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Eighth Avenue Place
Calgary, Alberta, Canada

Eighth Avenue Place is co-owned by three prominent investors - Ivanhoe Cambridge, the real estate investment arm of Caisse de dépôt et placement du Québec and one of the 10 largest real estate companies in the world; AIMCo (Alberta Investment Management), one of Canada's largest and most diversified institutional investment fund managers; and MATCo Investments, a private investment firm specializing in restructuring distressed companies.

Hines was chosen by the project's co-owners as the development manager for this premier twin-tower office complex in downtown Calgary. Completed in early 2011, Phase I consists of a 49-story, 1.1 million-square-foot East Tower, with a 1,143-space underground garage, and an atrium garden. The office space in Phase I is fully leased. Construction on Phase II began in March 2012 and will consist of a 40-story, 840,000-square-foot West Tower. It is scheduled for completion in summer 2014 and is 91 percent leased.

The design concept for Eighth Avenue Place makes a metaphorical reference to the peaked and faceted Rocky Mountains that provide a compelling backdrop to Calgary. The slightly angled, sloped wall and roof surfaces create a constantly shifting palette of light, reflection and experience. The three-story lobby clad in natural stones, stainless steel and glass, is one of a kind in the city. The project features landscaped terraces and plazas facing 9th Avenue, and vibrant retail frontage along 8th Avenue.

Designed to be Canada's first LEED-CS Platinum office high rise, Eighth Avenue Place features landscaped terraces and plazas, a 30,000-square-foot green roof, and an atrium winter garden. Each office floor features 23,500-square-foot column-free floor plates with six corner offices, breathtaking mountain views, and abundant natural light.

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SUMMARY

Address
525 8th Avenue SW
Calgary, Alberta, Canada

Location
CBD Calgary, Alberta

Hines' Role
Development Manager
Property Manager

Architect
Pickard Chilton

Net Rentable Area
Office:
1,100,000 sq. ft.
(102,190 sq. m.)

Sustainability
LEED Platinum 2012

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Copyright © 2001-2013 Hines Interests Limited Partnership. All rights reserved. Hines and the Hines logo are registered trademarks of Hines Interests Limited Partnership.