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Cadillac Fairview Officially Opens Calgary City Centre
Jun 20, 2016

 

CALGARY, June 20, 2016 – Cadillac Fairview is proud to celebrate the official opening today of 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% 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.

 

"Although it’s a challenging time to open an office building in Calgary, the fact that we are 92% 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 promoted as providing both a visual focal point and functional connectivity in Calgary's downtown landscape while delivering a positive client and pedestrian experience.

Amenities and Art
Calgary City Centre highlights the amenities which enhance this experience and serve to future-proof the complex. These include a technologically advanced, digitally purposed conference centre which can accommodate over 270 people and a first-class fitness centre for all building occupants.

 

Calgary City Centre pays particular attention to its pedestrian spaces with permanent displays of public art creating a stimulating and rich presence to the lobby and mezzanine levels, while serving to support Canada’s artistic community.  Certain pieces have been commissioned specifically for the space, others acquired as existing artworks.  Contemporary Canadian artists including Christian Eckart, Susanna Heller, Eleanor Bond, Zachary Logan and Michael Morris are all prominently featured.

 

Early Industry Acknowledgement

Recognition of Calgary City Centre’s unique design has come early, 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.

 

Phase II Approval

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 commencement of Phase II will be dependent on a variety of market conditions. 

 

About Cadillac Fairview

Cadillac Fairview is one of the largest owners, operators and developers of best-in-class office, retail and mixed-use properties in North America. The company also invests in retail, mixed-use and industrial real estate in Brazil, Colombia and Mexico.

 

Valued at more than $29 billion, Cadillac Fairview owns over 37 million square feet of leasable space at 71 properties in Canada, including landmark developments, such as Toronto-Dominion Centre, CF Toronto Eaton Centre, CF Pacific Centre and CF Chinook Centre.

 

Cadillac Fairview has been wholly owned by the Ontario Teachers’ Pension Plan since 2000. Ontario Teachers’ is a diversified global investor and administers the pensions of more than 300,000 active and retired school teachers.