{"id":32983,"date":"2025-10-28T23:21:13","date_gmt":"2025-10-29T06:21:13","guid":{"rendered":"https:\/\/essential.construction\/news\/conversion-of-office-space-to-residences-on-track-in-calgary\/"},"modified":"2025-10-28T23:21:13","modified_gmt":"2025-10-29T06:21:13","slug":"conversion-of-office-space-to-residences-on-track-in-calgary","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/conversion-of-office-space-to-residences-on-track-in-calgary\/","title":{"rendered":"Conversion of office space to residences on track in Calgary"},"content":{"rendered":"

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Construction is underway on 166 housing units as Dream Office REIT and Pomerleau Capital partner on a $70M office-to-residential conversion project in Calgary.<\/p>\n

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\"Calgary's<\/a><\/p>\n

Calgary\u2019s skyline will soon include more than 160 office-to-residential units in the city\u2019s downtown core. (Photo: Gelu Popa \/ iStock \/ Getty Images Plus via Getty Images)<\/p>\n<\/div>\n

Construction has started on a project that will convert 135,000 square feet of underused office space into 166 new homes in Calgary\u2019s core. Partnering on the $70 million office-to-residential conversion project are Dream Office REIT and Pomerleau Capital, the financial arm and investment fund manager of Pomerleau.<\/p>\n

The redevelopment of the former Barclay Centre, located at 606 4 Street SW in downtown Calgary, will include a mix of studios, one-bedroom and two-bedroom suites, with 27 per cent of the units designated as affordable housing, directly supporting Calgary\u2019s housing needs and aligning with municipal policies promoting adaptive reuse and urban densification.<\/p>\n

The project is the first collaboration between Dream and Pomerleau Capital and is also Pomerleau Capital\u2019s first investment in an office-to-residential conversion. Construction is being led by ITC Construction Group, one of the largest residential construction companies in Western Canada and a wholly owned subsidiary of Pomerleau.<\/p>\n

\u201cThrough our collaboration with Pomerleau Capital, this project showcases how innovation in design and development can redefine urban living. By thoughtfully adapting existing spaces, we\u2019re creating distinctive homes that contribute to a more sustainable and connected downtown community,\u201d stated Jay Jiang, chief financial officer of Dream Office REIT.<\/p>\n

\u201cWe all know that housing needs are significantly growing across Canada. This transformation of unused offices into market and affordable housing is precisely the type of project we\u2019re eager to take part in, as it offers a practical solution to the housing challenges,\u201d added Philippe Adam, president and CEO of Pomerleau. \u201cWe are proud to be part of a partnership that delivers real solutions for communities, and we look forward to future collaborations with Dream.\u201d<\/p>\n

The first units are expected to be completed in 2027.<\/p>\n

www.dreamofficereit.ca<\/a><\/p>\n

www.pomerleau.ca<\/a><\/p>\n<\/div>\n