“Our vision is to be the most creative, fair, organized and professional commercial real estate company in the industry, where investors want to invest in us, and tenants choose our properties,” says Jacob Weber, Senior Vice President, Development. Royop’s story began in 1964, when their founder, Morris Kowall, developed Western Canada’s first enclosed mall. In the decades that followed, the company continued to deliver top-quality retail, industrial and commercial centres throughout Alberta. In recent years, however, they have sought to push the envelope. Under the leadership of Jeremy Thal, who took over as CEO in 2019, the company has diversified and greatly expanded. In 2021, Royop launched Phase 1 of a project called ‘Township’ – a 61.78-acre mixed-use development which, when completed, will have approximately 1.5 million square feet of retailers, restaurants, offices, hotel, and residences. In 2022, they broke ground on their first multiresidential project. All the while, they are developing multiple other mixed-use communities and retail centres in Lethbridge, Airdrie, and Calgary. “For a long time, our focus has been on retail and commercial,” explains Amanda Dutton, Vice President, Construction. “We have done some mixed-use and residential, but the market over the last 10 years hasn’t really supported that. Over the last couple years, however, I think it’s come back in style. That’s our current focus now.” “As we grow, our goal is to go out and diversify this business,” adds Jacob Weber, Senior Vice OCTOBER 2022
RkJQdWJsaXNoZXIy OTYzNTg=