University of Calgary Properties Group (UCPG) has partnered with Truman Homes to build Scholar: a purpose-built rental residence in the University District. The new six-storey, mixed-used building is projected to add 203 units to the area. It will offer one- and two-bedroom rental units, all of which will include a balcony, washer and dryer, and stone finishes. The building will have a main floor retail podium managed by UCPG, while residential units will be managed by Truman Homes. The Calgary Herald reports that this arrangement will enable UCPG to optimize returns on land owned by the University of Calgary. Construction is anticipated to begin this summer, with occupancy expected in 2027.
Calgary Herald
