Auctus Property Fund X LP (Northland Village)

Auctus X has entered into an agreement with Primaris Management Inc. to co-redevelop the Northland Village Mall and adjacent lands. The mall will undergo a transformation into a mixed-use community featuring apartments, office space, and retail. Under the agreement, Auctus X will be responsible for densifying the site with 229 multi-residential suites. Primaris will redevelop the mall to include approximately 400,000 square feet of retail and office space, estimated at over $200 million.

This project is currently under construction adjacent to the east of the Northland Village Mall. Positioned between John Laurie Boulevard to the north, Crowchild Trail to the south, Shaganappi Trail to the west and Nose Hill Park to the east, residents of this new apartment community will enjoy proximity to a Light Rail Transit (LRT) station, retail outlets, the University of Calgary, the Southern Alberta Institute of Technology (SAIT), Foothills Hospital, as well as Nose Hill Park. In addition, the neighbourhood is a 15 to 20-minute drive to downtown Calgary.

When complete, the apartment community will offer a mix of one, two, and three bedroom units over two, six-story buildings, both of which will include underground heated parking. The project will place an emphasis on building a vibrant apartment community with modern amenities and services, including a two-story fitness facility and resident lounge.

Key Details:

• Auctus X is a 229-unit, highly amenitized, premium apartment community complete with a resident lounge, commercial-grade fitness centre, underground parking and pet wash station.
• There are a variety of floor plans, offering one, two and three bedroom suites.
• The development is immediately adjacent to over 400,000 square feet of retail and office space, allowing residents the opportunity to work, shop, exercise and socialize right where they live.
• The northwest Calgary location offers many conveniences, with proximity to aLight Rail Transit (LRT) station, malls, the University of Calgary, the Southern Alberta Institute of Technology (SAIT), Foothills Hospital, as well as Nose Hill Park.
• This fund is fully subscribed and no longer accepting subscriptions for investment