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Triple Creek, Elbow Valley

A parcel of 155 acres that will be serviced and zoned for residential use. 115 acres to be assigned for single family lots, 35 acres for multi-family lots and the remaining five will be used for commercial development. Plans are in place to use the existing waterways to enhance the project and create unique recreational facilities for the sub-division. Located south west of Calgary, the parcel has access to several major thoroughfares and the commute into the city is 30 minutes.

Calgary’s strong economics and huge influx of new residents places a significant premium on the need for real estate options. This site will provide much needed inventory of serviced lots which are in high demand in this area.

Jawad Rathore, President & CEO Fortress Real Developments

Project Updates

July, 2017

The development team at Fortress is working with development planning and engineering consultants with the goal of refining the low-rise development concept. The development team continues to have dialogue with the County of Rockyview on potential development design concepts.

April, 2017

Fortress has begun working with a development manager based in Alberta. Fortress continues to work towards the closing of the subject lands. The development team has started engaging development planning and engineering consultants with the goal of refining the low-rise development concept prior to any potential submission to the County of Rockyview

January, 2017

Fortress is in the late stages on finalizing an agreement with a development manager in Alberta. An announcement on the securing of the agreement is expected in early 2017. Fortress continues to work towards closing of the property. The development team is in place and work has commenced on the low-rise development concept.

October, 2016

Fortress successfully secured the site through the Alberta courts over the summer months. The development team is already in place to begin working on the low-rise development.

July, 2016

The legal process to take full control of the project is underway, and Fortress has been working with the existing lender to accomplish the takeover. Once this is complete, Fortress is prepared with a plan and a team in place to move a low-rise development forward.

January, 2016

A local engineering and planning team at Dillon Consulting is working with the team on updated plans and servicing proposals to initiate land-use approvals. The product type and development scheme will provide a better fit for marketing purposes when the lots go on sale.

July, 2015

The Fortress Stakeholder team is evaluating the current proposed plan to determine if this project will require any re-design to potentially reduce density and offer larger estate lots ranging from 1.5 to 2 acres. This plan would also promote the use of well and septic for the servicing and be less dependent on municipal timelines for sewer and water allocation. The team has been preparing a new plan that can be put into motion this fall.

April, 2015

This servicing project continues to go through the development planning process. In year three of a five-year plan, the development team is working with the different sectors involved in bringing this master planned community to life.

January, 2015

The project team is currently working toward zoning approvals for the project, which is a large, low-rise master planned community.

July, 2014

The draft plan was submitted for this project towards the end of last year. The team has received comments and is working on revisions based on the feedback. Planning will continue through the summer. The Calgary market remains one of the hottest in the country and that continues to build value for this project.

December, 2013

As planning continues and servicing contracts are being evaluated, there has been plenty of positive news on the strength of the Calgary real estate market and the future of this growing city. Recently an article in the Calgary Herald talked about the ring road that is planned to run past our site. The article quoted a report released this year by the Real Estate Investment Network, stating overall transportation improvements in the city will deliver a 10-20 per cent enhancement of real estate values in the regions most affected.

September, 2013

It was recently announced that Alberta’s population will reach 4 million in 2013. This statistic continues to show the strength in that market and Triple Creek is a project that will benefit heavily from this population growth. The development team continues to review servicing bids for the project. Marketing concepts and plans are also being finalized this year.