Strategic Group to convert Barron building into residential rental units, instead of office space, as originally envisioned. Given the glut of vacant office space in the Calgary market, this is wise. And more residential downtown will add to the vibrancy!
December 12, 2018 11:37 am
Calgary developer sees new possibilities by converting office buildings into homes in the downtown core
By Doug Vaessen Reporter Global News
With a downtown office vacancy rate over 27 per cent, developers in Calgary are rethinking the best way out of a crisis.
Where others see obstacles, Strategic Group sees opportunity by converting office space into new homes.
After being vacant for years, the Art Deco classic Barron building on 8 Avenue S.W. between 5 and 6 streets will have 94 new rental apartments when it comes online in 2020.
https://globalnews.ca/news/4755311/calgary-developer-office-building-residential-conversions/