Anthem Properties Group has announced its acquisition of a 2.43 acre parcel in Calgary’s Hillhurst-Sunnyside neighbourhood, the former site of national public broadcaster CBC/Radio-Canada.
Anthem – which has already developed residential, commercial, and retail projects with an aggregate value of approximately $5 billion – also announced that it will be redeveloping the area into a townhouse community.
As of press time, Anthem is still in the approval process with the City of Calgary.
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The radio facility in the newly acquired 1724 Westmount Boulevard operated for nearly 6 decades before the broadcaster moved its operations to a new location last fall.
“We are pleased with the acquisition of the former CBC/Radio-Canada site and our proposal to develop high quality townhomes in the Hillhurst-Sunnyside neighborhood,” Anthem CEO Eric Carlson said.
“Anthem is committed to Calgary as a core market for its diversified portfolio of residential and commercial properties. We see Alberta as a strong alternative to Toronto and Vancouver for businesses and families.”
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Ephraim is currently a journalist at Mortgage Broker News, Real Estate Professional and Canadian Real Estate Wealth.
Ephraim is a highly accomplished news reporter whose work has been published across North America and the Asia Pacific region. Before joining Key Media, Ephraim spent eight years working as a journalist with Reuters TV. His areas of expertise include real estate, mortgage, and finance.
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