The city of Calgary announced two more downtown office buildings have been approved to receive city grant funds for conversion to residential use as part of the Downtown Calgary Development Incentive Program. The program, which aims to address a massive oversupply in the office market and revitalize the downtown core, offers grants for conversions of $75 per square foot, maximizing at $10 million per property.
Two More Office Buildings Added to Downtown Calgary’s Conversion List
More Than 300 Additional Residential Units Will Bring a Diverse Mix of Short-Term Rentals
By Paul Richter
CoStar Analytics
July 15, 2022 | 9:53 P.M.
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IN THIS ARTICLE
- Properties
- Canadian Centre
833 4th Ave, Calgary, AB
- United Place
808 4th Ave, Calgary, AB