Monday, January 26, 2015

The Hat Project

Conceptual Image of "The Hat Project"
The Hat Project is the latest development that is coming to the ever-growing East Village; it is a one-of-a-kind project in this neighbourhood as it is a residential - rental development, coming to us by Cidex Homes.

Cidex Group of Companies specializes in rental units and have many projects throughout the the City of Calgary, including in Westgate and in the Beltline.

This development will include commercial facilities on the ground floor, however it will mainly be for the purpose of temporary residence for those interested in living close to the river, the LRT and all the new retail and culinary centres that are coming to the neighbourhood.

 "The Hat Project" will be a 28-storey building, totaling 236,000 Sq.Ft. Total of 221 units which include 1, 2 and 3-bedroom units, ranging from 6,000 to 11,000 Sq.Ft. Individuals, as well as families, are welcome to enjoy this new development as well as the parking, day care, gym and rooftop patio that will be available for all residents.

Abed Itani, president of Cidex Homes, says the company is thrilled to bring their know-how to the East Village community, as they "understand what it takes to design, contrast, market and manage" a residential, rental project. Mr. Itani mentioned how he has been following the progress of the neighbourhood for the last 4-5 years and how excited he is to be a part this growing community.

The value of this building is estimated at $100M and is located at Block R - the southeast corner of 7th Avenue and 5th Street SE. Currently the project is on hold until permit has been obtained; once construction starts the project is predicted to take 26 months.

Cidex Homes; Home Page

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