Cadillac Fairview begins Phase 1 of its Calgary City Centre development site
The Cadillac Fairview Corporation Limited has begun development of Calgary City Centre Phase 1, which comprises a 36-storey, LEED Gold Core and Shell, Premium AA office tower, totaling 853,032 square feet with a retail podium, and five levels of underground parking with 632 stalls. The office tower has been designed by Zeidler BKDI Architects and the prime contractor is PCL Constructors, Inc. Construction is scheduled to begin in May with first tenant occupancy expected by March 2016.
The Phase 1 office tower is part of a larger mixed-use development which incorporates office, retail, a 5-star hotel and luxury condominium residences. Calgary City Centre covers a full city block of 3.2 acres, located at 2nd Street SW and 3rd Avenue SW.
“Calgary City Centre reinforces Cadillac Fairview’s strategy of expanding our core property assets, office and retail, in key urban markets. Through Calgary City Centre and our recently expanded Chinook Centre we are committed to, and investing in the long-term future of Calgary,” says John Sullivan, president and CEO, Cadillac Fairview.
Located immediately adjacent to the Bow River parkway system and connected to the heart of the city’s business community, the second floor of the office tower will be connected to the Plus 15 walkway system via three bridge connections across 2nd (to Livingston Place) and 3rd Streets SW (to Devon Tower) and 3rd Avenue SW (to Jamieson). The typical floor plate size is 26,782 square feet, providing for efficient office areas and the potential for eight corner offices per floor.
“Calgary City Centre is about city building,” says Wayne Barwise, executive vice president of development at Cadillac Fairview. “We are transforming a significant business precinct of the city by connecting four city blocks with three Plus 15 bridges. Our mixed-use development will create a vibrant and active streetscape with office, retail, residential, dining and hotel facilities. Additionally, the office building will expand our portfolio and provide state-of-the-art premises for the growth of many of our corporate clients.”