News   Apr 03, 2020
 6.1K     1 
News   Apr 02, 2020
 7.7K     3 
News   Apr 02, 2020
 4.6K     0 

Office Space Conversion

With these new projects, the Downtown Calgary Development Incentive is now supporting a total of 21 office conversion projects that are transforming 2.68 million square feet of office space into 2,628 new homes, one hotel with 226 rooms, and a hostel.

So, 12 conversions in total, including Nexen.

Made a list of the 12 completed/in progress projects that with the new 10 total 21 housing/hotel and hostel projects. It is 22 if you include Nexen.

Cornerstone (Completed, with repairs required on the SE corner haha looks like someone with too tall of a trucked ripped off some siding.) Opened 2024 - 112 Homes, including below-market and accessible
Dominion Centre (In Progress) Open 2025 - 122 Homes, including below-market
Element Hotel (In Progress) Open 2025 - 226 Rooms
Place 800 (In Progress) Open 2026 - 204 Homes, including below-market
University of Calgary, "Nexen" (In Progress) No posted open - Campus for over 1,200 students
Taylor Building (In Progress) Open 2026 - 83 Homes
The Loft (In Progress) Open 2025 - 56 Homes
Petro Fina (In Progress) Open 2025 - 103 Homes, including below-market
Eau Claire Place I (Completed) Opened 2025 - 87 Homes
Eau Claire Place II (In Progress) Open 2025 - 195 Homes
Palliser One (In Progress) Open 2027 - 418 Homes, including below-market
Teck Place (In Progress) Open 2025 - 108 Homes

Is there a way to keep record of this list? Maybe someone already has?

Some questions... Where is the hostel? Is the conversion of Hanover not incentivized?

As for the new ones... A new one that we know of but I guess is not fully announced is the conversion of the 606 4th Street. Do we know of any others?
I haven't heard anything about a hostel, but there is the Elements hotel.
 
With these new projects, the Downtown Calgary Development Incentive is now supporting a total of 21 office conversion projects that are transforming 2.68 million square feet of office space into 2,628 new homes, one hotel with 226 rooms, and a hostel.

So, 12 conversions in total, including Nexen.

Made a list of the 12 completed/in progress projects that with the new 10 total 21 housing/hotel and hostel projects. It is 22 if you include Nexen.

Cornerstone (Completed, with repairs required on the SE corner haha looks like someone with too tall of a trucked ripped off some siding.) Opened 2024 - 112 Homes, including below-market and accessible
Dominion Centre (In Progress) Open 2025 - 122 Homes, including below-market
Element Hotel (In Progress) Open 2025 - 226 Rooms
Place 800 (In Progress) Open 2026 - 204 Homes, including below-market
University of Calgary, "Nexen" (In Progress) No posted open - Campus for over 1,200 students
Taylor Building (In Progress) Open 2026 - 83 Homes
The Loft (In Progress) Open 2025 - 56 Homes
Petro Fina (In Progress) Open 2025 - 103 Homes, including below-market
Eau Claire Place I (Completed) Opened 2025 - 87 Homes
Eau Claire Place II (In Progress) Open 2025 - 195 Homes
Palliser One (In Progress) Open 2027 - 418 Homes, including below-market
Teck Place (In Progress) Open 2025 - 108 Homes

Is there a way to keep record of this list? Maybe someone already has?

Some questions... Where is the hostel? Is the conversion of Hanover not incentivized?

As for the new ones... A new one that we know of but I guess is not fully announced is the conversion of the 606 4th Street. Do we know of any others?

Not 100 sure but heard that Chevron building could be next by strategic group.
 
With these new projects, the Downtown Calgary Development Incentive is now supporting a total of 21 office conversion projects that are transforming 2.68 million square feet of office space into 2,628 new homes, one hotel with 226 rooms, and a hostel.

So, 12 conversions in total, including Nexen.

Made a list of the 12 completed/in progress projects that with the new 10 total 21 housing/hotel and hostel projects. It is 22 if you include Nexen.

Cornerstone (Completed, with repairs required on the SE corner haha looks like someone with too tall of a trucked ripped off some siding.) Opened 2024 - 112 Homes, including below-market and accessible
Dominion Centre (In Progress) Open 2025 - 122 Homes, including below-market
Element Hotel (In Progress) Open 2025 - 226 Rooms
Place 800 (In Progress) Open 2026 - 204 Homes, including below-market
University of Calgary, "Nexen" (In Progress) No posted open - Campus for over 1,200 students
Taylor Building (In Progress) Open 2026 - 83 Homes
The Loft (In Progress) Open 2025 - 56 Homes
Petro Fina (In Progress) Open 2025 - 103 Homes, including below-market
Eau Claire Place I (Completed) Opened 2025 - 87 Homes
Eau Claire Place II (In Progress) Open 2025 - 195 Homes
Palliser One (In Progress) Open 2027 - 418 Homes, including below-market
Teck Place (In Progress) Open 2025 - 108 Homes

Is there a way to keep record of this list? Maybe someone already has?

Some questions... Where is the hostel? Is the conversion of Hanover not incentivized?

As for the new ones... A new one that we know of but I guess is not fully announced is the conversion of the 606 4th Street. Do we know of any others?
708 11 Ave SW. https://alstonproperties.com/development/

1749582955400.png
 
Hanover and a few others are outside of the incentive program
Can you list anymore?

Chevron building could be next by strategic group.
So completion sometime in the 2030s, which remind me Barron is a conversion. I thought that was in the program... maybe I remembering wrong.

708 11 Ave SW
Ah yes, was getting Noble and saw this was underway. They have a garbage shoot out the back of the building.
 
With these new projects, the Downtown Calgary Development Incentive is now supporting a total of 21 office conversion projects that are transforming 2.68 million square feet of office space into 2,628 new homes, one hotel with 226 rooms, and a hostel.

So, 12 conversions in total, including Nexen.

Made a list of the 12 completed/in progress projects that with the new 10 total 21 housing/hotel and hostel projects. It is 22 if you include Nexen.

Cornerstone (Completed, with repairs required on the SE corner haha looks like someone with too tall of a trucked ripped off some siding.) Opened 2024 - 112 Homes, including below-market and accessible
Dominion Centre (In Progress) Open 2025 - 122 Homes, including below-market
Element Hotel (In Progress) Open 2025 - 226 Rooms
Place 800 (In Progress) Open 2026 - 204 Homes, including below-market
University of Calgary, "Nexen" (In Progress) No posted open - Campus for over 1,200 students
Taylor Building (In Progress) Open 2026 - 83 Homes
The Loft (In Progress) Open 2025 - 56 Homes
Petro Fina (In Progress) Open 2025 - 103 Homes, including below-market
Eau Claire Place I (Completed) Opened 2025 - 87 Homes
Eau Claire Place II (In Progress) Open 2025 - 195 Homes
Palliser One (In Progress) Open 2027 - 418 Homes, including below-market
Teck Place (In Progress) Open 2025 - 108 Homes

Is there a way to keep record of this list? Maybe someone already has?

Some questions... Where is the hostel? Is the conversion of Hanover not incentivized?

As for the new ones... A new one that we know of but I guess is not fully announced is the conversion of the 606 4th Street. Do we know of any others?
Here a city map with all the incentive driven projects.


Pretty sure the hostel would occupy a section of a building rather than office to hostel 1-1, so it may be a portion of one of these projects.
 
With these new projects, the Downtown Calgary Development Incentive is now supporting a total of 21 office conversion projects that are transforming 2.68 million square feet of office space into 2,628 new homes, one hotel with 226 rooms, and a hostel.

So, 12 conversions in total, including Nexen.

Made a list of the 12 completed/in progress projects that with the new 10 total 21 housing/hotel and hostel projects. It is 22 if you include Nexen.

Cornerstone (Completed, with repairs required on the SE corner haha looks like someone with too tall of a trucked ripped off some siding.) Opened 2024 - 112 Homes, including below-market and accessible
Dominion Centre (In Progress) Open 2025 - 122 Homes, including below-market
Element Hotel (In Progress) Open 2025 - 226 Rooms
Place 800 (In Progress) Open 2026 - 204 Homes, including below-market
University of Calgary, "Nexen" (In Progress) No posted open - Campus for over 1,200 students
Taylor Building (In Progress) Open 2026 - 83 Homes
The Loft (In Progress) Open 2025 - 56 Homes
Petro Fina (In Progress) Open 2025 - 103 Homes, including below-market
Eau Claire Place I (Completed) Opened 2025 - 87 Homes
Eau Claire Place II (In Progress) Open 2025 - 195 Homes
Palliser One (In Progress) Open 2027 - 418 Homes, including below-market
Teck Place (In Progress) Open 2025 - 108 Homes

Is there a way to keep record of this list? Maybe someone already has?

Some questions... Where is the hostel? Is the conversion of Hanover not incentivized?

As for the new ones... A new one that we know of but I guess is not fully announced is the conversion of the 606 4th Street. Do we know of any others?
I'll copy this info over to the Office to Residential thread and we can update the first page with current list, the way we update the crane thread.
 
So completion sometime in the 2030s, which remind me Barron is a conversion. I thought that was in the program... maybe I remembering wrong.
Barron is getting money from the city, but separate from the office to residential program. I think they were getting more money per square foot than the program allowed or something along those lines, so it was done as a separate deal.
 

Back
Top