Homburg Invest Inc. has announced that the company has entered into an unconditional purchase contract for 140 acres of prime development land in the north Calgary annexation zone. The project will be developed and constructed for Homburg Invest Inc. by Homburg -Centron Teamworks.
This acquisition further solidifies Homburg Invest Inc.'s position in the thriving Alberta and Calgary economy as well as the robust housing market.
The land is located on a future key artery and intersection. The development will consist of single and multi-family residential, and a large commercial retail component. It is estimated there will be 36 acres or 460,000 ft² of retail, 500 single family homes, and 1350 multi-family homes.
Source: Homburg Invest