Page 3 - Peoplefirst Developments News Today

A 10-storey office building that sat vacant for nearly a decade in downtown Calgary is being given new life, by being converted into a residential building with 112 units.

COVID still has a lasting impact on how and where people work and the Greater Vernon Chamber of Commerce is recommending innovative ways to adjust to the changes.One of those changes is that more people are still working

“We need a catalyst, a demand generator, an anchor of some sort," says CBREs Greg Kwong of downtown Calgarys struggling west end.

Conversions are a feel-good solution to the twin dilemmas of excess office space and a lack of affordable housing. Find out more

A Canadian real estate developer has submitted plans to the City of Calgary to build a tower project with potential to transform the downtown skyline.

The projects will remove 414,000 square feet of downtown office space and replace it with 401 residential units.

City officials have announced the first three downtown buildings that will see vacant office space repurposed into residential housing as part of Calgarys Downtown Calgary Development Incentive Program.