Quote:
New traffic detours loom as Eighth Avenue Place starts work on second massive tower
‘It’s a good headache to have,’ says downtown association director
By Sherri Zickefoose, Calgary Herald March 3, 2012
Construction is to begin in mid-March on a second office tower for Eighth Avenue Place off 5th Street S.W.
Work on the 40-storey, 850,000-square-foot west tower is estimated to wrap by the summer of 2014.
The existing 49-storey tower, comprising 1.1 million square feet of office space, was completed in early 2011 on the site of the old Penny Lane complex.
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Total office demand in Calgary’s downtown commercial real estate market hit a high level in 2011 — more than four times the 10-year historical average.
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Link to the rest of the article
Note that the second tower will now actually be a little bit taller than the one pictured in this rendering:
