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Two more parcels of land, which are expected to host two new residential towers, have been bought by a developer, the City of Calgary said Monday.
The Calgary Municipal Land Corporation (CMLC) says Bankside Properties bought two parcels of land just east of the Central Library with the intent to build two six-storey residential buildings.
Each one will contain 80 rental units consisting of one-bedroom, one-bedroom-plus-den and two-bedroom apartments.
“As steward of the East Village Master Plan, CMLC continues to seek out developers whose ambitions, expertise and projects align with our vision for a vibrant, diverse downtown community,” said Kate Thompson, CMLC’s president and CEO, in a news release.
“Bankside brings exceptional experience in urban mixed-use development to the neighbourhood.”
With the Bankside purchases, 10 CMLC-owned residential development sales have taken place in the East …
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