Quote:
Originally Posted by Northendzone
anyone have any thoughts, comments, insights on this new development planned for stephen ave?
stuns me that there are folks somewhere that are ready to roll the dice that this will pay off, but maybe i am just afraid to be rich.
https://calgarysun.com/business/mass...8-41e773b7902b |
Quote:
Originally Posted by J pold
I'm in the commercial real estate industry. There is strong speculation that the development would be Suncor's new HQ location. Their lease in Suncor Energy Centre is up in 2028 (pretty sure) and they've been out in the market teasing a new development for the last couple of years. At first, most thought it was just a negotiation tactic to get their Landlord to renegotiate their lease early, but with this news, they may actually be doing it.
The other rumor was they want a development that would be run off 100% renewable energy, LEED & WELL certified. Basically using the office space to drive their ESG rating.
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I mentioned this on Skyrise, but if any development was to come into fruition here, I think it would be ideal to move Centre Street station to this block, so 1 Street SW Station goes in both directions, and is closer to the 1 Street transit corridor where lots of buses go down.
With the BMO Centre expansion, not sure if Telus Convention will be needed anymore, and could be reimagined.
Either way, be nice to finally have something done with that block. Hopefully they can incorporate the current buildings into the design to maintain character on the street. Could turn it into a pretty could block if done right.