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Originally Posted by zahav
I am glad to see you are optimistic, I have not heard many people refer to the current situation there as a "turnaround" or "goin wild", in fact quite the opposite. How many new office towers and condo towers are currently under construction with cranes up? As we all know, digging and excavating is not "under contruction" by SSP rules. I hope there is a turnaround but a lot of other measures point to it being more challenging now than this time last year even.
Are there any more office to condo/rental conversions planned? I'm guessing there will be a some office space added to the amounts once Telus Sky opens (ie. Telus probably moving employees from other buildings here). These conversions are good for providing housing and reducing the vacancy rate. Of course it isn't a decision made lightly, since it is hard to go back once these office become residences.
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There are currently 15 high rises (35 to 222 meters) under construction (past excavation state/cranes up) at the moment, 2 set to begin construction before the new year (stalled projects already at grade, construction restart confirmed), 1 historic office highrise currently being converted to residential, 2 towers currently under excavation (1 hotel, 1 residential), another office tower conversion set to begin construction "soon", and another 50ish multi-family low to mid rises throughout the inner city alone.
We have more high rises UC than Edmonton and Ottawa combined, and have since before the recession started. There's a lot of reason for optimism as far as the urbanization/intensification of the Calgary inner city goes. Not only is the population exploding, there's also an unprecedented amount of investment in public infrastructure underway. Despite the maddening debacle going on with the Green Line
As far as office conversions go, it's my dream that all four towers of Bow Valley Square will eventually be converted. It would be an amazing location and add about 2000 people to the centre of the core. Dreams...