After purchasing a 17.5 acre parcel in early 2025, we secured construction financing with Canadian Western Bank on 100% spec building, a rare occurrence in a challenging lending market. Construction started in June on our state-of-the art 328,723 SF Tier 1 new-generation warehouse, the Gateway 290.
Location Location Location
Located in Balzac’s High Plains Industrial Park in Rocky View County, this $60 million asset is strategically situated in Calgary’s fastest growing industrial hub. With neighbours like Amazon, Walmart, Home Depot and Sobeys, this Industrial Park offers over 1,300 acres of fully serviced industrial land available for sale or build-to-suit development propelled by Highfield Investment Group Inc.’s local land development expertise and relationships with capital sources. Our property will benefit from a short 3-minute drive to the QEII Highway, 15 minutes to the Calgary Airport and 25 minutes to downtown Calgary giving employees, customers and supplier prime access.
An additional benefit? Rocky View County has a millage rate approximately 49% lower than the City of Calgary. According to the Altus Group’s High Plains Comparative Property & Business Tax Analysis, the forecasted tax differential between a proposed 500,000SF building in Calgary vs. High Plains Industrial Park is approximately $1.95/ SF / year over a 10-year lease term, based on an assessed value of $110 / SF. The resulting estimated average savings equate to $975,000 per year or approximately $10M over a 10-year term.
Partnering for Success
RCG has partnered with high calibre players for our property: Highfield Investment Group Inc. as our Development Manager working alongside JVF Solutions Ltd. as our General Contractor. After summer rain-delay challenges, JVF accelerated piling to make up time and stay on schedule.
Top-Tier Property Features
Proudly partnered with our long-time affiliate CBRE, leasing opportunities are in play and can be viewed HERE. With accommodation towards one to five tenants, possibilities are endless. They’ll benefit from a long list of exceptional features:
- 40’ clear height
- 68 stall trailer parking
- 34 exterior dock doors
- 80’ court turning radius
- solar-ready roof
- 2000 AMP power supply
- 190+ parking stalls, many EV-ready
- Gas-fired unit heaters and LED sensored-lights
- easy access to transportation networks, strong local labour force and the aforementioned 49% lower-than-average property tax rate.
Under RCG’s Environmental Social Governance (ESG) goals, Gateway 290 will be solar-ready with over 3000 panels and the array will provide a near-complete offset of the building’s electrical consumption. This demonstrates our broader goals to reduce reliance on carbon-intensive energy sources, optimize building systems and enhance long-term resilience while setting a benchmark for future developments across our portfolio.
Ground-Turning Kick-Off
A sunshine-infused Calgary day was the backdrop to our CBRE-hosted October Ground-Turning Event to officially launch the construction of Gateway 290. Attended by members of RCG’s Leadership Team, CBRE, Highfield Investment Group, JVF Solutions Inc. and Rocky View County Council, the kick-off marked the strong partnerships RCG values.
Reflecting our dedication to progressive accountable leadership, we’re proud to work with such outstanding key players that will see this project come to fruition in mid 2026. Gateway 290 is RCG’s fifth property in Alberta pushing our presence to over 1.6M SF in the greater Calgary marketplace and our 28th asset marking over 2.4M SF in our total portfolio.
RENX ARTICLE about Gateway 290