Cidex Group of Companies

What Cidex Group of Companies does

Cidex Group of Companies is a Calgary-headquartered, privately held, fully integrated real estate developer founded in 1984 with over 40 years of operating history in Alberta. The company controls acquisition, planning, construction, and property management in-house across a portfolio of 20+ projects spanning residential high-rise apartments, attainable housing, mixed-use towers, community retail shopping centers, and a master-planned automotive dealership destination. Core product lines include the "HAT" branded residential towers (e.g., HAT at Whyte, HAT at Giroux, HAT at Five Corners, HAT at Elbow River, HAT at Eau Claire, HAT at East Village, HAT at 9th, HAT at 5th, HAT at 14th, HAT at 122nd, HAT at 100 Ave, Hat at 7th), "Shoppes" branded community retail centers, Solis at Giroux (attainable housing), Aura Towers, West Village Towers (luxury rental under construction), and the Auto Mall NW Calgary.

The business operates across two principal revenue streams: residential property development and rental income from owned apartment towers and complexes, and commercial property leasing from community shopping centers and strip malls. Distribution is fully direct, with no third-party brokers or resellers; sales and leasing are handled through Cidex's integrated property management division. Customer segments include high-income urban renters and buyers seeking luxury finishes and downtown amenities, budget-conscious renters seeking attainable housing (including affordable units integrated into luxury developments), and commercial retail tenants such as restaurants, medical clinics, fitness centers, and personal service providers.

Cidex serves Calgary, Edmonton, and St. Albert in Alberta, Canada, with active development projects extending into 2026. The company's stated differentiator is its integrated model and decades-long relationships with municipal authorities and regulators, which it leverages to secure revitalization and adaptive-reuse projects such as office-to-residential conversions and contributions to Edmonton's Quarters Downtown Community Revitalization. No revenue, headcount beyond a 11-50 employee range, funding, M&A, leadership, or AI capabilities are disclosed in the source data.

Name

Cidex Group of Companies

Legal name

Cidex Group of Companies

Website

https://cidexgroup.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Cidex Group is a Calgary-based fully integrated real estate developer with 40+ years of experience building residential towers, attainable housing, mixed-use developments, and community retail centers across Alberta, serving residential tenants/buyers and commercial retail tenants in Calgary, Edmonton, and St. Albert.

Ownership category

akta.pro rank

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Residential Property Development and Rental: Cidex develops and manages residential apartment towers and complexes. Revenue is generated through apartment rentals and potentially condo sales. Projects include luxury high-rises (The HAT series), attainable housing developments (Solis at Giroux), and mixed-use residential towers.
2. Commercial Property Development and Leasing: Development and management of retail shopping centers and commercial spaces. Revenue generated through commercial tenant leasing. Properties include Shoppes at Montreux, Shoppes at Beacon, Beacon Heights Shopping Center, and Auto Mall NW Calgary.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Cidex Group of Companies is a fully integrated real estate developer that acquires, plans, constructs, and manages residential and mixed-use properties throughout Alberta, Canada. The company's portfolio includes luxury high-rise apartments under "The HAT" brand, attainable housing developments (Solis at Giroux), commercial shopping centres under the "Shoppes" brand, and specialty developments such as the Auto Mall in NW Calgary. Revenue is generated through rental of residential apartment units and leasing of commercial retail spaces.

Product overview

Cidex Group of Companies is a fully integrated real estate developer specializing in residential and mixed-use developments throughout Alberta. The company offers a portfolio of distinct product lines: 'The HAT' branded residential towers and apartments (including The HAT at Whyte, The HAT at Giroux, The HAT at Five Corners, The HAT at Elbow River, The HAT at Eau Claire, The HAT at East Village, The HAT at 9th, The HAT at 5th, The HAT at 14th, The HAT at 122nd, and The HAT at 100 Ave), commercial retail centres under the 'Shoppes' brand (Shoppes at Montreux, Shoppes at Giroux, Shoppes at Beacon), standalone shopping destinations (Beacon Heights Shopping Center), specialty developments (Auto Mall – NW Calgary), luxury rental projects (West Village Towers), attainable housing (Solis at Giroux), and mixed-use towers (Aura Towers). As a fully integrated developer, Cidex manages acquisition, planning, construction, and property management in-house across all projects.

Differentiator

Problem solved

Functional benefit

Brands

• The HAT: Brand name for multiple residential apartment buildings including The HAT at Whyte, The HAT at Giroux, The HAT at Five Corners, The HAT at Elbow River, The HAT at Eau Claire, The HAT at East Village, The HAT at 9th, The HAT at 5th, The HAT at 14th, The HAT at 122nd, The HAT at 100 Ave, and Hat at 7th
• Solis at Giroux
• Shoppes
• West Village Towers
• Aura Towers
• Commercial Properties
• Auto Mall - NW Calgary

Products and services

• West Village Towers Luxury rental project comprising three towers with a commercial podium in Calgary's downtown core, designed in partnership with NORR Calgary and UAE team. Features various unit sizes, townhouses, fitness centres, and amenity rooms in glass penthouse towers.
• The HAT at Whyte Luxury high-rise apartment building in Edmonton's historic Old Strathcona district, blending heritage character with modern design, premium finishes, expansive views, and a fully equipped fitness centre.
• The HAT at Giroux Major rental apartment development in St. Albert bringing a new standard of living, featuring a spacious standalone clubhouse as a hub for socializing, wellness, and leisure.
• The HAT at Five Corners Contemporary apartment building in downtown Edmonton contributing to the City of Edmonton's Quarters Downtown Community Revitalization project. Offers 360-degree views of the river valley and downtown skyline, state-of-the-art amenities, and is pursuing LEED Certification.
• The HAT at Elbow River Revitalization project in downtown Calgary featuring three towers connected with a central podium, creating a micro-community with indoor/outdoor amenities including shopping mall, running track, dog park, and 14 affordable housing units.
• The HAT at Eau Claire Seven-story residential tower in Calgary's Eau Claire district featuring units with modern style and everyday comfort, expansive windows, and stunning views.
• The HAT at East Village High-rise apartment complex in Calgary's East Village revitalization area, featuring retail tenants and daycare on the main floor, state-of-the-art exercise facility, indoor party room, and outdoor terrace overlooking Bow River.
• The HAT at 9th Newly built residential community in Calgary's Art District featuring contemporary finishes, energy-efficient features, private recessed balconies, resident lounges for remote work, secure bike storage, pet wash, and on-site security.
• The HAT at 5th Office-to-residential conversion project in Calgary's downtown core, with construction scheduled to begin in 2026, bringing new life to an existing building.
• The HAT at 14th Twenty-eight-story high-rise in Calgary's Beltline district offering 239 units of upscale urban living with cutting-edge design and expansive views.
• The HAT at 122nd Modern contemporary apartment building in Edmonton featuring proximity to bike trails, coffee shops, restaurants, art galleries, River Valley access, and downtown amenities.
• The HAT at 100 Ave Office-to-tower conversion project in Edmonton transforming existing space into a modern, adaptable asset supporting evolving tenant needs.
• Solis at Giroux Attainable housing development in St. Albert comprising two low-rise apartment buildings offering secure underground parking, in-unit laundry, fitness room, and purposefully designed finishes. Located at the heart of the Ville Giroux park system.
• Shoppes at Montreux Community-based shopping centre in southwest Calgary fully leased and managed by Cidex, hosting personal services, restaurants, boutique gym, medical clinics, and child activity programs.
• Shoppes at Giroux Community shopping centre on Versailles Avenue in St. Albert providing residents access to restaurants, beauty parlours, medical services, child care, and other key amenities.
• Shoppes at Beacon Commercial strip mall in Calgary near Costco, Canadian Tire, and other major retailers, hosting medical clinics, beauty salons, general retail, with strategic location 25 minutes from downtown.
• Hat at 7th Downtown Calgary residential building in the free-fare zone featuring commissioned graffiti art by local artists Sergey Ryutink and Alex Kwong, promoting local art and culture.
• Beacon Heights Shopping Center Shopping centre in Calgary's Northwest corner at 12024 Sarcee Trail offering more than 14 brand name stores including Goodwill, Spa Lady Fitness, and Staples.
• Auto Mall - NW Calgary Master-planned automotive destination in Western Canada spanning multiple purpose-built dealership pads along Sarcee Trail NW, with Volkswagen and Hyundai committed and future pads for additional brands.
• Aura Towers High-rise building in Calgary's Beltline community featuring a mix of one, two, and three-bedroom units designed for convenient downtown living near urban parks, restaurants, and grocery stores.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Anthem Properties: Vancouver-based integrated developer with residential high-rises, mixed-use, and community retail across Western Canada (including Calgary/Edmonton projects). Comparable in product type mix (luxury towers, attainable, retail) and integrated development approach.
• Melcor Developments: Alberta-headquartered real estate developer with a long-history, fully integrated model developing residential, commercial, and mixed-use communities across Western Canada. Closest comparable to Cidex by geography, scale, integrated structure, and project types (apartments, retail, master-planned).
• Westcorp Properties: Calgary-based private developer of high-rise residential and mixed-use projects in Alberta. Comparable private developer focused on luxury downtown Calgary residential with integrated construction capability.
• Remington Development Corporation: Calgary-based family-owned developer with an integrated residential and mixed-use portfolio including high-rise apartments (e.g., Park Avenue, SOYO), commercial, and community retail comparable to The HAT and Shoppes lines.
• Strategic Group: Calgary-based private developer owning and developing residential apartments, commercial, and mixed-use assets across Alberta. Closely comparable as an Alberta-centric integrated developer-owner operating a stabilized rental and commercial portfolio.
• Hon Developments: Calgary-based family-owned developer active in residential, commercial, and mixed-use projects across Alberta. Closely comparable to Cidex by private ownership, Alberta-centric focus, and integrated build-hold strategy.
• Qualico Group: Western Canadian integrated developer and homebuilder with residential, mixed-use, and commercial communities spanning Calgary, Edmonton, and broader Alberta. Comparable in integrated acquisition-to-property-management model and multi-city Alberta footprint.

Broad incumbents

• Brookfield Residential: Large, publicly affiliated homebuilder and developer operating master-planned communities and high-rise residential across Western Canada (including Calgary and Edmonton). A broader incumbent that competes with Cidex in residential land and tower development but at materially larger scale.
• Boardwalk REIT: Calgary-headquartered residential REIT owning and operating tens of thousands of multifamily suites across Alberta and Western Canada. Comparable in Alberta apartment rental focus, but a broader incumbent that operates at institutional scale rather than an integrated developer.
• First Capital REIT: Canadian REIT focused on grocery-anchored and necessity-based retail and mixed-use properties. Comparable to Cidex's Shoppes and Beacon Heights retail asset class at institutional scale, though operating as a REIT rather than an active developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cidex-group-of-companies

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cidex Group of Companies