Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.
As efforts to revitalize Calgary’s downtown accelerate, the western side of the city’s core is now squarely in the sights of policymakers and local business leaders. The study by the Calgary Office Revitalization and Expansion working group pointed out that more than half of the overall office vacancy in Calgary is from buildings located west of 5More than 90 per cent of the city’s older Class B and C office buildings are situated in this area.
It includes the Peoplefirst Developments project at 909 5 Ave. S.W., which will convert 104,000 square feet of office space into 112 units, including two- and three-bedroom apartments. Civic leaders know a broader vision for the entire west end is needed, similar to the strategy that successfully guided the East Village’s transformation.
“There’s a sense when you go there that you’re not really sure what kind of neighbourhood this is — and it’s that area that we’re really starting to turn our mind to,” Mahler said in a recent interview.According to commercial real estate firm CBRE, the vacancy rate at the end of the third quarter for the downtown’s western end stood at nearly 37 per cent.Article content
You Knew that when you guys approved more commercial towers to get built Residential side has been screaming for that attention for 20 years and you ignore it because you get great Airbnb rates for your basement
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GlobalCalgary - 🏆 50. / 61 Read more »
Source: GlobalCalgary - 🏆 50. / 61 Read more »
Source: GlobalCalgary - 🏆 50. / 61 Read more »
Source: GlobalNational - 🏆 81. / 51 Read more »
Source: AvenueMagazine - 🏆 40. / 63 Read more »
Source: GlobalNational - 🏆 81. / 51 Read more »