Downtown Calgary Development Incentive Program
Incentive Programs
-
(Revised – March 14, 2023)
Downtown Calgary Development Incentive Program
The revised Downtown Calgary Development Incentive Program supports office space conversions to residential units, hotels, schools and performing arts centres.
-
Downtown Office Demolition Incentive Program
The Downtown Office Demolition Incentive Program supports the demolition of end of life office buildings that are unsuitable for office conversions.
-
Downtown Post-Secondary Institution Incentive Program
The Downtown Post-Secondary Institution Incentive Program provides incentives for office space conversions to post-secondary institutions to establish a greater presence downtown.
Approved projects

The Cornerstone
909 5 Avenue S.W.

Developer: Peoplefirst Developments
Municipal investment: $7,800,000
Scope of conversion: ~104,000 sq. ft.
Total units created: 112
United Place
808 4 Avenue S.W.

Developer: United Canadian Investments Inc.
Municipal investment: $6,600,000
Scope of conversion: ~88,000 sq. ft.
Total units created: 81
Petro Fina Building
736 8 Avenue S.W.

Developer: PeopleFirst Developments
Municipal investment: $9,700,000
Scope of conversion: ~130,000 sq. ft.
Total units created: 105
The Loft
744 4 Avenue S.W.

Developer: Institutional Mortgage Capital
Municipal investment: $3,900,000
Scope of conversion: ~52,550 sq. ft.
Total units created: 55
Palliser One
125 9 Avenue S.E.

Developer: Aspen Properties
Municipal investment: ~$15,000,000
Scope of conversion: ~200,000 sq. ft.
Total units created: 176
Canadian Centre
833 4 Avenue S.W.

Developer: PBA Group of Companies
Municipal investment: $12,375,000
Scope of conversion: ~163,000 sq. ft.
Total units created: 225
Eau Claire Place I
525 3 Avenue S.W.

Developer: Cidex Group of Companies
Municipal investment: $6,000,000
Scope of conversion: ~79,400 sq. ft.
Total units created: 90
Teck Place
205 9 Avenue S.E.

Developer: Cidex Group of Companies
Municipal investment: $8,200,000
Scope of conversion: ~110,000 sq. ft.
Total units created: 113
Petro Chemical Building
805 8 Avenue S.W.

Developer: Cressey Developments
Municipal investment: $4,800,000
Scope of conversion: ~64,000 sq. ft.
Total units created: 85
Eau Claire Place II
521 3 Avenue S.W.

Developer: Pacific Reach Properties
Municipal investment: $11,900,000
Scope of conversion: ~52,550 sq. ft.
Total units created: 195
Have questions?
You can also submit an inquiry to the program team at downtownstrategy@calgary.ca.