Downtown-Calgary-office-to-residential-project officially launched under city’s new incentive program
Announced in the spring of 2022, the project was one of three set to receive about $31 million when the conversions were concluded.is at 70 per cent capacity and has undergone a remarkable transformation in under three years says Heather Weir, vice president of Astra Group and chief financial officer of Peoplefirst Developments.
The heritage Petro Fina building is officially under construction with 104 units on the market by the end of 2025. “We do have affordability built into each of our projects. That’s approximately 40 per cent of units offered at approximately 20 per cent below market rate.”
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