Downtown Calgary Development Incentive Program

Downtown Calgary Development Incentive Program

The Downtown Calgary Incentive Program is a cornerstone of The City’s Downtown Strategy and a major driver of the vision and goals of Calgary’s Greater Downtown Plan. The program supports downtown property owners to redevelop or remove underused office space and bring in a greater mix of amenities and services that support a thriving and resilient downtown community.

Downtown is the economic and cultural heart of Calgary. It is the central hub for business, innovation, and creativity. A thriving downtown means a thriving Calgary. Repurposing vacant office space in the downtown to diversify the types of uses, and users will contribute to a vibrant, thriving and resilient neighbourhood.

Program Categories


Revised 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 Post-Secondary Institution Incentive Program

The Downtown Post-Secondary Institution Incentive Program provides incentives for Calgary’s post-secondary institutions to establish a greater presence downtown.

Downtown Office Demolition Incentive Program

The Downtown Office Demolition Incentive Program supports the demolition of office buildings that are unsuitable for office conversions.

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

Building amenities:

  • The main floor will include retail and amenities for residents and the surrounding community
  • The second floor will be built out into a coworking space for small businesses – supporting, entrepreneurs, and residents in the area.

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

Building amenities:

  • Main floor café and patio
  • Bicycle parking and repair facilities
  • Second floor restaurant and gathering area
  • Outdoor gathering spaces on the 10-12 floors

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

Building amenities:

  • Parkade/EV charging stations for resident bikes and cars
  • Fitness room
  • In-house daycare and plaza activity area
  • Café/restaurant with plaza seating area
  • Community flex space
  • Rooftop space/patio

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

Building amenities:

  • Ground-level outdoor park and skating rink
  • Fitness facility
  • Resident amenity lounge, located midway through the building, will provide residents with a modern common floor featuring games areas, a workspace, lounge seating, a kitchen/bar area, and an outdoor BBQ space
  • Rooftop patio  

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

Building amenities:

  •  The main floor will include an artists studio and amenities for residents and the surrounding community

Still 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. ​