Calgary Stampede announces key development partnership
Calgary – The Calgary Stampede today announced it has struck an exclusive agreement with Alberta Development Partners to explore the development of a main street retail zone at Stampede Park. Alberta Development Partners is a Colorado-based real estate firm specializing in the development of large-scale, mixed-use retail projects.
“The development of a main street retail area is a key piece of our vision of transforming Stampede Park into a year-round destination for Calgarians and visitors,” says Doug Armitage, vice-president of business development, Calgary Stampede. “We are excited to explore the possibilities for this project with Alberta Development Partners, which has an impressive track record for these types of projects.”
The main street concept is envisioned to be a vibrant and attractive retail area that welcomes local and international visitors throughout the year with markets, shops, restaurants and other amenities. Stampede main street will be located between 12th Avenue and 14th Avenue S.E. along Olympic Way S.E.
“Our team is honored to have been selected by the Calgary Stampede to be part of this process in exploring the development of a retail area at Stampede Park,” said Don Provost, principal, Alberta Development Partners. “We look forward to partnering with the Stampede to create a destination that Calgarians and visitors from around the world will enjoy for years to come.”
Alberta Development Partners, along with Rencor Developments Inc, Calgary, Alta. and Thomas Consultants, Vancouver, BC, are leading the development team, which also includes Communication Arts, Boulder, Colo. and Cohos Evamy, Calgary, Alta.
The Calgary Stampede is a volunteer-supported, not-for-profit community organization that preserves and promotes western heritage and values. The Stampede contributes to the quality of life in Calgary and southern Alberta through its world-renowned 10-day Calgary Stampede, year-round facilities, products and services, and agricultural programs that foster understanding of the agricultural industry. All revenue generated is reinvested into Calgary Stampede programs and facilities.
Alberta Development Partners, LLC is engaged in the acquisition, development and investment of retail, mixed-use and residential real estate opportunities located throughout the western United States. In total, Alberta and its principals have completed in excess of 220 projects with combined value of more that $1.5 billion. In combination with the projects currently underway, Alberta has developed in excess of twelve million square feet of retail, office and residential space.