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.
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.
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.