Calgary’s strategy to future-proof its downtown includes financial incentive programs that are already transforming aging office space into residential and other active uses. The City’s current pipeline includes 11 office conversion projects removing 1.57 million square feet of office space.
UPDATED WITH FC, TELSEC REPLY: Melcor Developments (MRD-T) has increased its offering for Melcor REIT (MR.UN-T) shares 11 per cent, to $5.50 per unit, as it continues efforts to take the trust private despite criticism from minority shareholders.
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