Nine New Office Conversions Signal Downtown Calgary Reinvention
- ClearView Insider
- Dec 5, 2025
- 2 min read
Downtown Calgary is taking a bold stride toward reinvention as the City of Calgary announces nine new office-to-residential conversion projects, adding to what has been a landmark year of transformation for the city’s core.
These projects form part of a larger strategy that has already seen significant progress in 2025 and sets the stage for further momentum in 2026.
The nine newly announced conversions will redevelop approximately 947,000 sq. ft. of office space and deliver 972 new homes downtown.
The full program now supports 21 conversion projects, impacting more than 2.68 million sq. ft. of office space and targeting the creation of 2,655 new homes in the heart of downtown Calgary.
To date, six completed conversion projects have delivered 226 hotel rooms and 490 new residential units — including 170 affordable or below-market units.
The conversions are supported in part by the Downtown Development Incentive, which has unlocked $805 million in private investment across 21 projects. Each $1 of public investment is estimated to generate $4 in private investment and $7 in overall economic impact.
Among the newly announced projects:
The HAT @ 5 Ave (622 5 Ave S.W.) 42,000 sq ft
510 5 Street S.W. 112,000 sq ft
441 5 Ave S.W. 78,000 sq ft
Atrium I & II (839 5 Ave S.W./840 6 Ave S.W.) 209,000 sq ft
TransAlta Place (110 12 Ave S.W.) 133,000 sq ft
Epique House (640 12 Ave S.W.) 35,000 sq ft
Joffre Place (708 11 Ave S.W.) 100,000 sq ft
640 Fifth (640 5 Ave S.W.) 220,000 sq ft
Wicked Hostel/Le Rocc (149 5 Ave S.E.) 18,000 sq ft
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For insights on how these conversion dynamics may influence office leasing strategy, asset repositioning or corporate occupancy planning in Calgary’s downtown core, reach out at info@cvpartners.ca.
Source: City of Calgary Media Relations (Nov 20, 2025) — “Nine new office conversions build on a momentous year of downtown transformation” (calgary.ca)