CALGARY, Sept. 14, 2017 /CNW/ - Genesis Land Development Corp. (the "Company" or "Genesis") (TSX:GDC) is pleased to announce that the Council of the City of Calgary unanimously approved an amendment to the Sage Hill Area Structure Plan. Genesis currently owns 70 acres of land in the Sage Hill Area Structure plan and this approval enables Genesis to proceed with securing land use and outline approval for a low to medium density residential and commercial development from high density high rise residential and big box commercial.
About Genesis
Genesis Land Development Corp. is a land developer and residential home builder in the Calgary Metropolitan Area. The Corporation's common shares are listed on the Toronto Stock Exchange (TSX: GDC).
SOURCE Genesis Land Development Corp.
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Stephen J. Griggs, Chief Executive Officer; Wayne King, Chief Financial Officer, 7315 - 8 Street NE Calgary AB T2E 8A2, 403-265-8079, [email protected], www.genesisland.comCopyright CNW Group 2017