“Adding vitality to the west end of our downtown area, an area that was currently quite focused commercially, goes a long way toward making Calgary safer for everyone at all times.”
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Two 4th Avenue SW buildings are slated to be the last of downtown’s barren offices converted into residences as part of a larger plan to revitalize the core, city officials announced Wednesday.
Announcement 2
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United Place, at 808 4th Ave. SW, and Canadian Center, at 833 4th Ave. SW, will be the last vacant spaces to be converted into homes through the city’s Downtown Calgary Development Incentive Program. They will be the fifth and sixth buildings to be converted through the program, with three more locations expected to be announced in the future.
District 7 County. Terry Wong said the two projects will convert 251,000 square feet of empty office space into 306 new homes. The projects have been approved to receive approximately $18.4 million from the city upon completion.
“These two projects will bring new life. . . (a) underutilized buildings by converting empty office spaces into new homes,” Wong said. “Adding vitality to the west end of our downtown area, an area that was currently quite focused commercially, goes a long way toward making Calgary safer for everyone at all times.”
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United Canadian Investment Inc. will lead the conversion of United Place. Mandeep Tathgur, a company spokesman, said the building is in a prime location and is perfect for a residential conversion.
“United Place is wonderfully located within easy reach of great shopping opportunities like Kensington and has a wide variety of modes of transit available, from buses to LRT,” said Tathgur.
Sarbjeet Sahota, CEO of United Canadian Investment Inc., said in a press release that the project will include a mix of residential properties, a daycare center, a cafe and an outdoor plaza.
PBA Group of Companies will be in charge of the conversion of the Canadian Center. That project is expected to include a cafe and patio on the main floor, bike parking and repair facilities, a restaurant and gathering area on the second floor, along with outdoor gathering spaces on the top three floors.
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The city previously announced that The Cornerstone on 5th Avenue SW and Palliser One and Teck Place on 9th Avenue SE will be converted to residential suites as part of the development incentive. The city also announced that three more projects will be approved and applications will reopen later this month for new redevelopment projects.
The city plans to reopen Phase 1 applications later this month for projects to be considered, and will begin receiving letters of expression as part of Phase 2 of the downtown incentive program that will put an emphasis on transforming space into hotels. , laboratories and other functional spaces.
Deborah Yedlin, president of the Calgary Chamber of Commerce, welcomed the latest project approvals, saying conversions that draw people who will need services around them are an organic way to generate growth.
“Increasing the number of people living downtown is good for the city and really gives it a different character,” Yedlin said. “You go to the big cities around the world and that’s what you see, the small businesses that support those who live in the area.”
