02:40:32 EDT Tue 16 Jul 2024
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Genesis Land Development Corp
Symbol GDC
Shares Issued 56,853,027
Close 2023-05-17 C$ 2.06
Market Cap C$ 117,117,236
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Genesis Land receives Calgary OK for Logan outline plan

2023-05-17 11:25 ET - News Release

Mr. Iain Stewart reports

GENESIS ANNOUNCES APPROVAL OF OUTLINE PLAN AND LAND USE FOR LOGAN LANDING PROJECT

The City of Calgary Council approved the outline plan and land use application for Genesis Land Development Corp.'s Logan Landing development yesterday.

Genesis would like to thank the City of Calgary Council, Calgary Planning Commission and Administration for all the work they have done during this long and thorough approval process.

"We are delighted to advance the development of this community and work towards breaking ground this spring," said president and chief executive officer Iain Stewart. "Logan Landing will provide over 2,000 new housing units to the Calgary market which will help maintain the city's affordability advantage."

"Logan Landing is a special community that overlooks the Bow River Valley and a big part of its attractiveness is its environmental significance, which Genesis is committed to protecting", said Arnie Stefaniuk, vice-president, regional planning. "We are bringing the Bow River to all Calgarians by purposefully making public the most scenic and valuable viewpoints. People will travel here for their special occasion photos such as graduations and weddings and to enjoy the look-off points, patios, restaurants and neighbourhood activity centre."

About Genesis Land Development Corp.

Genesis is an integrated land developer and residential home builder with a strategy to grow its portfolio of well-located, entitled and unentitled primarily residential lands and serviced lots throughout the Calgary Metropolitan Area.

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