Chevron Tower Office to Residential Conversion

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Strategic Group has purchased the former Chevron Plaza at 500 Fifth Avenue SW in downtown Calgary for $17 million and plans to convert the 25-storey, 380,000 square foot building into 332 residential units. The class-A office tower has been vacant since Chevron relocated its Canadian headquarters to another downtown building earlier in 2024.

Municipality:	Calgary
Sector:	Residential
Type:	Office Conversion
Schedule:	2025 - 2027
Estimated Cost:	N/A
Stage:	Proposed Projects are proposed from the time they are announced to the start of construction. For substage fields, see our methodologies page.
Developer:	Strategic Group
Related Links:	Aug 1, 2025 - CBC