An exciting new project taking shape in one of the most coveted neighbourhoods in Calgary has presented savvy Albertans with a unique investment opportunity.

4th Street Centre, a beautiful mixed-use building to be erected at the corner of 20th Avenue and 4th Street S.W., has already generated enormous demand for its retail and office space.

“All 16,500 sq. ft. of the main-floor retail space has been reserved and/or leased, we’ve got a huge surplus in demand for the 25,500 sq. ft. of commercial space, and 20 of the 65 condos have already been snapped up by investors in the project,” says Kirk Lively, director of Ingersoll 10 Development Corporation.

Ingersoll 10's Kirk Lively, left, and Frank Klaasen have hit a home run with the 4th Sreet Centre development.

The project’s location in the trendy 4th Street shopping district is one of many reasons for the huge demand.

“Once in a while, you hit a home run where everything comes together at the right time to make a project successful, and that’s what’s happening with 4th Street Centre,” explains Lively.

“You simply can’t beat the location – it’s a beautiful district with some of the most intriguing boutiques and hottest restaurants – and, along with renowned architect Dan Jenkins, we’ve really gone the extra mile in the design.”

Indeed, the Ingersoll team researched the area extensively to ensure the project’s design fits in perfectly with the feel of the surrounding community.

“We’ve spent a lot of extra time examining architecture in the neighbourhood, and the sandstone exterior with an art-deco flavour is going to be a big hit,” says Lively. “4th Street Centre will fit in perfectly with existing structures such as the Tivoli Theatre.

“Add in the sharp contemporary interior design and you’ve got idyllic inner-city living.

“Then there’s the properties themselves. The third-floor units have private courtyards overlooking 4th Street – can’t wait for summer!”

The lifestyle benefits connected with owning a 4th Street Centre condo, priced competitively, are considerable. A short walk to work downtown is becoming increasingly desirable as Calgary’s traffic headaches grow.

“A lot of people are coming in for the lifestyle,” says Lively. “People don’t want to spend 90 minutes a day in traffic going to and from work.”

For a limited time, Ingersoll is welcoming to the fold a few savvy people with an appreciation for a secured RRSP-eligible investment in a high-quality, inner-city project.

The debenture, which features a 16-per-cent return per annum through subordinated mortgage, has been prepared by Bennett Jones LLP. Valiant Trust Corp. will represent the debenture holders.

“I knew we had something special here, but the response from the investment community has been overwhelming,” says Lively.

“We’re going to wrap up the financing soon, and move to the next phase.”

The investors will have the first opportunity to own a condo in this prized development.

“We’re definitely looking for the intelligent investor who will look at this as an ongoing investment strategy,” says Ingersoll president Frank Klaassen.

“Investors receive their investment back in full – plus their return on investment – at the end of each project and have the ability to re-invest in future projects.

“The idea is to assemble a group of people who can appreciate the tremendous upside of real estate investing while enjoying a secure investment in a well-managed project in Canada’s most vibrant economy.

“We have other prime land secured for future developments, and we feel the success of 4th Street Centre can be duplicated.

“We want to develop relationships with investors, based on a long-term focus. And it’s not just about making money; it’s about building marquee projects that stand the test of time. We call it sustainable wealth.”

The fact that the project is located in a high-end inner-city community certainly reduces risk, as even in times of economic turmoil, real estate properties in those communities have retained their value.

“We can never say there’s no risk,” says Klaassen, “but we’ve taken a common-sense approach in developing a project that will work for everyone.

“Whether it’s from the perspective of an investor, a resident, an office worker or a retail store owner, 4th Street Centre is designed to be a winner for everyone.”

For more information on the 4th Street Centre investment opportunity, call Kirk at 403.514.0000, ext. 4