I happened to come across a reclad in Manhattan that made me feel not as bad about what's happening in Calgary:
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Apparently the building was about to get a historical designation, so the owner stripped off all the ornamentation and replaced it with the cheapest possible siding. I don't know how some people can sleep at night.
Before: (2019)Not a full reclad, but this is the former Birchcliff Energy building on 4 Ave SW between 5th and 6th St. It took some digging because I couldn't really find much about the project, but it appears it will be known as The Westley Hotel and it will be part of The Tapestry Collection from Hilton. Looks like there will be patios on both the East and West sides.View attachment 276942View attachment 276944
I meant within reasonable grounds. If there was a choice between renovating an office tower in "hopes" of getting new tenants or just taking your loss now and selling the land to a developer. Theres no way the office market will be able to convert or renovate their way out of this mess. It's going to take a lot of creativity or just hitting the reset button on downtown and bring in more residential towers with ground level retail. Or the only other option is to renovate or convert at a snails pace and let most of those vacant buildings sit vacant for decades more, as a result we get a massive tax hole and a dead downtown core. No one wins with the latter optionThat's simply not how capitalism and democracy work. Can't just appropriate and demolish structures because they're empty. Smaller offices are slowly and surely being converted already, with more to come.