March 2025 –Mikisew Group, in partnership with Fourcha and Bare Capital, today announced the acquisition of a prime development site in Edmonton’s Kingsway neighbourhood. Fourcha, which previously held a 50% stake, will continue its commitment as Mikisew Group and Bare Capital acquire the remaining share.

This acquisition sets the stage for the intended development of an affordable multi-family apartment complex in Edmonton’s vibrant Kingsway neighbourhood. Supported by the Canada Mortgage and Housing Corporation (CMHC), this initiative contributes to the broader goal of increasing affordable housing options in Edmonton.

Located at 10809 111 Avenue NW, Edmonton on a 1.07-acre site, the Kingsway development project will feature 240 rental units within a 180,000-square-foot development. Its strategic placement offers convenient access to the Royal Alexandra Hospital, NAIT, Kingsway Mall, Walmart, and other established amenities—making it an ideal choice for students, young professionals, and families.

Project Highlights

  • Prime Location
    Centrally situated in Edmonton’s Kingsway neighbourhood, close to major retail, healthcare, and educational institutions.
  • Diverse Housing Mix
    An estimated 240 rental apartments, including studios, one-bedroom, and two-bedroom units to meet diverse community needs.
  • Community-Focused Design
    Modern architecture designed to foster a vibrant, inclusive environment, featuring pedestrian-friendly streetscapes and underground parking.
  • Enhanced Accessibility
    Seamless connections to public transit, bike lanes, and sidewalks that promote walkability and sustainable mobility.

Mikisew Group, Fourcha, and Bare Capital are proud to contribute to sustainable urban growth and quality affordable housing in Edmonton.

“This project is more than just an investment—it is a meaningful opportunity for the Mikisew Cree First Nation,” said Chief Billy-Joe Tuccaro of Mikisew Cree First Nation. “By creating quality affordable housing—including reserved options specifically for our Nation’s members—our vision is to provide secure, affordable homes for Indigenous families, students, and professionals. We are proud to be diversifying our investments in a way that drives positive economic growth while directly benefiting our community.”

Meeting Edmonton’s Growing Affordable Housing Needs

“The Kingsway project marks a major step in our mission to develop sustainable, community-driven housing solutions,” said Sophie Baran of Bare Capital. “With construction set to begin in the fall, we are focused on delivering high-quality, affordable housing that meets the needs of Edmonton’s growing population. Our project milestones are strategically planned to ensure efficient progress, from site preparation through to phased unit completion. We are proud to partner with Mikisew Group and Fourcha to bring this vision to life. Together, we are committed to fostering inclusive urban growth, and we look forward to welcoming residents to the Kingsway development.”

“Edmonton’s real estate market continues to demonstrate strong demand for accessible and affordable housing, and Kingsway is uniquely positioned to meet that need,” said Sid Chadi from Fourcha Group. “This project is a testament to the strength of our partnership with Mikisew Group and Bare Capital, as we work together to bring a thoughtfully designed development to one of the city’s most connected neighbourhoods. As a company with deep roots in the region, we are particularly proud to be part of an initiative that not only strengthens the local housing market but also creates meaningful opportunities for Indigenous communities, including those in Fort Chipewyan.”

About Mikisew Group of Companies

Founded in 1991, Mikisew Group of Companies has built a diverse portfolio spanning oil sands, site services, logistics, construction, environmental consulting, and more. Guided by the cultural values of the Mikisew Cree First Nation, the Group champions responsible development, economic growth, and meaningful employment—enriching and empowering its communities through strategic partnerships and innovative initiatives. For more information, visit: mikisewgroup.com.

About Fourcha

Fourcha is a family-owned real estate development firm in Edmonton, with decades of experience in commercial, multifamily, and residential projects. By collaborating with local trades, Fourcha consistently delivers innovative, high-quality communities throughout Alberta. For more information, visit: fourchagroup.com.

About Bare Capital

Bare Capital is Canada’s most innovative private equity real estate firm, dedicated to transformative housing solutions. With a strong emphasis on ESG and Indigenous partnerships, Bare Capital aims to address critical housing needs while offering attractive returns to investors. For more information, visit: barecapital.com.

 

For Media Inquiries:
Mackenzie Bowerman
Investor Relations
mackenzie@barecapital.com