510 5th Office Conversion

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An office property located at 510 5 Street SW Calgary will see 112,000 square feet of office space converted to 128 residential units.

The project received funding from the City of Calgary's Downtown Calgary Development Incentive Program, which provides funding to property owners to convert vacant office spaces into residential and hospitality units.

A building permit was issued by the City of Calgary in January 2026.

Municipality:	Calgary
Sector:	Residential
Type:	Office Conversion
Schedule:	2026 - 2026
Estimated Cost:	$27.0M
Stage:	Under Construction Projects are proposed from the time they are announced to the start of construction. For substage fields, see our methodologies page.
Developer:	Bluevale Capital Group
Contractor:	2382197 ALBERTA
Related Links:	Nov 20, 2025 - City of Calgary