General Construction Updates

[Roaring Flames]

This makes me really nervous about Olympic Plaza and Stephen Ave projects, with how long and poorly planned out the Eau Claire plaza project has been under the current council. Just think about how worse it'll get if a conservative council gets in next election, and they start value engineering those projects.

 

[CalgaryTiger]

Doesn't cost any money to close a bike path

This makes me really nervous about Olympic Plaza and Stephen Ave projects, with how long and poorly planned out the Eau Claire plaza project has been under the current council. Just think about how worse it'll get if a conservative council gets in next election, and they start value engineering those projects.

Wasn't the delay a delay in funding?

 

[potatopizzafan]

What is it with the love of rusted steel - I just don’t get it ?

Maybe im blind, but where are you seeing rusted steel?

 

[haltcatchfire]

Splash park is no more, it was replaced with some other type of playground for "all ages". I really wish that they would at least open up the path from the Sheraton to the Jaipur bridge, but that's a no for cited safety concerns. I have a hard time believing that they aren't able to open up the path with construction fencing on either side the way that they had when the construction first began. Rather than figure out a logistical challenge it's easier to just close it to pedestrians for multiple years.

And wait until the 2nd street connection to the pathway gets closed for demolition of the townhouses and green line construction. It’s going to be even more annoying.

 

[haltcatchfire]

Maybe im blind, but where are you seeing rusted steel?

They obviously can see into the future.

 

[Sambo]

This makes me really nervous about Olympic Plaza and Stephen Ave projects, with how long and poorly planned out the Eau Claire plaza project has been under the current council. Just think about how worse it'll get if a conservative council gets in next election, and they start value engineering those projects.

It will get better.

 

[O-tac]

There’s been a massive drill across from the Superstore in Seton. Not sure which project this would be for. Must be for a parkade?

 

[zzkwilliamcanada]

https://www.cbc.ca/amp/1.7270029

 

[JoeUrban]

Wasn't sure of the best place to post but here is the July update of the Downtown Calgary Development Incentive Program (ie office to residential conversion)

https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=298066

So far housing for 2500+ residents

 

[Golfing guy]

Wasn't sure of the best place to post but here is the July update of the Downtown Calgary Development Incentive Program (ie office to residential conversion)

https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=298066

So far housing for 2500+ residents

Love this program. Cities around the world will be copying it. They are all in the same boat as us.

 

[Albertasaurus]

Love this program. Cities around the world will be copying it. They are all in the same boat as us.

It's already gotten lots of attention across Canada and the US (from the Washington Post no less)! 30% vacancies is no longer a Calgary-only problem, and I suspect that if you include vacant sublet space that has not yet come back to market that cities like San Francisco might have higher vacancies than we do. In a way, it's to Calgary's benefit that we we already needed to tackle the vacancy problem well before Covid, it gave us a huge head start.

 

[adamyyc]

Major construction in Calgary's Marda Loop

The City of Calgary saying they're speeding up work for the Marda Loop Main Streets project, but at a cost for people in the area.

calgary.citynews.ca

 

[darwink]

I’d say still that while it is successful it its metric that the metric is the wrong one. The subsidy is large enough I don’t think any market housing should have been eligible.

There is a reason the feds and province hasn’t come in to support it after initial signals of support and even dollars allocate to the general concept: the program is a pure subsidy and doesn’t accrue a public good.

 

[YYCALGARY]

Wasn't sure of the best place to post but here is the July update of the Downtown Calgary Development Incentive Program (ie office to residential conversion)

https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=298066

So far housing for 2500+ residentsI

I wonder if we will get to a point where new office towers will be needed because of the success of conversions like this. I know we have a long way yet to go, but hoping that we incrementally approach a balanced market. Selfishly I just want Calgary to get a supertall.

 

[Mountain Man]

I wonder if we will get to a point where new office towers will be needed because of the success of conversions like this. I know we have a long way yet to go, but hoping that we incrementally approach a balanced market. Selfishly I just want Calgary to get a supertall.

IF that happens, maybe Oxford Tower can come back to life. I'd be surprised to see a major tower be office only though, mixed use seems to be the way to go.