Housing key to massive new Calgary development

December 06, 2019

Alberta’s Tsuut’ina First Nation and a private developer have started the largest First Nation real estate projects in North America on a 1,200-acre site on the southwestern border of Calgary.
Developer Canderel MDC Development Management Inc.,  is working with Tsuut’ina, breaking ground this autumn on the first phase of Taza, which will eventually include 6,500 homes and more than 25 million square feet of commercial real estate, mostly big-box retail, shopping plazas and hotels. Total cost of the decades-long build out is estimated at $4.5 billion by Alberta Major Projects.
Work is now progressing on the first phase—a 45-acre mixed-use commercial project with the Shops of Buffalo Run, anchored by a 150,000-square-foot Costco that is already under construction. Costco was announced as the anchor tenant on October 23.