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MONTEREY SQUARE
- Years Built
1992 – 1993 - Year of Significant Renovation
2016 - Rentable Area
63,170 sq. ft. - Number of Tenants
25* - Renovation Cost
Approx. $3 Million - Site Area
12.88 acres
RANCHO REALTY (1975) LTD. RENOVATES MONTEREY SQUARE SHOPPING CENTRE, A LEGACY PROPERTY, WITH MODERN UPGRADES AND ENVIRONMENTAL FEATURES.
During renovations in 2016, Rancho Realty (1975) Ltd. ensured the properties and tenants weren’t out of operation for any length of time. The renovation provided and meant reduced operating costs as a result of the lighting retrofit (less power consumption), and a decreased impact on repair and maintenance costs.
The renovation assists with attracting high-end clientele and improving leasing. A fully leased centre brings more customers, which means more traffic for all tenants.
Details of the renovation include, storefront and door system replacements, insulation and stucco replacement, repaired and modernized parapet features, and upgraded LED fixtures for parking lot and exterior lighting.
*Number of tenants as of August 2019
2220 68 Street NE, Calgary, AB T1Y 6Y7
BUILT BY
Rancho Management Services (Alberta) Ltd. has been serving Calgary for over 40 years. With over 1.1 million sq. ft. of commercial properties in Calgary and Red Deer approximately 4,000 condominium/rental units managed, Rancho Calgary works effectively and efficiently for clients.
Rancho is investing in commercial updates to properties, including suburban office and community service retail, to ensure the best leasing value is maintained for tenants.
Rancho boasts a condo management portfolio of some of the most sought-after addresses in Calgary today. With this, Rancho’s condominium management team is expanding and enhancing tools to better meet the needs of a growing market.
Partnering with clients to bring quality advice, to closely monitor property and provide exceptional customer service, Rancho Calgary prides itself on building strong relationships.
Suite 200, 37 Quarry Park Blvd SE, Calgary, AB T2C 5H9
RELEVANT NEWS
Rancho Moves Up the Who's Who List in Canadian Real Estate Property Again in 2019
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