For reference, there's about 14,100,000 sqft of vacant office space in Downtown. Works out to removing about 3% of the vacancy, or equal to the entirety of then office vacancy in the West End (~498k sqft) [ CBRE Calgary Q1 2022 Report ].
Palliser One was tendered and they were just waiting for confirmation of funding. So this should get started pretty soon.Looks like one of them is Palliser One which was already being converted...or maybe went ahead because of the funding? The other two look like good candidates.
It would be nice if they could do both. The conversion are nice as they are a one time cost, and hopefully never convert back to office. Going forward there will always be that extra population. But yeah, it's also important to draw people into downtown.TBH, with 100% flexible money that could have been spent on literally anything, this $30 million could have been used much more imaginatively. $3 million a year to support live music, pop up galleries, park activations would go much further.
205 9th Ave is underrated. I know this era of architecture is looked down on but I actually think this is a well executed building of that era. Will be nice to have more people on this block, close to Culture and Entertainment District, Arts Commons, Glenbow, etc.