The project has been cancelled as a result market conditions associated with the COVID-19 pandemic. The building will instead proceed as a multi-unit apartment complex. Conversion of the former Enbridge Office Tower into two hotels, the Hyatt Regency and the Hyatt House. The hotels was anticipated to feature 300 rooms and be split between extended stays and short-term stays. The $70M conversion could reduce office vacancy by an estimated 0.5%, according to Avison Young. A building permit was initially issued by the City of Edmonton on May 1, 2020.
The project has been cancelled as a result market conditions associated with the COVID-19 pandemic. The building will instead proceed as a multi-unit apartment complex.
Conversion of the former Enbridge Office Tower into two hotels, the Hyatt Regency and the Hyatt House. The hotels was anticipated to feature 300 rooms and be split between extended stays and short-term stays. The $70M conversion could reduce office vacancy by an estimated 0.5%, according to Avison Young. A building permit was initially issued by the City of Edmonton on May 1, 2020.