+ Hudson’s Bay Co. agreed to sell its downtown Toronto flagship store and adjacent tower to Cadillac Fairview Corp. for $650 million
+ luxury designer outlet centre under construction; Vancouver International Airport – 30 acre site development is partnership between Vancouver Airport Authority and McArthurGlen Group, 35,000 sq. m. of luxury, designer and lifestyle retail on the northeast corner of Sea Island near the Templeton Canada Line station; scheduled opening Spring 2015
+ Ivanhoé Cambridge's Tsawwassen Mills and Property Development Group's Tsawwassen Commons – being constructed on Tsawwassen First Nation Lands; Ivanhoé Cambridge's Tsawwassen Mills will include approximately 111,500 m2 (1.2 million ft2) of retail, with 16 anchors, a unique mix of premium fashion brands, factory outlets, restaurants and first to market retailers, as well as a 1,100-seat food court. The development will be modelled on the successful CrossIron Mills in Calgary and Vaughan Mills in Toronto; Property Development Group's Tsawwassen Commons will provide 51,000 m2 (550,000 ft2) of outdoor retail space and will include a quality blend of national, regional and independent retailers, restaurants and financial services. Both projects to start construction in 2016
+ also in Vancouver, Credit Suisse Real Estate Asset Management are developing a $200 million, 31 storey office tower to be called The Exchange – they are aiming for LEED Platinum designation, to be completed in 2016
FACILITYCalgary current week data
refreshed every Tuesday morning
CONVERSATIONS
Mark Kolke interviews interesting Calgarians - to catch a glimpse of what drives them, how they see the world and what they see in Calgary's future:
This week's conversation with Kevin Phone , Vice-President at Premiere Van Lines
Last week's conversation with Shauna MacDonald , Principal at Brookline Public
+ Government of Alberta announced it will modernize 18 schools; 9 in Edmonton, 9 in Calgary; timing and budget not announced
+ McCall Lake Golf Course, slated for closure at end of 2014 season, will not close until end of 2015 season – or later. Planning work by the City of Calgary for industrial re-development of the McCallLake lands continues
KUDOS
+ to PSAC (Petroleum Services Association of Canada) – sponsors of the 2014 STARS & Spurs Gala – raised $1.1 million for STARS (Shock Trauma Air Rescue Society)
+ to Wayne Chiu (Trico Homes) for his $3 million donation to BowValleyCollege – they now have a ‘ChiuSchool of Business’
QUOTES
“Life is hard. Then you die. Then they throw dirt in your face. Then he worms eat you. Be grateful it happens in that order.” – David Gerrold
“Every man must do two things alone; he must do his own believing and his own dying.” – Martin Luther
