cfedele@creit.ca Community 120, Macleod Plaza 9250 Macleod Tr. S.E. GWL Realty Advisors Inc./Laura Newcombe/ /laura.newcombe@gwlra.com Community 123, Macleod Trail Co-op Shopping Centre 8818 Macleod Tr S.E. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Community 146, Madigan Plaza 6060 Memorial Dr. N.E. Madigan Plaza Inc./John Sherbut/ /jsherbut@britgary.ca Neighbourhood Centre 43, The Market at Quarry Park 200 Quarry Park Blvd. S.E. Remington Development Corp./Ramona Meixner/ /rmeixner@remingtoncorp.com Neighbourhood Centre 153, Market Mall 3625 Shaganappi Tr. N.W. Cadillac Fairview/Paige O Neill/ /paige.oniell@cadilacfairview.com Regional Mall 952, The Market at Silverado Sheriff King St & 194 Ave. S.W. Ronmor Developers/Ryan Darragh/ /rdarragh@ronmor.ca Community 125, Marlborough Mall 515 Marlborough Way N.E. 20 Vic Management/Peggay Lindsay/ /plindsay@20vic.com Regional Mall 592, McKenzie Towne Centre 41 McKenzie Towne Ave. S.E. First Capital Realty/Paula Agioritis/ /paula.agioritis@firstcapitalrealty.ca Community 114, McKenzie Towne Plaza 40 McKenzie Towne Blvd. S.E. First Capital Realty/Paula Agioritis/ /paula.agioritis@firstcapitalrealty.ca Community 30, / Boma building guide calgary

18 Retail Available online at calgaryherald.com/bomalistings. Buildings listed in green have been certified through BOMA BESt, the leading environmental certification program for commercial buildings. See for updates NOTE: While BOMA believes the information in these listings to be accurate as of the date of publication, it does not warrant it to be so. To delete, add, or change your listing, please contact BOMA Calgary at or Centre centre Owner & contact PROPERTY GROSS NUMBer year name L location (TELEPHONE/ ) TYPE area OF STORES Built Mindapore Mall 240 Midpark Way S.E. Strategic Realty/Ron Odigaki/ /rodagaki@strategic-group.ca Neighbourhood Centre 98, Midtown Market 11 Ave. & 11 St. S.W. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Neighbourhood Centre 52, Millrise Station 150 Millrise Blvd. S.W. Millrise Plaza Ltd./Ryan Darragh/ /rdarragh@ronmor.ca Community 107, Mount Royal Block Ave. S.W. First Capital Realty/Paula Agioritis/ /paula.agioritis@firstcapitalrealty.ca Retail Mixed US.E. 48, Mount Royal Village th Ave. S.W. First Capital Realty/Paula Agioritis/ /paula.agioritis@firstcapitalrealty.ca Community 35, NE Smart Centres Ave. N.E. First Pro Shopping Centres/Dawn Pagel/ /Dpagel@smartcentres.com Power Centre 200, Newport Village Shopping Centre 9110 Macleod Tr. S First Capital Realty/Paula Agioritis/ /paula.agioritis@firstcapitalrealty.ca Retail Mixed US.E. 42, TBD North Hill Co-op Shopping Centre Ave. N.E. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Community 374, North Hill Shopping Centre Ave. N.W. Bentall-Kennedy/Steve Martin/ /stmartin@bentall.com Regional Mall 374, Northgate Village Shopping Centre St. N.E. Rio Can Real Estate Investment Trust/Byron Guss/ /bguss@riocan.com Power Centre 404, Northland Plaza 4820 Northland Dr. N.W. Certus Developments Inc./Darcie Smith/ /dsmith@certusdevco.com Convenience 34, Northland Village 5111 Northland Dr. N.W. Primarus REIT/Laurel Adamson/ /ladamson@primarisreit.com Regional Mall 504, Oakridge Co-op Shopping Centre 2580 Southland Dr. S.W. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Community 130, Pacific Place Mall St. N.E. Torode Realty Advisors Ltd./Jeff Robson/ /jrobson@torode.com Community 180, Ranchlands Village Shopping Centre 1829 Ranchlands Blvd. N.W. Ranchlands GP Ltd./Ken Lucianovich/ /klucianovich@humfordmgmt.com Retail Mixed US.E. 65, Richmond Road Co-op Shopping Centre 4940 Richmond Rd. S.W. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Neighbourhood Centre 60, Richmond Square St. S.W. First Capital Realty/Ron Scheltz/ /ron.schletz@firstcapitalrealty.ca Community 101, Riverbend Shopping Centre St. S.E. Investors Real Property Fund/Isaac Beall/ /isaac.beallcolliers.com Community 116, Rockey Ridge Shopping Centre 12 mile Coulee Rd & Rocky Vly Blvd. Marquis Community Development Inc./Melissa Walsh/ /mwalsh@hopewell.com Neighbourhood Centre 65, Royal Oak Shopping Centre 8888 Countryhills Blvd. N.W. First Capital Realty/Ron Scheltz/ /ron.schletz@firstcapitalrealty.ca Community 336, Saddle Ridge Station 80 Saddle Town Cir. N.E. Royop Corp./Jeremy Thal/ /jthal@royop.com Power Centre 800, Scotia Centre Ave. S.W. The Bank of Nova Scotia/Rob Blackwell/ /rblackwell@aspenpropertiesltd.com Downtown 93, Shaganappi Village Shopping Centre 4625 Varsity Dr. N.W. Shaganappi Village Shopping Centre Inc./Jack Detrich/ /jadkingsley@telus.net Neighbourhood Centre 71, Shawnessy Co-op Shopping Centre 250 Shawvillve Blvd. S.W. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Community 100, Shawnessy Towne Centre 303 Shawville Blvd. S.E. Rio Can Real Estate Investment Trust/Colin Peter/ /cpeter@riocan.com Power Centre 893, Shawnessy Village Shopping Centre 70 Shawville Blvd. S.E. CREIT/Carla Fedele/ /cfedele@creit.ca Power Centre 101, Shepard Regional Centre Ave. S.E. Shepard Development Corp./Ken Acheson/ /ken.acheson@kennington.ca Regional Mall 435, /06 Shoppes at Shawnessy 225 Shawville Blvd. Rio Can Real Estate Investment Trust/Colin Peter/ /cpeter@riocan.com Power Centre 162, Shoppes of Bridlewood Ave. S.W. Bridlewood Shopping Centre Ltd./Ryan Darragh/ /rdarragh@ronmor.ca Community 101, Shoppes of Marda Loop Ave. S.W Alberta Ltd./Ryan Darragh/ /rdarragh@ronmor.ca Retail Mixed US.E. 22, Signal Hill Centre 5696 Richmond Rd. S.W. Rio Can Real Estate Investment Trust/Colin Peter/ /cpeter@riocan.com Power Centre 568, South Centre Mall Macleod Tr. S. Oxford Properties Group/Matt Henderson/ /mhenderson@oxfordproperties.com Regional Mall 943, South Trail Crossing Ave. S.E. Rio Can Real Estate Investment Trust/Colin Peter/ /cpeter@riocan.com Regional Mall 432, Southland Crossing Shopping Centre 9737 MacLeod Tr. S.W. Rio Can Real Estate Investment Trust/Colin Peter/ /cpeter@riocan.com Community 132, Southpointe Shopping Centre Ave. S.E. The Shoppes of South Trail Ltd./Darcie Smith/ /dsmith@certusdevco.com Community 126, Southwood Corner Elbow Dr. S.W. Westfield Southwood Corner Ltd./Donna MacArthur/ /donnam@viewwest.net Community 121, Springborough Professional Centre 30 Springborough Blvd. S.W. Brookfield Properties/Bernie Bayer/ /bbayer@taurusgroup.com Neighbourhood Centre 81, Spring Hill Village 8060 Silver Springs Blvd. N.W Alberta Ltd./Jack Detrich/ /jadkingsley@telus.net Neighbourhood Centre 61, Stadium Shopping Centre 1941 Uxbridge Dr. N.W. Western Securities Ltd./Mike Brescia/ /mikeb@westsec.ca Neighbourhood Centre 62, Suncor Energy Centre Ave. S.W. Brookfield Properties/Bernie Bayer/ /bbayer@taurusgroup.com Downtown 25, Sunridge Corner 3232 Sunridge Blvd. N.E. H & R REIT/Brian Kowall/ /bkowall@royop.com Convenience 35, Sunridge Mall St N.W. Primarus REIT /Bob Hadwell/ /BHadwell@primarisreit.com Regional Mall 809, Sunrridge Power Centre 3221 Sunridge Way N.E. Anthem Properties Corp./Cindy Macmillan/ /cmacmillan@anthemproperties.com Power Centre 127, Sunridge Spectrum Shopping Centre St. N.E. Westfield Sunridge Spectrum Ltd./Donna MacArthur/ /donnam@viewwest.net Community 130, Taradale Coop 6520 Falconridge Blvd. N.E. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Neighbourhood Centre 56, The Core - T.D. Square Ave. S.W. 20 Vic Management/Stan Boniferro/ /sboniferro@20vic.,com Downtown 223, The Boulevard Shopping Centre MacLeod Tr. S.E. 20 Vic Management/Stan Boniferro/ /sboniferro@20vic.,com Power Centre 145, Tower Centre Ave. S.E. Aspen Properties/Rob Blackwell/ /rblackwell@aspenpropertiesltd.com Downtown 94, TransCanada Centre St. N.E. First Capital Realty/Ron Scheltz/ /ron.schletz@firstcapitalrealty.ca Community 186, Tuscany Market Tuscany Blvd. N.W. First Capital Realty/Paula Agioritis/ /paula.agioritis@firstcapitalrealty.ca Neighbourhood Centre 85, Village Square St. N.E. Strategic Realty/Ron Odigaki/ /rodagaki@strategic-group.ca Neighbourhood Centre 57, Vista Landing St. N.E. Huntindon REIT/Barry Meckelberg/ /info@hreit.ca Retail Mixed US.E. 39, Westbrook Mall St. S.W. 20 Vic Management/Darren Anderson/ /danderson@20vic.com Community 404, Westhills Towne Centre 165 Stewart Gn. S.W. Tonko Realty Advisors Corp./Blair Sinclair/ /bsinclair@triovest.com Power Centre 344, West springs Co-op St. S.W. Calgary Co-operative Association/Lisa Ha/ /LHa@calgarycoop.com Neighbourhood Centre 70, West Springs Village 9 Ave. & 85 St. S.W. Qualico Group/Arleigh Alden/ /aalden@qualico.com Neighbourhood Centre 60, Willowpark Village MacLeod Tr. S.E. Western Securities Ltd./Mike Brescia/ /mikeb@westsec.ca Community 110, Woodbine Square 2525 Woodview Dr. S.W. Hopewell Real Estate Services Inc./Melissa Walsh/ /mwalsh@hopewell.com Neighbourhood Centre 88, Boma building guide calgary /

19 retail overview Calgary continues to rock with new projects By MICHAEL L. KEHOE, Broker, Fairfield Commercial Real Estate Inc. The Calgary region continues to be the hot retail development market in Canada as the city rocks with a record number of new retail-oriented projects in pre-leasing or final planning stages. Calgary s economy is set to grow 3.8 per cent over the next year, with net migration to the city up 300 per cent since 2010, according to the Calgary Chamber of Commerce. Calgary is the head office capital of Canada s energy sector, and the retail and distribution hub of Western Canada. The region enjoys low unemployment and solid consumer confidence levels. The city s ultra-competitive retail and shopping centre network is an ever-evolving component of the region s economy. According to a recent Kubas Primedia Retail Sales Outlook report, Calgary is the retail sales growth leader in 2012 among the major markets it surveyed, projecting the city s sales have grown by 7.5 per cent over last year, reaching $26 billion. Calgary s retail momentum has not gone unnoticed by Canadian and U.S. retailers and restaurant chains looking to expand. American retail giant Target will enter the Calgary market in 2013 with six new stores, further driving sales across the city. Luxury retailer Nordstrom is currently in the beginning stages of entering the Canadian market, with Calgary as one of four locations. n n n Ring road drives new activity The Calgary ring road is emerging as a key factor in driving many of the 39 new retail construction projects in the pre-leasing or final planning stages, says Jay de Nance, associate at Fairfield Commercial Real Estate Inc. These projects will be constructed over the next three to five years, and will add 13.1 million square feet of new retail space to the market. Blue chip workhorse: Calgary s growing shopping centre network is capturing the attention of international retailers. Stable rental rates, a competitive leasing environment and consumer demand make Calgary the quintessential landlords market, as well as fertile ground for retail venues such as grocery-anchored community centres, category-dominant retail power centers, mixed-use/lifestyle centre projects, freestanding retail and main-/high-street retail. The Calgary regional trade area includes the satellite communities of Strathmore, Okotoks, Cochrane, Banff/Canmore, Chestermere and Airdrie. n n n Shopping centres are blue chip workhorses Calgary shopping centres have evolved from the 1950s open-air plazas and enclosed malls into some of Canada s most successful regional shopping centres. Most shopping centres in Calgary are owned by some of the country s finest and well-managed corporations, pension funds and real estate investment trusts. Retail real estate truly is the blue chip workhorse of a diversified investment portfolio. During the 1950s and 60s, car-oriented suburbanites accelerated the transition from the traditional downtown shopping experience to the suburban plaza, and eventually the regional shopping centre. Post-war suburban consumerism exploded in Calgary with the development of new roadways and record housebuilding. Retail followed the rooftops. In 1953, the Britannia neighborhood shopping centre was the first purpose-built shopping centre in Calgary, and became the template for other suburban strip plazas. By 1958, department store Simpsons- Sears opened at the North Hill Centre, the city s first regional shopping centre. Following in 1960 was Chinook Centre, which is now the leading regional shopping centre with rents well over $1,000 per square foot. Calgary shoppers continue to enjoy the most up-to-date, fashion-forward shopping facilities in Canada. The Calgary market is a key destination for international retailers with a stable economy and an excellent shopping centre network. n n n Inner-city urban business districts densify The urban street retail scene is thriving in Kensington, Uptown 17/17th Avenue S.W., 4th Street S.W./Mission, 1st Street between 12th Avenue and 17th Avenue S.W., Marda Loop, Inglewood, Bridgeland and Stephen Avenue Walk. New mixed-use developments at the Stampede Trail in Victoria Park, Mission and East Village district will feature streetfront retail space, adding to the excitement. In the downtown core, six new office tower projects now under construction will feature retail podiums. n n n New shopping centres driven by demand New power centres, lifestyle retail, community shopping centres, hybrid-mixed-use and transit-oriented specialty retail projects continue to evolve across the greater Calgary regional district. Our shopping centre and retail store networks are vital components of the region s infrastructure. n / Boma building guide calgary

20 Crowchild Trail Saddle Ridge Industrial Industrial Industrial Directory Twelve Mile Coulee Rd. To Banff/Vancouver 563 Rocky Ridge Rd. STONEY TRAIL 34 Bow River TRANS CANADA HWY 85 St. 17 Ave. Spy Hill Landfill Nose Hill Dr. Bowness Rd. 1 Bow Trail 1A OLD BANFF COACH RD 8 69 St. GLENMORE TRAIL Sarcee Trail CROWCHILD TRAIL Shaganappi Trail Bowness Rd. Sarcee Trail Country Hills Blvd. John Laurie Blvd. 32 Ave. UNIVERSITY OF CALGARY 16 Ave.N. 3 Ave. Bow Trail Richmond Rd. Shaganappi Trail Charleswood EDWORTHY PARK 37 St. Simon's STONEY TRAIL MOUNT ROYAL UNIVERSITY GLENMORE RESERVOIR NOSE HILL PARK Dr. SAIT PRINCE S ISLAND PARK 17 Ave. 17 Ave. 5 Valley Rd. 90 Ave. 24 St. 33 Ave. Anderson Rd. Beddington Trail 14 St. 14 St. CONFEDERATION PARK GLENMORE TRAIL 14 St. Centre St. N. Harvest Hills Blvd. 64 Ave. 4 St. 16 Ave. N. 6 Ave. 9 Ave. 35 Heritage Dr. 21 Southland Dr. Country Hills Blvd. W. NOSE CK PK Memorial 8 MACLEOD TRAIL Centre St. N. Greenview Industrial Dr. Manchester Industrial Fairview Industrial Edmonton Trail 32 Ave. 12 Ave. STAMPEDE PARK A Blackfoot Tr. DEERFOOT TRAIL 36 CALGARY ZOO Burns Industrial Park Stoney Industrial Park Airport Trail CALGARY INTERNATIONAL AIRPORT Ave Ogden Rd. 2 McKnight Blvd. Bow River Ogden Rd. Barlow Trail 16 Ave. N Trail Barlow Trail Horizon Industrial Park Barlow Ogden Industrial Shepard Rd. 36 St. 36 St. 36 St. Barlow Trail Shepard Industrial 44 St. 64 Ave. 32 Ave. Memorial Dr Ave. S. Foothills Industrial Park South Foothills Industrial Park Eastlake Industrial Centre STONEY TRAIL 2 To Airdrie, Red Deer, Edmonton Av A 52 St. Peigan Trail 52 St. NOTE: Barlow Trail N.E. between McKnight Blvd. and Airport Tr. CLOSED effective April e. Falconridge Blvd. 114 Ave. Dufferin Industrial 68 St. Starfield Industrial 68 St. STONEY TRAIL TRANS CANADA HIGHWAY GLENMORE TRAIL 8 84 St. 84 St. 564 To Regina /Winnipeg Canyon 39 Shepard Sanitary Landfill East Shepard Industrial 130 Ave. FISH CREEK PROVINCIAL PARK Meadows Dr. 37 St. 22x MACLEOD TRAIL Bow Bottom Tr. DEERFOOT TRAIL 178 Ave. 72 St. 88 St. MARQUIS OF LORNE TRAIL Ave. 2 Bow River 2A To Lethbridge/USA Boma building guide calgary /