Nine months since we first reported on the 40-storey Stephen Avenue Place Revitalization by Slate, and preparatory demolition work has now gotten underway. The 1980s-era downtown office tower and retail podium at the corner of 2 St SW and 7 Ave SW will be completely remade, with the most dramatic changes to occur at street level.
Fronting onto the bustling 7 Ave SW corridor, and thus directly connected to the CTrain network, the multi-storey retail podium will be transformed from a closed-off, bunker-esque warren of stores and other services, to an airy, modern, downtown shopping centre.
The perfect fit for the base of the 620,000 sq.-ft. office tower, the podium will consist of an Oliver & Bonacini-branded restaurant on the ground floor alongside retail, above which further retail will be placed, with the third floor to be dedicated to a fitness centre.
Part of Slate's ongoing expansion (21 office properties including 12 in the core totalling 2.3 million sq. ft), the Stephen Avenue Place Revitalization project will add significantly to their portfolio. As for the public realm, the project will breathe some much-needed new life into the structure, and will be of benefit to the local streetscape.
SkyriseCalgary will be sure to return to this project as progress continues. For more information, check out the associated Database file and Forum thread, and as always, feel free to join the conversation in the comments section below,
|Related Companies:||Slate Asset Management|