Bankside Properties and Sumus Property Group are pleased to announce the acquisition of the 6-acre Riley Park Village site at 1402 8 Avenue NW in Calgary’s Hillhurst neighbourhood for $38.1 million. The property is surrounded by park space and is steps from two post-secondary institutions (Southern Alberta Institute of Technology (SAIT) & Alberta University of the Arts , as well as the Kensington Village shopping district. The site will be transformed into a pedestrian-focused, mixed-use urban village. Integrating with the natural landscape, the proposed plan will deliver high-quality housing, as well as unique gathering spaces and ground level retail. Construction of Phase 1 is set to begin in 2026, continuing both firms' commitment to fostering innovative, vibrant communities. This marks a second significant Calgary acquisition in recent months, as highlighted by the Calgary Municipal Land Corporation following the purchase of two East Village development parcels earlier this year. These combined efforts underline the commitment of Sumus and Bankside to Calgary's thriving real estate landscape, showcasing strategic investments that align with the city’s economic growth and growing population. The support and assistance from Northwest Healthcare Properties REIT, the former owner, along with the expertise of NAI Advent and Goodman Commercial Inc., have been instrumental in brokering this exciting transaction. #industrialprojects #communityimprovement #realestate #lethbridge #yql #moversandshakers #businessgrowth #realestatefund #investing #entrepreneur #industrialrealestate #commercialrealestate #residentialrealestate #itsabouttime #justgettingstarted
About us
Sumus is a platform for building community wealth. Creating partnerships that foster connected, collaborative, and optimistic communities through inspired design, investment growth, and lasting legacy. We are a development and investment company that pushes the envelope on what people expect from their real estate with; • Tenant and space management innovation. • Strategic and diligent execution. • Thoughtful and quality design and materials. • Strong community partnerships. Proving the economic advantage of curated, and long game Investments for investors and the community. Making it easier to invest in the future of real estate.
- Website
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https://www.sumus.ca
External link for Sumus Property Group
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- Lethbridge, Alberta
- Type
- Privately Held
- Founded
- 2018
- Specialties
- Development, Real Estate, Location Strategy, Workplace Solutions, Asset Management, and Investment Management
Locations
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Primary
Get directions
PO Box 932
Lethbridge, Alberta T1J 3Z8, CA
Employees at Sumus Property Group
Updates
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Happy Holidays, Lethbridge! The Sumus offices will be closed from Dec 24 at noon, until Jan 2 while we enjoy the holiday season. From all of us at Sumus, we wish you a Merry Christmas and a Happy New Year! #merrychristmas #happynewyear #happyholidays #lethbridge #yql
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The 2024 Sumus Gingerbread House Champion has been crowned, and the belt has changed hands! Congratulations Rowen, enjoy your reign! Make sure to scroll through the pictures to see the crazy amazing competition that Rowen was able to overcome. #gingerbreadhouse #champion #2024 #lethbridge #yql
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The sign is installed and the finishing touches are being made at Pickle Point - the ultimate destination for pickleball enthusiasts. Make sure to stop by for their open house this Sunday, Dec 8, from 9am to 3pm at 1820 31st North. For more info on Pickle Point, check out picklepointcentre.com Visit sumus.ca for more info on Sumus, our properties, and our projects. #industrialprojects #communityimprovement #realestate #lethbridge #yql #moversandshakers #businessgrowth #realestatefund #investing #entrepreneur #industrialrealestate #commercialrealestate #residentialrealestate #itsabouttime #justgettingstarted #picklepoint #pickleball #pickleballlethbridge
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Big things are happening in Calgary and we are excited to partner with Bankside Properties on this new development in Calgary's East Village. Visit sumus.ca for more information on Sumus, our properties, and our projects.
We are excited to announce continued private investment in East Village with the sale of two new CMLC-owned development parcels in 2024, further advancing the master plan vision for this vibrant neighbourhood. These projects, along with development progression on two privately owned parcels, will bring more than 900 new homes to the neighbourhood in the coming years, supporting Calgary’s growing population and demand for housing. Local developer Bankside Properties, in partnership with Sumus Property Group, has purchased two parcels located just east of the Central Library, with plans to build two mirror buildings, standing six storeys tall and offering approximately 80 rental units each, expected to break ground in late 2025. The site of the temporary Bounce Games Park has been conditionally sold to another developer partner, and we anticipate having more details in early 2025. Further north, Trico Homes has submitted a Development Permit for 255 rental units and commercial spaces, including a daycare, at 4 Avenue and Macleod Trail SE. Construction is expected to begin in 2025. Triovest is in pre-application stages for two mixed-use towers north of Studio Bell, with plans for 500 residential units. These new developments, alongside ongoing projects such as Alston Properties’ EV606, which is set to welcome residents to its 44-unit riverfront rental property in Q1 2025, and Bosa Development’s Arris Residences, with approximately 177 condo units already sold, are all contributing to the remarkable transformation of East Village. Read the full release: https://bit.ly/3V3JCkm
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Are you ready to live your story? Stay tuned for more info on Neighbourhood Block, our brand new development coming to Lethbridge in 2026. For more info on NBHD Block, check out nbhdblock.sumus.ca Visit sumus.ca for more info on Sumus, our properties, and our projects. #industrialprojects #communityimprovement #realestate #lethbridge #yql #moversandshakers #businessgrowth #realestatefund #investing #entrepreneur #industrialrealestate #commercialrealestate #residentialrealestate #itsabouttime #justgettingstarted #nbhdblock
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Classic cars and the iconic Post—two timeless treasures that perfectly complement each other! The sleek lines and vintage charm of classic automobiles reflect a golden era of design, just like the breathtaking architecture of the Post Building. We appreciate how these beautifully restored vehicles embrace nostalgia while standing proudly against the backdrop of this historic landmark. Each classic car tells its own story, much like every brick in the Post Building whispers tales from the last century. Thank you to all the classic car owners who came out to be apart of amazing evening at our vibrant new business hub in Downtown Lethbridge! Visit sumus.ca for more info on Sumus, our properties, and our projects. #industrialprojects #communityimprovement #realestate #lethbridge #yql #moversandshakers #businessgrowth #realestatefund #investing #entrepreneur #industrialrealestate #commercialrealestate #residentialrealestate #itsabouttime #justgettingstarted #post #postyql
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We love partnering with local businesses!
Here's a behind the scenes look from yesterday. What a beautiful day for filming! Always excited to be talking about our projects Sumus Property Group and the impacts they are having in the community. Thanks to Coalbanks Creative Inc. for your awesome teamwork and creative approach to everything you do. #communityimprovement #realestate #lethbridge #yql #moversandshakers #businessgrowth #realestatefund #investing #commercialrealestate #justgettingstarted
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Danielle Marcotte has been busy designing a mural for us on the outside of the Arcadium building! Great job, Danielle! Make sure you drop by Warehouse Square (formerly known as Lethbridge Towne Square) and give Arcadium a peek! Visit sumus.ca for more info on Sumus, our properties, and our projects. #industrialprojects #communityimprovement #realestate #lethbridge #yql #moversandshakers #businessgrowth #realestatefund #investing #entrepreneur #industrialrealestate #commercialrealestate #residentialrealestate #itsabouttime #justgettingstarted
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We are officially sold out of units in Post! Recognized as one of Canada’s Best Managed Companies since 2013 and with team of passionate and innovative security professionals who are committed to making the world a safer and friendlier place, we are proud to welcome Paladin Security Group Ltd to Post! Please join us in welcoming Paladin Security to our vibrant new business hub in downtown Lethbridge! Stay tuned for leasing opportunities and more exciting updates from Post, and make sure to visit sumus.ca for more info on Sumus, our properties, and our projects. #realestate #lethbridge #yql #moversandshakers #businessgrowth #realestatefund #investing #entrepreneur #industrialrealestate #commercialrealestate #residentialrealestate #itsabouttime #justgettingstarted #moverandshaker
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