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A city block filled with opportunities for Brookfield
In May, Brookfield Office Properties is set to own buildings of an entire city block in one of the most prominent sites in downtown Calgary.
The company has entered into an agreement to purchase the Bow Parkade, a seven-storey public parking facility located on a half city block, for $90 million.
The parkade is located on 2nd Street S.W. between 6th and 7th Avenues. When the contract closes on May 1, it will mean that Brookfield has secured control of the entire block. Brookfield already owns the eastern half of the block, known as the Herald site, on which it has an existing application to construct a 1.2-million-square-foot premier office tower.
Read the full article here.
In May, Brookfield Office Properties is set to own buildings of an entire city block in one of the most prominent sites in downtown Calgary.
The company has entered into an agreement to purchase the Bow Parkade, a seven-storey public parking facility located on a half city block, for $90 million.
The parkade is located on 2nd Street S.W. between 6th and 7th Avenues. When the contract closes on May 1, it will mean that Brookfield has secured control of the entire block. Brookfield already owns the eastern half of the block, known as the Herald site, on which it has an existing application to construct a 1.2-million-square-foot premier office tower.
Read the full article here.