Investment Watch: New Horizon Mall
Condominium Retail Comes to Calgary’s North End
CALGARY – Offering a mix of commercial retail spaces, food options, and entertainment venues, north Calgary’s upcoming New Horizon Mall is poised to be one of Canada’s most ambitious multicultural shopping centres since the opening of Markham’s own Pacific Mall almost 20 years ago.
This past Tuesday, Living Realty Inc. Brokerage’s broker team had the privilege of unveiling this exciting project to an enthusiastic audience of the top real estate brokers in York Region. This exciting project’s sales exhibition launches in four cities simultaneously – Calgary, Edmonton, Toronto and Vancouver – on the weekend of October 26th and 27th.
New Horizon Mall will boast more than 500 commercial condominiums, ranging from 285 square feet to 855 square feet. Starting at just $169,800, these units represent a tailor-made opportunity for an individual investor looking to diversify his or her portfolio, or for store owners and operators who wish to stop paying rent and start paying themselves.
The mall’s open-concept-style design will bring a fresh shopping experience to Calgary’s increasingly metropolitan northeast neighbourhood, right across from another established and successful retail destination at Crossiron Mills. Aiming to become a multipurpose centre for families from all cultures, New Horizon Mall will include:
- Not just one, but two entertainment venues – a main stage on the lower level and a traditional Chinese stage on the second storey.
- Progressive, open-concept design including up to 320 square feet of display windows per store.
- A broad mix of retail opportunities and spaces for fashion, health, electronics, giftware, food, and more.
- A large, brightly-lit central atrium.
With an increasingly affluent and multicultural population of approximately 1,150,000, the City of Calgary represents a prime opportunity for GTA-based individual investors – especially considering that, unlike Ontario, Alberta does not implement a Land Transfer Tax (LTT) for property purchases.
Currently, New Horizon Mall represents the only opportunity for individual investors to acquire ownership in a major Calgary mall. There is growing demand for retail space in the area surrounding New Horizon Mall’s plot of land – representing the potential for considerable capital gains upon eventually selling the property and/or the business.
Furthermore, the New Horizon Mall is being designed and carried out by two of North America’s leading developers: The Torgan Group and The MPI Group, who have collectively developed hundreds of properties over three decades.
Those who become early investors on this project will be able to take advantage of not only special pre-construction pricing, but also the best selection of premium units within New Horizon Mall. For more information on pricing, layout or registration, we invite you to contact Living Realty today – we would be happy to put you in touch with a member of our dedicated New Horizon Mall sales team.
Investors please note: The exhibition date for the start of these sales is October 26th-27th. The space for this special event is limited, so potential buyers are encouraged to contact Living Realty as soon as possible in order to confirm a spot and register.