× Select City
Real Estate, Transportation, Architecture & Design, Development, Urbanized, News

New $80 million East Village parkade could convert into condos

DH Calgary Staff Jan 24, 2018 1:37 pm 506

A new $80-million development in Calgary’s East Village is offering over 500 new parking spots for the area, and it happens to be a glimpse into the city’s future.

The project is taking a future-focused approach during its design and development, as it will be built on the assumption that Calgarians will become less dependant on human-driven cars in the coming decades.

Calgary Municipal Land Corporation (CMLC) is the master developer of East Village, and announced plans for the new building in a release on January 23.

See also

Built with higher ceilings, a central atrium space, and an adaptable structure, the new parkade will have the ability to convert into office space or condominiums.

“The 9th Avenue Parkade is an innovation in the design of structured parking” said Shelley Trigg, acting general manager of Calgary Parking Authority, in a statement.

“Our business model is changing rapidly and we need to be open and responsive as the demand for parking shifts. Our intention is to provide parking structures that can service today’s needs but have the ability to convert into residential, commercial or mixed-use space.”

In its first few years of operation, at least, the parkade will supply more than 500 stalls to the surrounding businesses, which include the New Central Library and Studio Bell.

It will also be home to Platform, a centre that will focus on encouraging ideas, innovations, and entrepreneurs in Calgary, and will be a multi-use space open to those who need it.

“The inclusion of Platform into the parkade design creates a home base for a concentration of smart, creative Calgarians living, working, and creating in the community,” said Michael Brown, president and CEO of CMLC, in the release.

“This is exactly the type of energy we have imagined for East Village when we started the redevelopment program 10 years ago.”

Groundbreaking is expected to happen in 2019, and the completed building will span a total of 250,000 sq. ft.

See also

DH Calgary Staff
Daily Hive is the evolution of Calgary Buzz.

© 2018 Buzz Connected Media Inc.