Premium new rental project breaks ground in Calgary’s Beltline
GWL Realty Advisors (GWLRA) celebrated the ground-breaking of a new rental tower at 1405 4th Street SW in Calgary’s Beltline district. With occupancy targeted for mid-2028, the 24-storey tower will bring 219 rental units to market along with and a vibrant ground-level retail area, contributing to the revitalization of one of Calgary’s most dynamic neighbourhoods.
“Projects like this show confidence in Calgary’s urban core and align with our goals for density, sustainability, and vibrant, livable communities,” said Mayor Jyoti Gondek who attended the June 12th ceremony. “We welcome GWL Realty Advisors’ investment and look forward to seeing this new development take shape in the heart of our city.”
Developed on behalf of The Canada Life Assurance Company, the property will be allocated as an investment to the Canada Life participating and non-participating life insurance accounts. Construction will begin immediately and is expected to be completed within 36 months.
“This new development represents our continued commitment to building high-quality rental communities in Canada’s top urban markets,” added Glenn Way, President, GWL Realty Advisors. “With its prime location, premium amenities, and our long-term approach to investing, we are excited to play an active role in shaping Calgary’s future and contribute to establishing the Beltline as a premier residential neighbourhood.”
The project reflects GWLRA’s vision of creating boutique, hospitality-inspired rental communities in exceptional locations. Designed to maximize livability, the building will feature open-concept layouts, plenty of natural light, modern finishes, and numerous amenities, including a fitness centre, social lounge, co-working spaces, rooftop dining and pet-friendly facilities, such as a dog run and pet wash.
GWLRA has an active pipeline of nearly 3,500 residential units across the country in various stages of planning, pre-development, or development. Since 2020, the company has added over 1,500 rental units in key markets, demonstrating its commitment to enhancing urban living through thoughtful development.
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