A message from Homestead Investment Co-operative:
Downtown Edmonton's Alberta Block has been many things in its 100-plus years: a birthplace of CKUA Radio, an early Alberta Treasury Branch, and now the home to entrepreneurs and Homestead Coworking.
The next chapter? Community ownership.
Homestead Investment Co-operative (HIC) is inviting Albertans to buy shares in the Alberta Block, creating a model of local investment that blends stable returns with civic renewal.
"It's not a pump-and-dump real estate flip," explained HIC co-founder Don Iveson in a recent RealTalk interview. "It's a long-term opportunity to build community assets together, patiently."
The building's story resonates with entrepreneurs like Fu's Repair Shop owner Kyla Kazeil, who relocated her award-winning restaurant to the Alberta Block. "The chance to invest in the building we rent from was defining," she said. "It means our hard work also builds equity."
With a deep retrofit already complete, this building is climate-ready and very energy-efficient, supporting projected annual returns of 6% alongside long-term appreciation. Investors can participate through existing RRSPs or TFSA investments, starting at $10,000 plus a $250 membership share.
The deadline to invest is Sept. 29 — and this is your chance to see the space firsthand:
- Sept. 17, 12pm: Free webinar (bring your questions)
- Sept. 17, 5pm: Guided tour of the Alberta Block
- Sept. 22–26, 4:30pm to 7pm: After-Work Open Houses
Don't miss the opportunity to align your money with your values and be part of shaping Edmonton's downtown future.
Learn more at HomesteadCowork.ca.