Strategic Group commences construction of $150 million 37-storey project in downtown Calgary

Strategic Group announced the commencement of construction on ONE. The company also advised that Firmus has been awarded the contract to begin work on the structural components of this highly anticipated project. ONE, located on the corner of 1st Street and 10th Avenue SE, is scheduled to be completed in 2020.

ONE is destined to become one of Calgary’s foremost addresses and will be a truly exceptional building – a place that offers both luxury and leisure and is home to endless opportunity. Residents of ONE will have access to inner-city amenities and the lifestyle of the trendy and character-rich Victoria Park and Beltline communities. The 37-storey building will feature 379 residential rental units and 331,000 square feet.   

“Calgarians have seen a big hole for 16 years at the location for ONE,” said Riaz Mamdani, CEO of Strategic Group. “Through our team’s creative and unconventional approach, we have conceived a magnificent development. ONE will rise tall and proud – even in these financially challenging times.”

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Court Dismisses Class Action Lawsuit Against Strategic Group

On September 11, 2018, the Court of Queen’s Bench of Alberta dismissed a class action lawsuit commenced against Riaz Mamdani and Strategic Group. The lawsuit which began in 2012 and certified a class action in 2013 will continue against the remaining Defendants.

The Judgment by the Court of Queen’s Bench fully resolved the dispute as against Riaz Mamdani and Strategic Group while providing a mechanism for the funding of past and future legal fees to continue the pursuit of the litigation against the remaining Defendants.

The Class Action litigation involved a sale of real estate by a Strategic Group Company to a syndicator that allegedly misrepresented and misappropriated investor funds. Riaz Mamdani and Strategic Group have denied any liability in this matter and have consistently stated that liability may be owed by certain of the remaining Defendants.

“We will continue to assist the plaintiffs in whatever way we can”, stated Riaz Mamdani, CEO of Strategic Group. “It is our hope the plaintiffs will recover their losses.”

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Let’s Eat! Strategic Group’s annual campaign against hunger

THANK YOU! Together, we made a difference by collecting food donations for those in need of our help.  Our 7th annual Let’s Eat! campaign against hunger proved positive and spirited during the week-long campaign from June 18-24. Over 4,000 lbs of food was collected for the Calgary Food Bank and Edmonton’s Food Bank! To top it off, Strategic Group will be making a $5,000 cash donation.

A special thanks goes to our Building Operations, Strategic Maintenance, Property Management Teams, community partners, the food bank staff for their preparation in advance of the food drive and throughout the campaign, as well as building Tenants and Team Members for all their energy, enthusiasm and contributions.

Thank you once again for making an impact. Because of you, there are less hungry people in our communities.

We are already looking forward to Let’s Eat! 2019 and we hope you are too.

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