WAM Development Group and Alberta Investment Management Corporation have unveiled plans for a new retail, office, industrial and hospitality development in northeast Calgary. Called StoneGate Landing, it will be the largest commercial development of its kind in Western Canada. The entire site spans more than 1,100 acres and will feature StoneGate Industrial, StoneGate Corporate Centre and StoneGate Common.
StoneGate Industrial is a 10 million-square-foot light industrial park with industrial buildings varying between 26 and 34 feet clear height with ample shipping doors on sites designed for high volume shipping and receiving. StoneGate Corporate Centre is a 2 million-square-foot suburban office park with low and mid-rise buildings within a campus setting. StoneGate Common is a 1.5-million-square-foot retail development featuring hotels, restaurants, large format retailers, and smaller scale fashion and leisure outlets within an open air pedestrian centre.
To accommodate population growth in the area, developers will commence construction for new residential developments east of StoneGate Landing beginning summer of 2008. The first show home is planned to open in the summer of 2009. The projected $3 billion development is expected to be completed by 2016.
“Designed to accommodate existing and future growth needs as the population expands and moves to the outskirts of Calgary, StoneGate Landing provides residents shopping amenities, entertainment venues, hospitality services, office space and an industrial park — basically a one-stop service convenience,” said Darren Durstling, partner, WAM Development Group.