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Harrison Street and its partner Gracorp Properties are launching the development of a 645-unit student and working professional housing project in Calgary’s University District, its third investment in the neighbourhood.
Named Block 22, ground has just been broken at the site and completion of the 12-storey building is scheduled for August 2027, in time for the start of the 2027-28 academic year.
Harrison Street, which is based in Chicago, is partnering for a second time in the city with Vancouver-based developer Gracorp, with which it has already collaborated for the 440-bed Encore project in the University District.
Parties
Company
Harrison Street
Company
Gracorp Properties
Deal Type
Financing/InvestmentIndustry
InfrastructureTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
21 October 2024