ASI Royal Park
Location Area & Highlights
ASI Royal Park is located just 1 block West of our ASI High Street project on 17th Avenue between 7th Street and 8th Street SW on one of the most highly sought after retail sites in Calgary, and arguably, Western Canada.
Properties like our Royal Park development are once in a generation re-development projects which become pinnacle assets in major city centres. They are rarely ever sold and when they do sell, are sold at a significant premium over market.
This precinct is home to no less than 10 mixed use towers that have been recently constructed and/or will be constructed within the next 5 years. These sites have been acquired by institutional and publicly traded real estate companies and are evidence that the immediate surrounding area is undergoing dramatic gentrification and densification not unlike the transformation that occurred in Vancouver in the late 1980s and early 1990s.
Positioned in one of Canada’s strongest commercial retail markets due to the area demographics, location profile, and arterial access, our project and adjacent new developments will pave the way for unprecedented mixed-use developments on Calgary’s High Street.
Located directly across the street from Tomkins Park, one of downtown Calgary's rarely found green space parks, and located directly in the centre of the affluent, well-established area of Lower Mount Royal and 17th Avenue SW, our development will consist of a 8 storey, approximately 160,000 SF mixed use commercial retail and residential building. The main floor and second floor will consist of 58,000 sf of prime retail space, with floors 3-8 comprised of 102,000 SF of residential space. Our development will have 2 full floors of underground parking. Our development is highly coveted for its great access and significant exposure to one of the busiest intersections of 17th Avenue SW.