July 28, 2023
A new seven-floor residential building is open in Edmonton’s downtown, thanks in part to City of Edmonton investment. SYNC111 is one of the recipients of the 2021 Economic Incentive Construction Grant, which provided $22.9 million in grants to stimulate development and attract more residents living downtown.
“It’s amazing to see council decisions like this building in action,” said Ward Karhiio Councillor Keren Tang. “Downtown’s been through a lot in the past few years, but we can’t go back. Council is committed to finding innovative ways to rebuild and reimagine our downtown. This is an exciting start.”
The 2021 Economic Incentive Construction Grant is providing funding over five years to 10 successful grant applicants. These projects will have a significant impact, worth a total of $551 million, while creating 4,050 jobs, 2,341 residential units and 78,000 square feet of commercial space in and around downtown.
“Edmonton’s downtown has a lot of potential and we wanted to be part of that—there’s a lot of great and exciting things happening downtown, including new parks, post-secondaries, great nightlife and easy access to transit and services, and this grant helped us be a part of that.” said Craig Haan, Director of K&H Developments and part owner of SYNC111. “This is our first build in downtown Edmonton. We’ve built seniors residences, commercial developments and industrial complexes in Edmonton, but never downtown.”
SYNC111, located at 10312 111 Street NW, is steps away from MacEwan University and within walking distance of the ICE District. The building boasts 222 one and two bedroom units, each featuring nine-foot ceilings, open-concept kitchens, modern finishing and stainless steel appliances.
“It’s a great space,” said Councillor Tang during a tour of the building. “So open and airy. I can definitely imagine students and young professionals living very comfortably here.”
The 2021 Economic Incentive Construction Grant is a part of the City’s
Downtown Vibrancy Strategy. It supports Downtown as Home, which is one of the strategy’s four pillars. The others are:
- Downtown as an Economic Hub
- Downtown as a Destination
- Downtown as a Safe, Welcoming Place
Since 2021—and in addition to the Economic Incentive Construction Grant—the City has awarded $6.5 million to support 61 projects through the Downtown Vibrancy Fund, which has leveraged an additional $8.5 million in private investment.
In 2023, the City also launched the Downtown Vibrancy Fund and Meet Me Downtown Grant, committing an additional $6.5 million to support projects that increase vibrancy and improve downtown safety by attracting people to live, work, play and visit the heart of our city.
