maclabdevelopmentgroup

Rain or shine, our team shows up!

Yesterday we cheered on the Edmonton Riverhawks as they took on the Victoria HarbourCats! The result wasn’t a home run, but hey—every season has a few foul balls.

Keep swinging, Riverhawks! We’ll be cheering you on all season 🙌

We are proud to announce that The Parks has been recognized by the 2026 CoStar Impact Awards as the Multifamily Development of the Year (Edmonton).

This recognition is proof the thoughtful redevelopment is working and necessary for Edmonton's revitalization. This project is beyond the 363 units, but an essential element of developing a more resilient ecosystem in our city's core.

A sincere thank you to our consultants, trades, collaboration with the city and our downtown community in bringing this landmark project to life.

It was a wonderful Champagne Soirée hosted by ! 🥂

​We are incredibly honored that was named Best High-Rise Rental Project. A sincere congratulations to all the finalists and winners of this year’s Awards of Excellence—it is a privilege for us at Maclab to build and grow alongside such a talented community.

To the women who lead, mentor, collaborate, and elevate those around them — thank you. It goes without saying that your impact is felt in every corner of our organization. Maclab celebrates you today and everyday. Happy and
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2025 was a year defined by bold moves, community impact, and transformative growth. Here’s a look back at a few of the milestones that shaped our journey:

March – The Parks rental tower reached completion and occupancy, introducing 363 new units to Edmonton’s downtown core. Today, it’s already over 50% leased, bringing vibrant energy to the city center.

June – We elevated the retail experience at Mill Woods Shopping Centre with the opening of No Frills, alongside exciting new tenants like Chipotle at Garneau Commercial and River Valley Day Care at Windsor Building & Plaza. Plus, Mill Woods Professional Building achieved 90% occupancy—a major leasing success.

October – A significant moment of resilience: we officially began the redevelopment of Tekarra Lodge on Jasper Avenue, restoring a beloved destination impacted by the fires.

November – Growth continued with the acquisition of our largest parcel of land at Kendal, complemented by additional lands south of 41 Avenue. We also celebrated the sale of 160+ homes, reinforcing our commitment to housing solutions.

December – We closed the year with strategic transactions, including the sale of Eleanor Tower, Laurent Student Housing, and the Cornerstone rental tower in Burnaby, BC—marking a strong finish to an exceptional year.

None of this would have been possible without the dedication, creativity, and resilience of our incredible team. Their commitment to excellence drives every project forward and ensures we continue to build communities that matter.

Thank you to our partners, tenants, and communities for being part of this journey.