Bayfield, Chestermere

Located within the Eastern boundary of the Town of Chestermere. Bayfield is a mixed use development totaling 615 acres of land. With access to both Highway 1A and the Trans-Canada Highway this development provides for the commercial and residential growth of Chestermere and the next industrial distribution location to the East of Calgary.

Annexation of the lands into the Town of Chestermere city limits was complete March 20, 2009 and retroactive to January 1, 2009. Due to conflicts between the Calgary Regional Partnership and the Municipal Development Plan of the Town of Chestermere, our land use application was not circulated until final approval of the Municipal Development Plan which was completed July 20, 2009. As a result, our first reading of Land Use was held at the August 17 session of council and passed unanimously. First reading of our land use starts the circulation process of documents within administration for comments.

Inter-municipal approvals for the Storm Water Management Strategy have been advancing and additional changes to the offsite transportation network presented by Alberta Transportation has changed the layout of our land use and associated acreages and densities. Through careful planning, we have increased the more valuable residential land component while reducing the industrial land component.

 Bayfield Commons –Is a 45 acre commercial development providing 486,783 square feet of retail amenities with a proposal for 250 residential mixed use dwellings above the retail. As a result of changes by Alberta Transportation the land use plan now calls for an additional 29± acres of Interim Retail for up to 30 years with the same uses proposed within the Bayfield Commons retail development. These Interim Uses could add up to an additional 314,830 square feet of retail development.

 Bayfield – is a 123 acre single and multi family development with 1,457 units planned for construction starting in 2011. Coupled with the 250 units within the neighbouring lands of Bayfield Commons, total residential within the entire project is currently at 1,707 units. Local area residential builders and developers have expressed preliminary interest in purchasing lands within this development.

 Chestermere Business Park – is a 248 acre industrial park with density of up to 3.89 million square feet of warehouse, distribution, manufacturing and design build industrial buildings.

Homburg Invest Inc believes strongly in the future of Calgary, as economical capital of Alberta. This trust is based on four points. First Alberta’s oil sands underlie 140,800 square kilometres – or an area larger than the state of Florida. Second there are 175 billion barrels of proven oil reserve in the oil sands; that is second to Saudi Arabia’s 260 billion barrels. Third, in Calgary there is no provincial sales tax, no capital tax and reasonable property tax on land and buildings. The fourth and last pillar is Calgary’s population. That is projected to double between today and 2025/2030!

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