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CalTRACS says 1200 vehicles peak peak westbound in the PM, 800 eastbound in the AM peak hour in May, 2024. That is a marginal drop from pre-pandemic.
The concept, keeping in mind that's what it is and it is not a plan, shows the reversal lane being used as a bike path (pink pathway beside Bow Trail). Could the actual plan still use a reversed lane on Bow Trail to dump cars onto 5th Ave at the corner of Bow Trail and 11st St. I think so and don't see why not?
A lot of interesting variables here - we're supposed to get news on 11th St underpass in fall 2024. I wonder about making 11th St NB only. There's a lot to piece together, but it looks like 50-100 vehicles go SB at either peak, and almost all of them continue SB through the rail crossing (only ~10 turn EB onto each of 8th and 9th aves). A lot of varied local use cases there, but those could change a lot depending on the rail crossing, too.
I think it could in the AM. PM is more challenging, asking two lanes to handle 3600 ish vehicles (the interchange study from 2014+the reversal lane), along with dealing with weaving traffic. flexiposts and enforcing no lane changes, your stuck, from a couple 100 metres past 11th could make it work, maybe.
It would improve the weave situation where the 4th lane and the greyhound route both enter at the same time. The main bottleneck would be under the 14 St bridge. I can see how you might preserve 3 WB lanes through there if the 14th St SB lane wasn't exit only
Interesting, and ATCO has so much experience with modular building. Could be a good fit with a development partner to accelerate housing builds.What is ATCO doing here?
1 Dwelling unit... I think they may be demo'ing a modular "missing-middle" building type.
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I know the Attainable Homes group has a DP being submitted to do exactly that at 1007 6 av sw. The Land use change was approved. 84 unit studio suites built by Atco with zero parking. If DP is approved, they say they will have people moving in next fall.
storeys.com
I can't see this one being residential conversion, they just upgraded it and probably more of a case for Omers/AimCo to sell while CGY office is doing slightly better than few years back.Oxford Properties & AIMCo Sell 4-Tower Bow Valley Square In Calgary For $140M
The Bow Valley Square office complex was acquired by Armco Alberta, subsidiary of George Armoyan's G2S2 Capital Inc.
Last week, Halifax-based G2S2 Capital Inc. announced that it had acquired Bow Valley Square, a landmark office complex in downtown Calgary that spans a full city block.
Financial details were not disclosed, but sources familiar with the transaction told STOREYS the sale price was around $100 per sq. ft, amounting to a price of around $140 million for the property, which consists of 1.4 million sq. ft of office and retail space across 17-storey, 39-storey, 32-storey, and 37-storey towers.
Also...
This is also the latest of a wave of office transactions in Calgary, where around 20 office properties have changed hands since January 2023, many of which were influenced by the potential of an office-to-residential conversion. Cadillac Fairview also sold a 26-storey Class B office tower recently, 635 8th Avenue, which was the second Calgary office property it has sold this year.
Interesting there are so many transactions, does the conversion potential really play that big of a factor?
