Converting office buildings towards Calle, though challenges star-news.press/wp

Converting offices to housing is not easy, especially when the cost of materials increases, the lack of employees and the price threats will be established in a few days as a reality.

Calgary City has approved all 11 conversion projects, both ending and should be before the end of six.

11 Projects will create new 1498 housing units in the city center, according to the Municipal Administration, is in the process of paying more than $ 200 million, to support promoters to carry out heavy and expensive office transformations.

Office started the funding program to promote the conversion to the housing, in 2021.

This is a state that goes beyond what we thoughtHe said Tom Mahler, Director of Strategy of the City Center.

According to Mary Rowe, President of the Canadian City Institute is Calgary prophetic cityRemembering that the office occupation has declined much earlier than Covid-19 pandemia. Calgary, therefore, forced the other cities to look for solutions to the same situation, he said.

We need a peaceful environment to test some things and that is Calgaryk.

It doesn’t surprise me for more time, because the buildings are not easy, none is easyIt continues.

It is the case of Barron building built in 1951. The costs of transformation were doubled after finding large structural problems.

Albertango Government website indicates that the transformation work has been suspended Increase costs due to market conditions for several occasions.

Riaz Mamdani, President Strategic group In January 2025, it is the owner of 75ear buildings building, in January 2025, the tenant will be able to live in the spring of 2026.

Costs continue to evolve (but) We know where we areHe said, adding the project to cancel the expensive.

Promoter Maxim Olshevsky, owner of the company People’s developmentsHe said the best way to manage economic doubts is to finish quickly. His first project was completed last year and should be in his second fall.

Once we have taken our marks, it has become easierHe said.

CALGARY City indicates its website that the goal is to eliminate Empty office of 6 million square meters for empty 2031.

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