Looks like they're just prepping it for use:
Quote:
In this first stage of development, the area will be closed off to the public and heavy equipment will begin earthwork and the construction of underground water utilities, a roadway, sidewalk and street lighting.
Once complete, the property will be subdivided into lots for mixed-use development, which can include a combination of residential, office and commercial space. This type of development is most commonly used in Transit Oriented Developments to take advantage of nearby transit options and reduce the need for personal motor vehicles.
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http://www.calgary.ca/CS/OLSH/Pages/...velopment.aspx