Stantec today unveiled their new headquarters, a 62-storey tower that will be built on the corner of 102 Street and 103 Avenue right in the heart of the Edmonton Arena District. Along with the Katz Group, WAM Development Group, and City of Edmonton, Stantec shared details on the new building which will be the tallest in Edmonton and one of the tallest in western Canada.
As expected, the new building will open directly into the public plaza in the Edmonton Arena District, and is being considered the “anchor” project. Construction on the $500 million project will begin this fall, with the new building slated to open in the summer of 2018.
It was back in June that City Council officially removed the Airport Protection Overlay, clearing the way for buildings higher than 150 meters to be possible. That height is significant. A building is generally considered a “high-rise” until it reaches 150m, at which point it becomes a skyscraper, at least according to most definitions. As of April 2013, there were 90 such buildings in Canada: Toronto has 56, Calgary has 16, Montreal has 9, Vancouver has 4, Mississauga has 2, and Niagara Falls and Burnaby each have 1. With the new Stantec tower, Edmonton will officially become a member of the skyscraper club!
The new tower will rise to 224 meters (or 746 feet), though officials today clarified that it could still rise higher. The design features 26 floors of offices and could accommodate another 2 floors if the market demand makes adding them feasible. The building will also include approximately 320 residential units taking up 33 residential floors. Another 2 floors are mechanical, and the first floor will feature retail.
“This new building will revolutionize the downtown landscape in Edmonton and will set expectations for future buildings in the city,” said Darren Durstling, President and CEO of WAM Development Group. “This tower is being designed, engineered and project managed entirely by Stantec, showcasing their vast capabilities and experience.”
The new building will have a dramatic effect on Edmonton’s skyline when it opens. The current tallest building in the city is EPCOR Tower, which rises to 149 meters (490 feet). Manulife Place, which was the tallest structure in Edmonton for 28 years, rises to 146 meters (480 feet). Down in Calgary, the iconic Bow tower rises to 236 meters (774 feet).
Daryl Katz said the new tower will “set the tone for new buildings in Edmonton for years to come.” He called it “an extraordinary addition” to Edmonton’s skyline. Mayor Don Iveson joked, “I’m a tall guy, but I am intimidated by this!” He highlighted the building’s impact on Edmonton, saying it will transform our city’s image across the country. “This is an indication of what the power of investment in our downtown can do,” he said.
Stantec is taking about 450,000 square feet of the new building, or approximately 19 floors. They have signed a 15 year lease which of course includes naming rights (the official name is yet to be revealed). Today’s announcement was hosted at Stantec’s head office on 112 Street, one of four local offices that will be consolidated into the new building. Dozens of Stantec staffers were on hand to witness the unveiling.
“We are proud to have both our people and our designer’s work play a role in enhancing the vibrancy of the Edmonton Arena District,” said Bob Gomes, president and CEO of Stantec.
You can see Gomes and WAM President & CEO Darren Durstling literally press a button to reveal the new building with this GIF. Stantec Senior VP Keith Shillington said “our hearts were downtown” while acknowledging the proposal received some stiff competition.
I am very excited about this building. Stantec, one of Edmonton’s biggest success stories, is making a significant commitment to the future of our downtown. On top of that, this building is the first major private project in the Edmonton Arena District. During the press conference, Mayor Iveson did some back-of-the-envelope calculations to suggest that if Manulife Place currently contributes about $3 million in annual tax revenue, the new Stantec tower could contribute $4-5 million into the CRL. That’s extremely significant. Just as the Bow tower “paid for” the Rivers CRL in Calgary, the Stantec tower makes the success of the downtown CRL much more likely. And hopefully it’ll allow us to attract even more private investment. For me, the “district” just became real.
If you look closely in the renderings, you’ll see a building directly to the north that features the word “hotel” across the top. I understand that the next big announcement for the Edmonton Arena District will include details on the hotel. It’s a very exciting time for downtown Edmonton!