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CWB Place jump-starts the revitalization of Edmonton’s downtown core

CWB Place Edmonton Hero
One of Edmonton’s most prominent locations is undergoing a major transformation.

The corner of Jasper Avenue and 103rd Street will soon be transformed, as the Redstone Group has commenced significant renovations of the iconic Canadian Western Bank Place to completely modernize and reposition this strategic location. With Canadian Western Bank planning to vacate approximately 166,000 square feet upon their lease expiry, this presents a rare opportunity for a new tenant to anchor this high-profile location.

Completion of the renovation project is anticipated to be mid-2023. The relocation of the bank in 2025 offers a new anchor tenant the ability to not only re-brand the asset as their own, with naming rights and prominent crown signage, but provides the unique opportunity to brand the transit-oriented retail corner of 103rd Street & Jasper Avenue. Significant investment within the immediate city block is slated to bring more than 1,000 residential units, and nearly 30,000 square feet of retail space, which positions this location as the cornerstone of a newly developed, amenity rich transit hub.

Reimagined space for the desired workplace of tomorrow.

Following a comprehensive review of the historical tenancy requirements of the building, including an understanding of the changing socio-economic landscape of workplace strategy, Redstone challenged an experienced project team to enhance the organizational experience of the building. Not only to address the lobby presence and the amenity package, but the operational aspects such as elevator dispatch systems, and working with retail tenants to ensure the gym facility and café restaurant receive a similar modern facelift. The extensive renovation plan provides the opportunity for not only a new anchor tenant to partner in the cohesive upgrade, but to have a meaningful impact on the user experience of existing and prospective tenants for the foreseeable future.

Key aspects of the renovation project include:

  • Expansive floating social seating corner and exterior overhang canopy that wraps the re-defined building entrance. The public streetscape will be completely transformed.
  • Re-defined lobby to deliver an impactful first impression with thoughtfully designed soft-seating areas, live wall, concierge, and open elevator core to bring the lobby to life.
  • Revitalized Building concourse, boasting modernized conference space with various sized meeting rooms, common area café, and private break-out seating areas.
  • Tenant Amenity Lounge with a diverse mix of both private and social common area seating areas designed as a social hub of connectivity, including modern social café to service both the tenant lounge and conference facilities.
Making your mark on the Edmonton skyline.

The opportunity to become an iconic tenant of one of Edmonton’s most recognized pieces of the skyline is not one that comes by often. With ample square footage in a high-profile location, there is a rare opportunity to have your organization’s name as part of downtown Edmonton’s history. Some organizations are merely looking for office space, but leading organizations are looking to make their mark.

To find out how you can become a part of Edmonton’s history with your office footprint, connect with Colliers.

CWB Place Renderings


Pour plus d’informations, veuillez contacter:

Fahad Shaikh

Vice President, Office and Healthcare | Brokerage

Edmonton

Fahad Shaikh specializes in office leasing and sales in the Edmonton market.  Known for his client commitment and superior knowledge of the market place, Fahad has quickly become the trusted advisor to many local and national groups.  His commitment of providing his clients with the highest quality of representation is the core philosophy of his practice and has earned him the respect and loyalty from his peers and clients. 
Fahad has experience dealing with a wide array of services which include: lease negotiations, renewal negotiations, purchase/sale negotiations, subleasing, consolidation/relocation/expansion analysis, and property evaluations.   
Fahad has also emerged as an expert in the healthcare field, representing many large national healthcare tenants and local medical practitioners. His knowledge of the ever evolving developments in the healthcare industry and understanding of the unique complex issues faced by healthcare/medical tenants are why he has been able to successfully consult many tenants and owners in this industry.
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Taylor Riar

Associate, Office | Brokerage

Edmonton

Taylor specializes in office leasing and sales in Edmonton,  where he currently works with the Colliers Edmonton Office Team to facilitate both lease and sale transactions. Taylor prides himself on delivering exceptional service to his clients, and will work creatively to find a solution to each unique requirement.  Taylor has focused his efforts to support the growing tech and innovation space here in Edmonton.

His expertise encompasses both owner and occupier brokerage representation through a wide range of services including: new lease negotiations, lease renewal negotiations, purchase/sale transactions, subleasing, and any relocation, consolidation, or expansion transactions. 

Taylor's ability to objectively address his clients pain points, provide an in-depth understanding of the Edmonton office market, and his ability to provide a deep financial understanding of different scenarios has proven to be an asset to his clients.

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