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Originally Posted by logan5
Never noticed this part of Calgary before. 11 ave se definitely has the possibility to be the centrepiece of a good urban neighbourhood similar to Yaletown. I presume development in this area is rolling along just as fast or faster than the much hyped east village.
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Redevelopment in the East Beltline started ahead of East Village with Arriva (construction timeline 2005-2007) and the Cowboys Casino (2008) but the recession bankrupted Torode and put a halt on the second and third Arriva towers (which are now Guardian) and the Stampede may or may not build any other parts of their current expansion plan before they eventually go back to the drawing board. There are a handful of properties in the area that have proposals -- a hotel and a Brad Lamb project -- but they are several years off from any sort of construction start if they ever get there. A Calgary Transit Maintenance Facility also takes up a lot of valuable land in the area and it has hindered development. Additionally, there were some additions to the warehouse district along the tracks -- including a new police district office that mimics the buildings around it.
At the same time that things were slowing down south of the tracks, things were heating up in East Village. In 2007 the City created the Calgary Municipal Land Corporation (CMLC) to oversee East Village redevelopment, and in 2008 the City created the Rivers District plan and assigned a Community Revitalization Levy (a TIF) to finance it. The City gave CMLC about $300 Million and the organization spent a few years raising the floodplain, creating new streets and sidewalks, improving lighting standards and street furniture, building out the riverwalk, and courting developers. This is the ONLY area of Calgary to receive such a concerted effort, and the results speak for themselves -- East Village IS ON FIRE. It helps that there are hundreds of millions of dollars flowing into the area for public buildings besides the money already spent on infrastructure.
Overall, I would say that East Village is well ahead in the game right now -- but East Beltline has more long-term potential as a mixed-use area and will have a much larger population at build-out.