CALGARY – Cadillac Fairview has opened Calgary City Centre, a 36-storey, 853,000-square-foot office complex occupying a four acre city block at 2nd Street SW and 3rd Avenue SW.
The tower, which is 92 per cent leased and built to LEED (Leadership in Energy and Environmental Design) Platinum, Core and Shell standards, is immediately adjacent to the Bow River parkway system and linked to the Plus 15 walkway via two bridge connections.
"When we acquired this city block in 1997, our vision was to extend the downtown core northward," said John Sullivan, president and CEO of Cadillac Fairview. "Taking the long-term view, we saw the unrealized potential of this area and created a master plan for an unparalleled environment tailored to the needs of Calgary business leaders, their teams and their clients."
The opening marks the culmination of 15 years of planning and design, as well as three years of construction to complete Phase I, a process which endured the 2013 flood and recent energy market turmoil, a release explains.
"Although it’s a challenging time to open an office building in Calgary, the fact that we are 92 per cent leased speaks to the fact that we and our clients believe in the long-term prosperity of Calgary, and we are prepared to invest in quality properties for the long-term," said Wayne Barwise, Cadillac Fairview’s executive vice-president, development.
Cadillac Fairview attributes the project’s success to effective marketing of both the master plan and the office tower. Its design was promoted as providing both a visual focal point and functional connectivity in Calgary’s downtown landscape while delivering a positive client and pedestrian experience.
The centre includes a technologically advanced, digitally purposed conference centre that can accommodate over 270 people and a fitness centre for all building occupants.
Recognition of Calgary City Centre’s unique design has come early, with it recently winning the Calgary Downtown Association’s Downtown Vitality Award in Urban Design for its animated rooftop lighting feature. These awards are given annually to businesses and organizations for significant achievements in enhancing the vitality of the city’s downtown.
In May, Calgary City Council approved Phase II of the site’s master plan, featuring an additional 500,000 square feet of office space and an executive-class hotel.
The timing around Phase II will be dependent on a variety of market conditions.
After more than a decade of planning and three years of construction, Cadillac Fairview has opened Calgary City Centre, a 36-storey, 853,000-square-foot office complex occupying a four acre city block in the city’s downtown area.
Photo: Cadillac Fairview"
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