Apr 15, 2007

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Wednesday » April
12 » 2006

So much for Fritz Painsi's easy-living retirement plan
Thursday, March 23, 2006
When Fritz Painsi and his partner Hans Warrner sold City Bakery
to Weston Bakery, it was with the idea of retiring and
taking things easy, but he's back in business today
developing a piece of land he owns near the airport. Painsi has
a 1.4-acre site north of the WestJet office building at the corner of 11th Street
and 53rd Avenue N.E., across from the Canada Post sorting plant.
Poon McKenzie Architects has completed the design of a
20,300-square-foot single-storey office building featuring brick,
block and glass with two canopied entrances, the main one
on the west side. Ceiling heights range from nine to 12 feet with a
15-foot-high section in the northeast corner. Leasing agents
Jim Duggan and David Watley of Target Realty say they're seeking a single tenant for the space who will be offered naming rights. A big feature has to be
parking; code requirement is for 42 stalls, but it has been planned
to accommodate 68 surface stalls amid good landscaping.
Centron Construction is ready to build it in time for occupancy this fall.
Daniel Jouanneau, the French ambassador to Canada, starts an official visit
to Alberta Friday that will begin in Calgary and include a tour
of the oilsands. He'll be accompanied by Luc Serot Almeras,
the new consul general in the Vancouver office who has
previously served his country in Thailand, South Africa,
United States, Libya and most recently in Ireland. On Saturday,
Mayor Dave Bronconnier will be at Calgary International Airport
to welcome the French minister delegate for industries, Francois Loos,
as he arrives from Paris to join them on the trip to Fort McMurray;
they return to Calgary for a breakfast with industry leaders
Monday. Well-known Calgary developer Abed Itani has purchased
another huge tract of land in the northwest quadrant of the city.
Through Bob Young and Rob McElhoes of Colliers International,
he has bought the 202-acre Chan lands for his company,
Intergulf Cidex,
at a price of $24 million.

Located at the junction of Sarcee Trail and the new Stoney Trail freeway,
it's just north of The Hamptons and adjacent to the new
950,000-square-foot Beacon Hill shopping centre, anchored
by Costco and Home Depot. Itani has a lot of experience in the
Calgary market, being responsible for developments such as Lynx Ridge,
Hidden Valley, the Lake at Heritage Pointe and the underconstruction
Westgate Park towers. He says he plans 13 acres of commercial
development for 50,000 square feet of box stores, 27 acres of light
industrial that would be ideal for an auto mall and the remainder
for residential properties.
David Parker
Calgary Herald

A convention is bound for Calgary that is expected to attract some 10,000 to the
Pengrowth Saddledome. Women of Faith is a Dallas-based organization that holds an
average of 30 events each conference season in arenas across North America. The
events have been held twice in Vancouver, but the July 28-29 conference is the first to
come to Calgary. Five core speakers, including Max Lucado, widely regarded as America's leading inspirational author with more than 40 million books in print, plus music group Avalon
will be appearing to an audience that is expected to draw from throughout Alberta as
well as Saskatchewan and southeastern B.C. The Hyatt and Marriott have been chosen as conference hotels. Women of Faith is expected to boost the city's economy by some $1.2 million.
There's a get-together today for friends of Dale Evans, vice-president and general
manager at Brookfield Properties, who has decided to retire. For the past several years,
he has been responsible for looking after Bankers Hall, but I do believe he wants to take
more time to enjoy the game of golf.
He's a great guy and his position will be taken over by an equally nice and talented real
estate professional. Margaret Dreher, formerly responsible for O&Y's Western Canada
operations and a past chair of BOMA Calgary who joined Brookfield when it acquired
O&Y, is set to manage Bankers Hall right away.
Some time ago, I announced plans by Calgary-based Norcal Group to develop a 545-
acre high-end golf course community encompassing 272 home sites and 47 luxury
turnkey cabins near the 145-kilometre- long Lake Kookanasu in Montana.
The project recently received preliminary planning approval from Lincoln County and the
first phase will include 75 homes sites -- ranging from $250,000 to $500,000 US -- and
five cabins. Meanwhile, Nick Faldo, winner of six major tournaments and the 2008 European Ryder Cup captain, is designing the Wilderness Club par-72 signature golf course. His company
has designed courses on every continent, but this is its first in the Rocky Mountains.
A real estate sales centre has opened in Whitefish and another will open in Calgary next
month. Construction on the golf course begins shortly with opening slated for spring of
2008.