Calgary: Major development proposal could transform Stephen Avenue block

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Calgary: Major development proposal could transform Stephen Avenue block
Calgary: Major development proposal could transform Stephen Avenue block

A local firm could make Calgary home to the tallest building in Western Canada once again, as part of a massive downtown project the likes of which the city has not seen in years.

Triovest filed a development permit April 21 with schematics for a mixed use three-tower complex on Stephen Avenue. The project would eat up almost the entirety of 7th and 8th avenues S.W. between Centre Street S. and 1st Street S.W.

Architectural drawings submitted to the city include a 66-storey condo tower, a 54-storey rental tower and a 24-storey office tower.

Triovest declined a request for an interview, but issued a statement.

“Our approach to real estate has always been to improve and enhance properties to achieve their full potential,” Ryan Schott, vice-president of marketing and communications, said in the statement. “This approach includes a robust exploration of potential community, social and economic benefits.”

No timeline was given for the project.

The building is being designed by local firm Gibbs Gage Architects, which declined to comment.

The Stantec Tower in Edmonton, completed in 2019, is the current title holder at 66 storeys and 251 metres. Upon its completion, it bumped Calgary’s Brookfield Place East (56 storeys, 247 metres, completed in 2017) from the top spot.

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