Calgary\u2019s newest office-to-residential conversion is completed and welcoming residents. <\/p>\n
The HAT @ NINTH has 108 rental suites in the heart of Calgary\u2019s downtown, at 205 9 Street SE, near the Glenbow, Werklund Centre, and Olympic Plaza. <\/p>\n
\u201cThe HAT @ NINTH is a bold example of how we are turning Calgary\u2019s challenges into opportunities. By transforming empty office space into much-needed homes, we\u2019re breathing new life and safety into downtown and building a vibrant community in the heart of our city\u2019s arts and culture district. This is the future of Calgary: innovative partnerships, more homes that Calgarians can afford, and a safe, thriving downtown,\u201d said Mayor Jeromy Farkas.<\/p>\n
The building was constructed in 1966 and first opened as the Natural Resources building. <\/p>\n
The city says the conversion has paid mind to preserve some of its unique architectural elements of the building. Modern upgrades include the addition of recessed balconies, and new doors and windows for energy efficiency. <\/p>\n
This conversion project addresses housing demand, according to the city, and has a variety of layouts and price points for modern one-and-two bedroom suites. <\/p>\n
The HAT @ NINTH is the seventh office-to-residential conversion completed under Calgary\u2019s Downtown Development Initiative. It received $8.3 million in program funding. <\/p>\n
The incentive program offers eligible projects as much as $75 per square foot of office space converted for residential use. <\/p>\n
\u201cTogether with our partners, we\u2019re replacing empty office buildings with new purpose and bringing fresh energy to the city,\u201d said Thom Mahler, The City\u2019s Director of Downtown Strategy. \u201cThese conversions are generating $4 of private investment and $7 in total economic impact for every $1 of City investment, and bringing life to our vision of a revitalized, lively, and diverse downtown.\u201d<\/p>\n
Twenty-one office conversion projects are currently being supported by the city\u2019s program, transforming nearly three million square feet of underutilized office space into 2,600 new homes, 226 hotel rooms, and a hostel.<\/p>\n","protected":false},"excerpt":{"rendered":"Calgary\u2019s newest office-to-residential conversion is completed and welcoming residents. The HAT @ NINTH has 108 rental suites in…\n","protected":false},"author":2,"featured_media":518849,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194293],"tags":[49,2798,48],"class_list":{"0":"post-518848","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-calgary","8":"tag-ca","9":"tag-calgary","10":"tag-canada"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/518848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=518848"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/518848\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/518849"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=518848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=518848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=518848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}