Palliser One Office Conversion

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An office property located at 125 9 Ave SE Calgary will see 418,000 square feet of office space converted to 424 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 on November 22, 2025.

Timbercreek Alternatives LP is a subsidiary of Timbercreek Capital, and Aspen Properties.

Municipality:	Calgary
Sector:	Residential
Type:	Office Conversion
Schedule:	2025 - 2027
Estimated Cost:	$90.0M
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:	Timbercreek Alternatives LP
Contractor:	EllisDon Construction Services
Project Website:	https://www.aspenproperties.ca/palliser-residential
Related Links:	Dec 4, 2024 - Timbercreek News