The Edmonton Arena District (EAD) joint venture, between Katz Group and WAM Development Group, announced today the construction of Edmonton’s newest and tallest tower and one of the tallest structures in Western Canada. The new 62-storey tower will be located in the EAD on the corner of 102 street and 103 Avenue with Stantec as the anchor tenant.
Designed to be a LEED Gold certified building, this mixed-use office, retail and residential project will span approximately one million square feet. The 746 feet high (224 metres) tower, which will host 26 storeys of offices and close to 320 residential units, will be one of the largest mixed-use buildings in Western Canada. Construction will begin this fall and the building is scheduled to open in summer 2018.
“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.” Currently located in office buildings across downtown Edmonton and headquartered at 10160 112 Street NW, Stantec will lease approximately 450,000 square feet of the new tower.
Some of the tower’s key features include the lobby opening directly into the vibrant public plaza, providing direct access for all office employees and residents to enjoy. The top of the tower will also include an iconic design element.
EAD is aiming to be Canada’s largest mixed-use sports and entertainment development. Anchored by Rogers Place arena and Winter Garden, the EAD will revitalize more than 25 acres of downtown Edmonton, extending from 101 Street to 104 Street and from 103 Avenue to 106 Avenue. Phase 1 of the development will include 1.3 million square feet of office space, more than 1,000 residential units and over 215,000 square feet of retail space.
“We set out a vision seven years ago for how an iconic new downtown arena could be the catalyst for positive change for downtown and the entire Capital region,” said Daryl Katz, chairman, Katz Group. The project started in 2011 when the land was purchased by the Katz Group, and in 2012 the Katz Group established a joint venture with WAM Development Group. The EAD joint venture is working with the City of Edmonton to develop a sustainable, vibrant, well-designed and accessible downtown area that reflects the goals of The City’s Capital City Downtown Plan. The EAD will be a pedestrian and vehicle friendly development, offering easy access to five LRT stations, connections to the existing pedway system and a total of 12,000 parking stalls within a ten minute walk of Rogers Place.