{"id":1985,"date":"2012-10-30T11:01:18","date_gmt":"2012-10-30T15:01:18","guid":{"rendered":"http:\/\/traceyarial.com\/blog\/?p=1985"},"modified":"2013-05-30T13:08:48","modified_gmt":"2013-05-30T17:08:48","slug":"mixed-use-calgary-developers","status":"publish","type":"post","link":"https:\/\/traceyarial.com\/blog\/en\/mixed-use-calgary-developers\/","title":{"rendered":"Issues Concerning Calgary Developers"},"content":{"rendered":"

Developers of mixed-use projects for downtown Calgary say that projects work well as long as partners share a common vision and retail, commercial and residential uses are kept separate.<\/span><\/strong><\/p>\n

\"HeritageStationCalgary\"<\/p>\n

You have to share the same desire for mixed-use because it is not easy to do,\u201d says Todd Werre, Development Vice President of Westcorp Properties Inc., the firm developing Heritage Station in southwest Calgary. \u201cThere are lots of challenges in terms of differentiating between the uses physical and operationally. There is going to be overlap; the challenge is to minimise that and be able to articulate those costs and rationalize them to both sides because nobody wants to pay for somebody else\u2019s stuff. Those challenges also present opportunities, in terms of diversified cash flow stream, a real sense of community and convenience for the people that live in the projects.\u201d<\/span><\/p><\/blockquote>\n

John Torode, the visionary behind Hotel Arts and Ramsay Exchange, agrees that shared visions simplify projects. \u201cA classic project is a hotel with condominiums attached to it,\u201d he said. \u201cIt helps the condos sell and the hotel stands on its own merits.\u201d<\/p>\n

\"Hotel<\/a>When he bought the former Holiday Inn, for example, he kept the existing management team in place and benefited from their experience in the industry to switch the operation to a boutique hotel.<\/p>\n

You really need to understand your market and who is going to live there, why they are living there and what they need to live there comfortably,\u201d says Werre, \u201cIf you don\u2019t attract the right retail mix, the retail component of a mixed-use project becomes a hindrance to the project and the businesses will be challenged because it is an environment where everybody has to live together.\u201d<\/span><\/p><\/blockquote>\n

Note: This article was published\u00a0on page 45<\/span>\u00a0<\/span>\u00a0of\u00a0<\/span>Canada’s Leading Real Estate Forum, Ottawa, Fall 2012\u00a0<\/span>as part of a bigger Issues Concerning Calgary Developers story<\/span>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Developers of mixed-use projects for downtown Calgary say that projects work well as long as partners share a common vision and retail, commercial and residential uses are kept separate. You have to share the same desire for mixed-use because it is not easy to do,\u201d says Todd Werre, Development Vice President of Westcorp Properties Inc., […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[30],"tags":[],"class_list":["post-1985","post","type-post","status-publish","format-standard","hentry","category-canada","post-wrapper","thrv_wrapper"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2buQs-w1","jetpack-related-posts":[{"id":1940,"url":"https:\/\/traceyarial.com\/blog\/en\/rollinstanle\/","url_meta":{"origin":1985,"position":0},"title":"Calgary Risks Becoming Too Expensive","author":"Tracey Arial","date":"October 29, 2012","format":false,"excerpt":"Growth based on nodes and corridors, diverse product and creative financing are key to avoiding that fate, says Calgary's new city planner Rollin Stanley The greatest challenge in growing cities is finding a way to increase population and improve infrastructure without becoming so costly that people can\u2019t afford to live\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"RollinStanley","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/RollinStanley.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1992,"url":"https:\/\/traceyarial.com\/blog\/en\/new-players-calgary\/","url_meta":{"origin":1985,"position":1},"title":"New players increase competition in opportunity-rich Calgary","author":"Tracey Arial","date":"October 30, 2012","format":false,"excerpt":"Luxury, Small Spaces and Mixed-use Trending in Rapidly-Expanding Retail Market With some fifteen new retailers looking at entering the Canadian market through Calgary, the competition for good high-traffic locations in populated areas with dependable labour is becoming fierce. The demand is strong both from the United\u00a0States and internationally, and what\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Schmidt headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/DarrylSchmidt-107x150.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1999,"url":"https:\/\/traceyarial.com\/blog\/en\/legends-calgary-real-estate\/","url_meta":{"origin":1985,"position":2},"title":"Legendary Success in Real Estate Investment","author":"Tracey Arial","date":"October 30, 2012","format":false,"excerpt":"Real Estate Experience Helps When Negotiating Trends, Risks and Opportunities in Calgary What does it take to build success over time in the Calgary market? Great real estate investment is all driven by risk assessment,\u201d says Jon Love, a managing partner with KingSett Capital and former head of Oxford Properties\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Love headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/jonlove.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1592,"url":"https:\/\/traceyarial.com\/blog\/en\/mark_renzoni\/","url_meta":{"origin":1985,"position":3},"title":"Steady as she goes","author":"Tracey Arial","date":"May 7, 2013","format":false,"excerpt":"Stable markets, continued low interest rates and strong capital markets will offset possible slow-downs in residential construction and jobs in the coming year for a cautiously optimistic overlook overall. \u201cThere\u2019s going to be a steady real estate market for all of Canada, especially for the major markets of Vancouver, Calgary\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"COO of CBRE","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Renzoni.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15662,"url":"https:\/\/traceyarial.com\/blog\/en\/vancouver-office-stalled\/","url_meta":{"origin":1985,"position":4},"title":"Office demand in Vancouver stalled","author":"Tracey Arial","date":"April 10, 2014","format":false,"excerpt":"There\u2019s a lot of excitement in the Vancouver market recently, primarily due to three big developments due to open next year. Still, the top expert in the market says there\u2019s now a lull. When three or four buildings came out of the ground, they got a lot of immediate take-up\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"BartCorbett","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/BartCorbett.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1882,"url":"https:\/\/traceyarial.com\/blog\/en\/mid-size-market-opportunities\/","url_meta":{"origin":1985,"position":5},"title":"Mid-size Market Opportunities via growth, creativity and services","author":"Tracey Arial","date":"November 29, 2012","format":false,"excerpt":"Many of the assets in our market have potential to add more density, as planners become more open to the infilling concept says Manitoban real estate expert Mid-size markets in the west are growing briskly, says Sandy Shindleman, president of Shindico Group, a commercial-based real estate investor based in Winnipeg.\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Shindleman headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Shindleman.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/comments?post=1985"}],"version-history":[{"count":6,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1985\/revisions"}],"predecessor-version":[{"id":2011,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1985\/revisions\/2011"}],"wp:attachment":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/media?parent=1985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/categories?post=1985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/tags?post=1985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}