[FCC1982]

Parker: Armco invests in future of downtown with purchase of First Canadian Centre

First Canadian Centre has been acquired by Armco Capital, its third large investment in the downtown office market, writes David Parker.

calgaryherald.com

Thanks for posting that article.
They talk about considering a residential tower on the vacant east portion of the site - god I would love if they went with the original 64 storey version of the existing tower.

 

[FCC1982]

Nothing to do with the Calgary tower or new supertall....Think more, something high end that "Calgary doesn't have but needs". There are a lot of things coming down the pipeline in the next 3 years.

Fieldhouse ?
A new stadium to replace MacMahon would be awesome.

 

[Surrealplaces]

Thanks for posting that article.
They talk about considering a residential tower on the vacant east portion of the site - god I would love if they went with the original 64 storey version of the existing tower.

I still love that original proposal for FCC. If they had built that second tower, it would be a standout, not just for the height, but architecturally as a cool looking design.

 

[CT_]

The plans do indeed say 71 storeys for the W.

We should update the height in the database to match.

 

[UrbanWarrior]

What is the height update?

 

[FCC1982]

Still 277.3 to the roof - no?

 

[FCC1982]

I still love that original proposal for FCC. If they had built that second tower, it would be a standout, not just for the height, but architecturally as a cool looking design.

Exactly - I love the SOM design.
I'm still holding out hope

 

[Calgcouver]

Certainly doesn't qualify as "high end" but more urban format retail in Beltline would be nice...would love a Costco.

View attachment 677102

This would work well on the metro ford site or another lot on the south side of 9 ave

 

[O-tac]

Hopefully this and not another unprotected heritage property that Truman bulldozes.

 

[FCC1982]

I still love that original proposal for FCC. If they had built that second tower, it would be a standout, not just for the height, but architecturally as a cool looking design.

I found another story about FCC being bought by Armco back in Nov. 2024. This quote gives me hope:
"Very proud of our newest acquisition," added George Armoyan in a comment on the post. "I can’t wait to start the new residential tower on the existing foundations and underground infrastructure.”

Armco Buys First Canadian Centre In Calgary For $46.5M, Planning Second Tower

The First Canadian Centre sits at 350 7 Ave SW in Calgary and was acquired by G2S2 Capital Inc. through Armco Capital Inc.

storeys.com

Sorry to clog up the Stampede Station thread with this tangent - feel free to move.

 

[CallmeCatbread]

Armco's portfolio is virtually non existent. That doesn't give me much hope.

 

[FCC1982]

I noticed this sign on site today (not sure how long it’s been up:

You’ll see a website noted:
wjwmarriotbytruman.ca.

I checked it out and noticed there is an info webinar on Sept. 4th but you need to register:

 

[randomuser]

Maybe a high end mall/street with luxury stores? Or our own version of Times Square

Times Square is not luxurious... it is a tourist trap.

Our version of Yorkville or Alberni Street (Bute to Burrard) would be a more apt comparison.

 

[Albertasaurus]

Honestly, for me a "high-end retail street" is way down in my list of things we are missing right now. I'd prefer something that us plebes can enjoy. Really digging the movie theatre idea, especially since we've lost the Eau Claire cinemas. Just generally, I'd like to see more amenities that make day-to-day living and working in and around the city centre easier.

 

[trtcttc]

Honestly, for me a "high-end retail street" is way down in my list of things we are missing right now. I'd prefer something that us plebes can enjoy. Really digging the movie theatre idea, especially since we've lost the Eau Claire cinemas. Just generally, I'd like to see more amenities that make day-to-day living and working in and around the city centre easier.

It's also very hard to "create" a high end retail street, or any type of street. They have to develop organically because no developer can buy an entire street to redevelop the whole thing. We see 17th transform over time and extend with each new building proposed/developed. Whatever Truman is looking at is probably contained to one location.

I wonder if they're looking to diversify their business and will be part of city initiatives like GamePlan where they're the development partner on recreation centres to help improve cashflow and buttress against some of the challenges in the condo market.