A flashy new rental building is coming to downtown Calgary
If you’ve been hunting for a new home in downtown Calgary, we have exciting news. A premium rental development just broke ground in Calgary’s Beltline neighbourhood, and this tower will bring over 200 new rental units to the city.
Granted, you’ll have to wait a little while before you can actually move there.
The project by GWL Realty Advisors just broke ground on Thursday, June 12, 2025, and is expected to be completed within 36 months, with occupancy targeted for mid-2028.
Worthington PR & Story For GWL Realty Advisors
The new rental tower will be located at 1405 4th St. SW in Calgary’s Beltline district, comprising 24 floors with 219 professionally managed rental units along with a ground-level retail area.
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“This new development represents our continued commitment to building high-quality rental communities in Canada’s top urban markets,” said Glenn Way, president, GWL Realty Advisors. “With its prime location, premium amenities, and our long-term approach to investing, we are excited to play an active role in shaping Calgary’s future and contribute to establishing the Beltline as a premier residential neighbourhood.”
Rendering from Worthington PR & Story For GWL Realty Advisors
The new rental building in Calgary will feature open-concept layouts, modern finishes, plenty of natural light, and life-enhancing amenities such as a fitness centre, social lounge, co-working spaces, rooftop dining, and pet-friendly facilities, like a dog run and pet wash.
The development will also feature nearly 6,000 sq. ft. of pedestrian-oriented retail space on the ground floor to make way for up to five commercial units. This will provide convenient amenities to residents and the surrounding community of Beltline.
GWL Realty Advisors aims to help address the housing shortage in major Canadian cities through developments like this one, while Calgary has been making strides to invest in the downtown core.
“Projects like this show confidence in Calgary’s urban core and align with our goals for density, sustainability, and vibrant, livable communities,” said Mayor Jyoti Gondek. “We welcome GWL Realty Advisors’ investment and look forward to seeing this new development take shape in the heart of our city.”
What are your thoughts about this new rental building in downtown Calgary? Let us know in the comments below.