Stephen Avenue Place

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Stephen Avenue Place
Scotia tower 1 calgary.JPG
Scotia Centre in 2007, prior to its redevelopment as Stephen Avenue Place
Stephen Avenue Place
General information
Location Calgary, Alberta, Canada
Coordinates 51°02′46.7″N114°04′01.7″W / 51.046306°N 114.067139°W / 51.046306; -114.067139
Construction started1974
Completed1976
Cost $30,000,000
OwnerSlate Asset Management
Management Colliers International
Height
Roof155 m (509 ft) [1]
Top floor40
Technical details
Floor count41
Design and construction
Architect Zeidler Architecture
DeveloperSlate Asset Management

Stephen Avenue Place is an office and retail hub in The CORE in downtown Calgary, Alberta, Canada. The building was constructed concurrently with Scotia Tower in Vancouver, and the designs of the two towers followed similar concepts. Located at 700 2nd Street SW, it stands at 155 metres (509 feet) or 41-storeys tall and was the tallest building in Calgary at the time of its completion.

Contents

Formerly known as the Scotia Centre, after its namesake tenant Scotiabank, the building was purchased by Slate Asset Management in 2018 and was extensively renovated. [2]

While under Slate Asset Management's ownership Stephen Avenue Place has been being placed under receivership in October 2023 and again in October 2025 [3] by Timbercreek's Mortgage Servicing Inc and Computershare Trust Company who were owed approximately $139M.

Stephen Avenue Place is named for George Stephen, the first Baron Mount Stephen, who was the visionary, businessman and financier behind the creation of the Canadian Pacific Railway, and is the namesake of the adjacent Stephen Avenue. [4] [5]

See also

References

  1. Skyscraper Pages. "Scotia Centre" . Retrieved September 12, 2007.
  2. Parker, David (September 27, 2021). "Around Town: Renovated Stephen Avenue Place has become a destination retail centre". Calgary Herald. Retrieved July 4, 2022.
  3. industry, H. Howard Chai Business Writer Howard Chai is a real estate reporter based in Vancouver He covers the development; Estate, Commercial Real; Storeys, housing policy He was previously Western Lead at; Country, Where His Work Has Been Credited in Various Publications Across the; award, nominated for a Jack Webster. "Slate's Stephen Avenue Place in Calgary in receivership a second time". renx.ca. Retrieved October 21, 2025.{{cite web}}: |first= has generic name (help)
  4. LP, Slate Asset Management. "Slate Names Latest Calgary Property Stephen Avenue Place; Announces Hospitality Partners and Extensive Renovation Plan". www.newswire.ca. Retrieved September 14, 2019.
  5. Calgary, Staff LiveWire (September 27, 2018). "Scotia Centre in downtown Calgary to get overhaul, emerge as Stephen Avenue Place". LiveWire Calgary. Retrieved September 14, 2019.