HomeSpace has purchased the 10 storey, 100,000 square foot Sierra Place building which is located on the C-Train line at the corner of 7th Avenue and 6th Street S.W. The vacant office tower is perfect for a retrofit to over 80 units of affordable housing, in addition to providing new retail, office, and shelter space for Inn from the Cold Society. This building is in a prime location, with easy access to transit and essential amenities. Sierra Place will provide housing for nearly 200 vulnerable Calgarians including low-income families with children, single mothers, Indigenous people, seniors, and newcomers to Canada, leaving a lasting impact for residents and the greater Calgary community.
Not only will these new affordable homes create dignity, safety and an opportunity to thrive for more nearly 200 Calgarians in need, but the project will also address Calgary’s office vacancy issue, create 160 jobs for the private sector, and bring vibrancy and economic stimulation in our struggling downtown core. This innovative project will serve as a demonstration that future office to residential conversions are both possible and economical.
HomeSpace and Inn from the Cold are launching Project Thrive, a joint $28.5 million Captial Campaign to fund the project. We are proud to count the City of Calgary as a project partner that sees this building renovation as an important first step to bolstering Calgary’s struggling downtown core. The City has pledged $5.5 million to the project, situating the redevelopment of the Sierra Place family hub inside a larger commitment to reinvigorating Calgary’s downtown.
Contact us if you would like us to mail you a printed copy of the development package.
Submit questions and comments to NewDevelopments@HomeSpace.org or call 587.320.1545