West Campus Development Trust
West Campus Development Trust was created by the University of Calgary to oversee the on-going development of the lands formerly known as West Campus. Responsibilities of the Trust include finalizing a Master Plan, seeking subdivision and land use designation, and seeking developers and builders for the West Campus lands, now known as University District. Thereafter the Trust will sublease and provide ongoing management.
The Board of Directors for the Trust is made up of community representatives, students, faculty, University administration, business leaders and development experts.
The Trust’s financial model provides an innovative approach to real estate development. It is based on a unique public-private development model. The development will optimize the return on the land for the benefit of the University’s academic mission.
- We reflect the University’s mission in society. We strive to be a thought leader pushing the limits of conventional thinking towards a better quality of life.
- We were created as an entrepreneurial demonstration for the University of Calgary and continue to build on our reputation as a dynamic partner. This empowers us with pace, results, and tolerance to explore new opportunities.
- We are defined by a bold vision and a commitment to the lands, driven by results that will benefit all in the long-term rather than taking the most direct route to profits.
- We recognize the opportunity for large impact in our work and will ensure a thoughtful, people-first approach to everything we do.
To create a legacy for the University of Calgary through sustainable real estate development.
Our mission is to be a leader in creating amazing places as a trusted developer for the University of Calgary. We’re a benchmark developer that prioritizes thoughtful design, collaboration, inclusiveness, and a proactive approach above all else. Recognizing the impact of our work on our community means we ensure a people-first approach in everything we do.
Through our dedication to our mission and our values of mindfulness, collaboration, integrity, confidence, trust and respect, West Campus Development Trust is adapting with the needs of the market to shape the future of the university
and our city.
Being a leader in our industry means living our values each and every day. It’s our commitment to these shared values that help us create an open, respectful workplace where we all strive to achieve our vision of making amazing places in Calgary.
Where We've Come From
The Board of Governors creates West Campus Development Trust to develop the University District lands and appoints the inaugural West Campus Development Corporation Board members.
The first employee (President & CEO) is hired and initiates the vision for University District and begins to build the Trust team. The Trust adds staff and initiates the Master Planning process.
The Trust implements a comprehensive engagement program with the surrounding communities and secures independent financing and approval of the Head Lease with the university.
The Trust achieves unanimous approval and support at Calgary City Council for the outlined Plan and Land use, and community vision. The Order in Council receives Ministerial approval. The community is recognized as a Next City demonstration project and gains land use approval in a record time of less than one year. A brand for the community is established, and University District is officially adopted as the new community name, replacing West Campus.
Construction initiates on the site and the Trust establishes a process for selling the prepaid land leases. The Trust receives the inaugural request for expressions of interest with overwhelming industry support and responses. University Chancellors are acknowledged in street naming for their role in contributing to a connection between the Trust, the University of Calgary, and Calgary communities. University District wins the People’s Choice Mayor’s Urban Design Award and the Trust team grows to eight people.
The first residential land leases are initiated, the retail program commences, and construction continues. The Trust chooses the first residential developer partners — Brookfield Residential and Truman home options include condominiums and townhomes. University District begins to gain greater attention with the announcement of LEED for Neighbourhood Development Platinum certification (LEED-ND Platinum®).
The Discovery Centre, the first building in the community, is constructed and sales initiate for University District. The land lease program moves forward with the second and third phase land leases. The two builders sell product at an unexpected rate and surpass their sales goals within the first four months, triggering the Trust to evaluate an earlier block release for new residential product as well as the Discovery Centre expansion. Agreements are signed with Gracorp for Block 22A which includes a grocer (Save-On-Foods), with The Brenda Strafford Foundation for Block 7 (assisted living/seniors site), and for Block 14 with the Alt Hotel and Urban. The Trust is awarded three BILD awards in the sales and marketing category for University District; Best Billboard, Best Online Marketing Campaign, and Best Marketing Campaign of the Year.
The first residents move into University District and the completion of the north pond and park spaces establish neighbourhood amenities. Developer partners move forward with construction, creating pronounced activity in University District and the residential lease program expands with Block 3 and 8. The retail program moves forward and additional retail leases are executed. Design work begins on Block 23 and Central Park. BILD announces University District as the BILD Alberta Winner for New Community Development.
Board of Directors
The 15 members of the Board of Directors are responsible for governance and oversight of the Trust. The Board is a volunteer Board.View Bios
The team at West Campus Development Trust is led by the President and CEO who reports to a Board of Directors.View Bios
Do you have questions about the Trust? Reach out to us for more information regarding our projects or our organization.Get in Touch