City of Calgary

No plans revealed yet for Calgary Downtown Bay

Mario Toneguzzi - August 12, 2026

The 115-year-old downtown Bay building was sold by CBRE’s National Investment Team - Calgary to local developer Astra Real Estate Corp., which has been active in recent years in repurposing older downtown office properties into residential conversions.

VIDEO: Calgary Downtown Revitalization gains momentum

Mario Toneguzzi - June 10, 2026

Addressing safety remains a priority, with the city advancing a community-based strategy alongside increased enforcement and services.

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