Commerce Place (Edmonton)
Commerce Place is also home to the Edmonton Consular Post, a satellite of the Italian Consulate in Vancouver.
History
In December 1986, Toronto-based developer Olympia and York revealed that they had acquired property north of Jasper Avenue and south of Manulife Place between 101 and 102 Street. The following year, Olympia and York announced plans for an 1.35 million square foot project, then called CityCentre, in downtown Edmonton that would consist of twin skyscrapers and a shopping mall. The project would be built in phases with 1.2 million square foot in office space and 150,000 square foot of retail space planned. Construction of phase one began in fall 1987 with the 27-storey skyscraper opening in January 1990. The complex's shopping mall was planned to open in the spring of 1990. However due to the lack of tenants, the mall's opening was delayed numerous times before it was put off until the fall of 1991. In 1992, Olympia and York went bankrupt and in June 1993 sold the complex to Canadian Imperial Bank of Commerce. Plans for phase two which would had incorporated the CIBC branch at the corner of 101 Street and Jasper Avenue and construct a second skyscraper were put on hold indefinitely due to the slump of the commercial real estate market at the time. The complex was renamed Commerce Place in January 1994.
See also
References
- ^ "THE CANADIAN BANK OF COMMERCE". Forgotten Edmonton. Retrieved 17 February 2023.
- ^ MacDonald, Jac (June 13, 1993). "Cash-strapped O&Y sells CityCentre to CIBC". Edmonton Journal. pp. D9. Retrieved November 30, 2024 – via Newspapers.com.
- ^ Chalmers, Ron (February 3, 1990). "O & Y mall will be upscale". Edmonton Journal. pp. D1. Retrieved November 30, 2024 – via Newspapers.com.
- ^ Staples, David (August 15, 1990). "Absent tenants stall mall opening". Edmonton Journal. pp. B1. Retrieved November 30, 2024 – via Newspapers.com.
- ^ "The Shops at Commerce Place | Retail". Commerce Place. Archived from the original on March 28, 2022.
- ^ "Edmonton Downtown Pedway Map" (PDF). City of Edmonton. Archived (PDF) from the original on November 30, 2024. Retrieved November 30, 2024.
- ^ "The Consular network". Ambasciata d'Italia Ottawa. Archived from the original on April 17, 2024. Retrieved November 20, 2024.
- ^ Tait, Cam (December 21, 1986). "Jasper Avenue plan praised". Edmonton Journal. pp. D15. Retrieved November 30, 2024 – via Newspapers.com.
- ^ Thorne, Duncan (April 3, 1987). "Province to be major tenant in massive twin-tower project". Edmonton Journal. pp. D2. Retrieved November 30, 2024 – via Newspapers.com.
- ^ Staples, David; Sadava, Mike (January 30, 1991). "Mall delays opening — again". Edmonton Journal. pp. B1. Retrieved November 30, 2024 – via Newspapers.com.
- ^ Chalmers, Ron (December 3, 1993). "New name for City-Centre". Edmonton Journal. pp. F8. Retrieved November 30, 2024 – via Newspapers.com.
External links