Calgary Real Estate Landscape – The Bow Tower
Remember Back to June 13th, 2007? That was the day that Downtown Calgary’s Real Estate Landscaped went under the knife. Just a couple of months later 6th Avenue was closed to allow for excavation of the six level underground parkade. The never ending line of Cement trucks started piling in to pour the 18,000 cubic yards of concrete to fill the 30,000 sq.ft. foundation. 36 Hours of non-stop pouring and the birth of the bow was firmly set into Calgary’s roots.
Fast forward to today. The craftsmen are in finishing the walls, installing flooring and putting the final touches on this 1.7 Million square foot crecent. By most accounts, the project is still on time. As far as the $1.4 Billion budget… How about that weather eh?
So we know that Encana and Cenovus will be the major tenants in the building, so it’s vacancy rates should be quite managable, but what about all of the other properties that will be vacated by Encana and Cenovus all througout downtown Calgary?