Community showcases "new urbanism" with design
input from movement's 'father'
CALGARY, AB, July 30, 2020 /CNW/ - The visionaries
behind some of Canada's most
vibrant and transformative mixed-use communities, including
Toronto's popular Distillery
District, broke ground today on what will be another signature
property in Dream Unlimited's (TSX: DRM) asset portfolio.
The projected $2.5-billion Alpine
Park, more than two decades in the making, has moved forward on the
heels of the province's recent announcement awarding the final
construction contract for completion of the last leg of
Calgary's Ring Road. The Southwest
Calgary Ring Road is the pivotal access needed for the project, as
it borders approximately two kilometres of Dream's frontage lands
that will define the city's new west.
The project is a brand-new 646-acre, next-generation greenfield
development that will be on the forefront of the new urbanism
movement in Calgary. It is
expected to create 1,700 direct and indirect jobs per year, for a
total of more than 20,000 new jobs over the 15-year lifespan of the
project. Upon completion, the community will be home to more than
10,000 residents, and will create 4,000 ongoing jobs throughout the
commercial, retail, industrial and institutional areas integrated
within the neighbourhood, according to company projections.
"We started assembling this development in 1997 and today, 23
years later, we are proud to commence development of this
exceptional project," said Michael
Cooper, Chief Responsible Officer of Dream
Unlimited.
"Alpine Park is among some of our most prestigious mixed-use
communities, along with The Distillery District and Canary District
in Toronto and Zibi in
Ottawa. We strive to build
communities that help make peoples' lives better."
The neighbourhood will be unlike anything the city has so far
seen from its suburbs – which have historically been known for
their car-dominant designs rather than being built for pedestrians.
Nearly all future residents within the first 476-acre community
will live within an eight-minute walk along wide, tree-lined
boulevards to the Village Centre. Garages have all been designed to
be accessed from the side or back alleys, making way for the return
of old-fashioned front porches that allow people to connect with
each other and nature.
"With the upcoming opening of the Calgary Ring Road, Alpine Park
is well located and easily accessible to the whole city," said
Tara Steell, general manager of
Dream's Calgary Land division.
"We have spent many years designing the best community we can,
and Dream is thrilled to continue its long history of investing and
building in Calgary."
The vision for Alpine Park was shaped in collaboration with none
other than Peter Calthorpe's
HDR/Calthorpe, widely considered one of the founding fathers of the
new urbanism movement. His work includes major projects in
the United States and abroad, but
Alpine Park will be the first master planned community he's been
involved with in Canada to break
ground. Civitas is another partner, who is known to Calgarians for
its work on St. Patrick's Island. Both firms are leading thinkers
in master planning and landscape architecture.
Dream also announced Alpine Park's founding builder partner
group, which was awarded following an extensive selection process.
The builders in the group are: Calbridge Homes, Cardel Homes, Genesis Builders, and Homes by
Dream.
For more information on Alpine Park, please visit
alpinepark.ca or follow @alpineparkcalgary on Instagram.
About Dream:
Dream is one of Canada's
leading real estate companies with approximately $9 billion of assets under management in
North America and Europe. Across the Dream platform there are
approximately 12,300 units for development and over 9,100
acres of development land in Western
Canada. The scope of the business includes residential land
development, housing and condominium development, retail and
commercial development, asset management for three TSX-listed
trusts and commercial property ownership. Dream has an established
track record for being innovative and for its ability to source,
structure and execute on compelling investment opportunities. Dream
has also developed some of Calgary's more popular communities, including
Richmond Hill, EvansRidge and
Wentworth.
SOURCE Dream