cSPACE receives $1m from Province and announces new development partners
A new funding contribution of $1 million from The Province of Alberta’s Ministry of Culture and Tourism will go towards cSPACE’s $29.5-million arts and community hub at the former King Edward School in South Calgary. Alberta Culture and Tourism Minister Maureen Kubinec (MLA Barrhead-Morinville-Westlock) and Education Minister Gordon Dirks (MLA Calgary-Elbow) announced the funding earlier today. cSPACE was also pleased to welcome Calgary-based developers Rockwood Custom Homes and Section23 Group as partners in the residential portion of the block.
cSPACE is redeveloping a three-acre, inner-city site that includes a 45,000-sq.-ft. former sandstone school built in 1912. At the heart of this distinctive new residential development, the LEED Gold facility will become a mixed-use, multi-tenant arts and community hub in 2016.
“We are proud to support cSPACE, The Calgary Foundation and the City of Calgary in the renovation of King Edward School. The project not only preserves an important part of Calgary’s past, the repurposed space will support a bright, sustainable future for Calgary’s cultural community,” says Maureen Kubinec, Minister of Culture and Tourism.
“We are very excited by how the King Edward project will act to integrate and imbed an arts and culture component within the community of South Calgary. We see our involvement in this project as a unique opportunity to create extraordinary value—not only for those becoming owners or tenants in the residential elements of the project, but also the wider community,” says Section23’s Executive Chairman, Robert Ollerenshaw.
“The history and legacy of our firm emphasizes the principles of wellness, education, and life-long learning, and we see the King Edward project as a tremendous fit with those principles—particularly in the context of a seniors’ development,” Ollerenshaw adds.
Grainger Nimmo, Partner of Rockwood Custom Homes echoed this confidence in cSPACE’s vision: “We are thrilled to partner with cSPACE on this unique project—a legacy community in what’s sure to be one of Calgary’s premiere arts and cultural hubs.”
President of Rockwood, Allison Grafton, added, “The opportunity for Rockwood to take part in Calgary’s first master-planned, arts-based community is very exciting. Our vision is to create exclusive luxury flats—the Residences of King Edward—that honour the historic site while introducing modern elements that blend seamlessly with the rest of the cSPACE vision for the development.”
Including the proceeds from the sale of land and substantial donations from both developers, cSPACE has raised $24 million of the project’s $29.5-million budget. In addition to over $8 million of early support by the City of Calgary, Calgary Arts Development and The Calgary Foundation, the Province’s contribution to date of $4.65 million has provided a solid foundation for investing in our city’s creative talent.
About Section23 Group
Section23 Group is a Calgary-based business dating back to the early 1900s, grounded in ranching and farming activities on the SE Calgary lands of the Ollerenshaw family. Over the past 20-plus years, the business and land holdings have transitioned from those traditional roots towards the fields of residential architecture and suburban land development, with more recent initiatives focused upon inner-city residential and commercial redevelopment.
Founded in 2009 in Calgary, Alberta, Rockwood Custom Homes is an award-winning, boutique luxury home construction and renovation company that provides a full suite of architectural, construction and interior design services to a discriminating client-base.