Vancouver’s Anthem Properties acquires former CBC Calgary building for $12M

Western Investor

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1724 Westmount Boulevard. Google Maps

Vancouver-based Anthem Properties has acquired the former headquarters of CBC/Radio-Canada Calgary for redevelopment into multi-family homes.

The 2.43-acre site at 1724 Westmount Boulevard was purchased by Anthem for $12 million, following CBC’s move to 1000 Veterans Place last fall after six decades at the Westmount location. The developer has plans to create an 84-unit, three-storey townhouse community of two- and three-bedroom suites.

“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,” says Eric Carlson, CEO of Anthem. “Anthem is committed to Calgary as a core market for its diversified portfolio of residential and commercial properties.”

Anthem Properties currently manages 11,000 residential units across Canada, with a total commercial and residential portfolio value of approximately $5 million.

Anthem submitted its land use and development permit application to the City of Calgary in June 2018. If approved, construction could begin by spring 2019.

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