Caution | Mandatory Outdoor Water Restrictions

Due to continued dry conditions, mandatory Stage 1 Outdoor Water Restrictions are in place until further notice.

Visit Calgary.ca/restrictions for more information.

Downtown Calgary Development Incentive Program

Downtown Development Incentive Programs

The Downtown Development Incentive Programs are designed to support the revitalization of Calgary’s downtown core by encouraging the conversion of underused office space into residential units, post-secondary institutions, and other active uses, and by incentivizing the demolition of end-of-life office buildings.

These programs are part of The City of Calgary’s goal to remove six million square feet of office space from the downtown area by 2031, which will help to address the issue of oversupply and create a greater diversity of uses and more vibrant downtown. By supporting the repurposing of office space and incentivizing the removal of office buildings unsuitable for conversion, these programs will help to create a more dynamic and resilient downtown.

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.

5 ave project

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.

Tech place

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


This information has no legal status and cannot be used as an official interpretation of the various bylaws, codes and regulations currently in effect. The City of Calgary accepts no responsibility to persons relying solely on this information. Web pages are updated periodically. ​