1
PALLISER ONE 125 9 AVE. S.E. ASPEN PROPERTIES
RESIDENTIAL SUITE
SOCIAL HUB
AMENITY LOUNGE
ROOFTOP PATIO
Program include: Palliser One (125 9 Ave. S.E.) – Aspen Properties; Teck Place (205 9 Ave. S.E.) – Cidex Group of Companies; and The Cornerstone (909 5 Ave. S.W.) – Peoplefirst Developments. The three projects, which will receive approximately $31 million from the $100-million city fund, will remove about 414,000 square feet of office space and create around 401 new downtown homes. Greg Guatto, president and CEO of Aspen Properties, says the Palliser One project converts about 200,000 sq. ft. of office space 14
BOMA CALGARY BUILDING GUIDE 2022-2023
2
TECK PLACE 205 9 AVE. S.E. CIDEX GROUP OF COMPANIES
“We looked at the current state of the office market and considered our portfolio and said, if there’s an asset we thought was suitable for residential, it would be this one given its location and ability to lease.” —Greg Guatto to 176 apartments, featuring a mix of one and two bedrooms. The 27-storey office building on the east side of the Calgary Tower has close to 400,000 sq. ft. in total. The project will include an amenity lounge midway through the building, providing residents with a modern common floor featuring games areas, a
workspace section, a kitchen/bar area, lounge seating and an outdoor barbecue space, as well as a rooftop patio. “We know that asset really well. We’ve owned Palliser Square Block for 12 years and operated One Palliser Square as an office tower,” says Guatto. “One Palliser Square is a
PALLISER ONE, THE CORNERSTONE, UNITED PLACE ILLUSTRATIONS USED BY PERMISSION; PALLISER ONE, TECK PLACE, CANADIAN CENTRE PHOTOS BY ERIN BROOKE BURNS
PROPOSED EXTERIOR VIEW