Anthem United and its partners have acquired a 50% interest in an 836-acre residential development in Northwest Calgary, Alberta, which they will develop as a joint venture with the Ronmor Group, the owner of the remaining 50%.
Currently known as Glacier Ridge, the future master planned community will include approximately 4,135 single family homes, 87 acres of multifamily and commercial land, and over 200 acres of environmental reserves, municipal reserves, and open space connected by a network of pathways and trails. Construction is scheduled to start in Spring 2021, with showhomes by Shane Homes, Jayman Built, Morrison Homes, Trico Homes, and Cedarglen Homes opening in Spring 2022.
The Glacier Ridge lands are located within the westerly portion of the Glacier Ridge Area Structure Plan, along the West Nose Creek tributary, offering convenient access to Calgary’s Ring Road and close proximity to existing local services and amenities.
“As one of the largest master planned communities in Northwest Calgary, Glacier Ridge will be a flagship project for Anthem,” said Anthem United’s CEO, Eric Carlson. “This investment reflects Anthem’s belief in and commitment to Calgary as a robust, growing, and awesome Canadian city. Glacier Ridge is in a highly sought-after residential growth corridor and will accommodate a sizeable share of this growth.”
Anthem United and Ronmor have previously partnered on successful community developments including Silverado, Cougar Ridge and the adjacent communities of Nolan Hill and Sage Hill. This newest project fits well into both companies’ visions for vibrant and innovative space.