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City announces five downtown residential projects, including two office conversions
Calgary announces five downtown residential projects, including two office conversions, as part of its downtown revitalization strategy. The projects, supported by over $20 million in city incentives, will add 1,100 housing units and leverage over $350 million in private investment. The city aims to convert vacant office space into active communities, addressing downtown office vacancies that peaked in 2021. The projects include three residential tower developments and two office-to-residential conversions, scheduled to open between 2027 and 2028.
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