Parker: New president of U of C Properties Group desperate to broaden daring imaginative and prescient for city Calgary

Calgarian Novy Cheema took his undergrad diploma on the U of C’s Haskayne College of Enterprise, after which went to the College of Alberta to earn his bachelor of legal guidelines

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Novy Cheema has been appointed president and CEO of College of Calgary Properties Group (UCPG). Formally starting his new position Jan. 29, he’ll take over from Gregg Callander, who has served as interim president and CEO since March when James Robertson resigned to affix Taza Developments.

Calgarian Cheema took his undergrad diploma on the U of C’s Haskayne College of Enterprise, after which went to the College of Alberta to earn his bachelor of legal guidelines.

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Cheema has greater than 15 years of expertise working in actual property and growth, early on specializing in industrial actual property legislation and monetary companies with the authorized agency McMillan LLP. Eight years in the past he joined Gracorp Properties, a subsidiary of the Graham Group, one in every of Canada’s largest development firms, as its vice-president of actual property for Alberta.

Among the many tasks he was concerned with are the Poplar Centre — a 70,000-square-foot heath and wellness hub of medical, skilled and retail areas on Macleod Path simply south of Chinook Centre — and the 1.2-million-square-foot Tsawwassen Mills purchasing centre in Delta, B.C.

Cheema is aware of UCPG nicely, as Gracorp has been a serious developer in its College District. The corporate was an early residential builder with Aria, offering 286, 100 per cent leased rental residences, and providing its residents 22,000 sq. ft of landscaped courtyard with grilling stations, pickleball and bocce ball courts, and a fenced in pet playground.

Block 15 is one other residential advanced of 303 models, nearing development completion with a surprising rooftop courtyard. One other 330-unit constructing is deliberate south of Aria.

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UCPG was created by the College of Calgary to supervise the event and administration of college land tasks, creating superb locations for individuals to thrive. Its present tasks embody College District and College Innovation Quarter (UIQ), north of the college throughout 32nd Avenue N.W.

“I’ve at all times been obsessed with creating significant communities that unite aware design with innovation and sustainability,” says Cheema. “It is a distinctive alternative to proceed to develop the visionary and award-winning neighborhood of College District, in addition to lead the subsequent part of Innovation Quarter. I’m grateful for the unimaginable achievements this staff has remodeled the previous a number of years and I’m wanting ahead to a continued shiny future at UCPG.”

UIQ is within the grasp strategy planning stage and designs are anticipated to be accessible subsequent yr.

College District has been acknowledged with quite a few awards, together with 2022 nationwide winner of the Canadian House Builders’ Affiliation Award for Finest Rising Group. It’s a complete 200-acre growth with a daring new imaginative and prescient for city Calgary.

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In addition to the Gracorp developments, Properties by Avi has 162 models beneath development in its Autumn residences above 23,000 sq. ft of retail alongside College Avenue. Close by is Forge residences by Vivenda Group, and Rohit Properties has 66 stacked townhomes and 135 condos at Dean’s Touchdown beneath development beside North Park.

Cheema says he expects to see extra residential tasks launched subsequent yr by Jayman Constructed and Crystal Creek Properties.

Excessive Road continues to welcome new retailers, and the 155-room Alt Resort just lately opened.

He’s enthusiastic about his new process. UCPG board chair Murray Fox says: “Welcoming Cheema to the staff together with his intensive background in each actual property legislation and growth can be useful to the group as we proceed to maneuver our tasks ahead into the subsequent stage of growth. We’re additionally blissful to welcome him again as a proud alumnus of the Haskayne College of Enterprise, and assured his contributions to this integral management position will carry unparalleled worth to our developments.

Notes;

Adam Pekarsky informs me that not solely will he be shifting Pekarsky & Co. from its places of work within the outdated Alberta Resort constructing on 8th Avenue S.W. to the Le Germain workplace tower, he’s additionally altering the agency’s title. Pekarsky & Co. has merged with Humanis Expertise Acquisition & Advisory, based mostly in Edmonton. The official launch will happen early in 2024 when the brand new mixed agency can be generally known as Humanis — we all know individuals.

David Parker seems usually within the Herald. Learn his columns on-line at calgaryherald.com/enterprise. He could be reached at 403-830-4622 or by e mail at [email protected]

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