BUILDING COMMUNITIES CHANGING LIVES

by Nerissa McNaughton

Melcor is a full-cycle real estate developer that builds communities from the ground up. From acquiring raw land to community planning, from construction to development, Melcor does it all – and then some. Melcor also manages leasable office, retail and residential spaces and has built four championship golf courses across Western Canada. Whether it’s a family moving into one of Melcor’s signature communities, an entrepreneur leasing the perfect space for their new business, a homeowner purchasing a public lot to build their dream home or someone new to Alberta looking for a quick possession, Melcor brings people together.

Live. Work. Shop. Play. It’s been 100 years of building communities –and Melcor is just getting started.

“It all began with a man scanning Edmonton’s west horizon, exploring opportunities and achieving his dream of helping young families purchase a home of their own. That man was Louis Timothy (LT) Melton and it was 1923,” shares Timothy Melton, executive chair and CEO. “A century later, his grandchildren and great grandchildren survey the impact that the company has had in the region and realize that indeed, LT Melton’s vision has been realized. Melcor has brought home ownership to tens of thousands of families over the years and has had a substantial impact on shaping the landscape of Alberta.

LT opened the company as a sole proprietorship and named it the Stanley Investment Company. He serviced west Edmonton, selling lots for $100. The down payment was $5. This was the business model until 1942, when the name changed to L.T. Melton Realty (better known in the industry as “Melton”) and the model changed to a corporate structure.