Calgary

Airport, malls, giant towers: Check out Calgary's top non-residential properties

The airport, malls and giant towers received the biggest property assessments this week from city number-crunchers.

Explore the city through this list of 10 buildings with the highest assessments

Property assessments came out from the City of Calgary this week. Here are the highest ones for non-residential properties, such as airports, malls and office towers. (Devin Heroux/CBC)

Calgary's airport, malls and giant towers received the biggest property assessments this week from city hall. 

The 2019 City of Calgary property assessments are out, and at the top of the list are places Calgarians often frequent.

Office towers had big declines in assessed value, attributed to high unemployment in the oil and gas sector.

Others stayed firm or increased, including several malls in the city.

Here's a list of the city's top 10 non-residential properties, according to public data released this week.

CF Chinook Centre — $1.3 billion

The Cadillac Fairview-owned mall was one of only two properties on the city's top 20 non-residential property list to increase in value. The shopping centre's assessed value rose by nearly $53 million from its 2018 assessment.

Chinook Centre mall tops the list of non-residential property assessments released this week. Its value increased from 2018. (Mark Matulis/CBC)

YYC Calgary Airport — $840 million

Calgary's International Airport is the second property on the list with a higher assessment from the previous year. The airport's assessment rose by 2.3 per cent this year, up from $821 million in 2018.

The Calgary International Airport came in second among highest assessed non-residential buildings in the city. (Evelyne Asselin/CBC)

The Bow Tower — $779 million

A Calgary landmark, most famous for its photogenic Wonderland sculpture, was assessed at $178 million less than in 2018. The building's assessment figure dropped by 18.6 per cent from its previous assessment of $957 million.

The Bow Tow is a curved skyscraper in downtown Calgary. It was the tallest building in Calgary when it was completed in 2012. (Evelyne Asselin/CBC)

Bankers Hall — $716 million

Bankers Hall, a pair of towers, has a popular shopping atrium along Stephen Avenue Walk in downtown Calgary. Owned by Brookfield Office Properties, it's also home to many offices. The assessed value of the development dropped 20 per cent from its previous assessment of $895 million.

Bankers Hall, a pair of towers, is home to an upscale retail gallery and offices in downtown Calgary. (Google Maps)

Suncor Energy Centre — $712 million

The Suncor Energy Centre, once the city's tallest building, is a hub for oil and gas brain power. Its 2019 assessed property value declined 20.8 per cent from its 2018 value of nearly $900 million.

The property value of the Suncor Energy Centre dropped this year. (Google Maps)

CF Market Mall — $617 million

The second Cadillac Fairview property on this list didn't fare as well in its 2019 assessment. Market Mall saw its 2019 assessment decrease by $42 million, a 6.8 per cent drop.

Calgary's Market Mall is in the top 10 for non-residential property assessments. (David Bell/CBC)

Centennial Place — $541 million

Centennial Place is a pair of office towers named for Alberta's centennial year. It saw its property assessment drop nearly 20 per cent from its 2018 assessed value.

Centennial Place in Calgary houses offices. It's owned by Oxford Properties. (Google Maps)

Brookfield Place — $471 million

Brookfield Place, owned by Brookfield Properties, is the tallest building in Calgary. The first tower was built last year. The company intends to build a second to make its office development a pair of towers. The property's assessed value dropped 21.9 per cent from its 2018 assessment of $603 million.

This photo shows Brookfield Place in downtown Calgary during construction. (David Bell/CBC)

Southcentre — $460 million

The Southcentre mall is at the corner of Anderson Road and Macleod Trail in the city's southeast. Its assessed value stayed roughly the same this year as in 2018, when the assessment was for $463 million.

Southcentre's property assessment stayed roughly the same this year. (Google Maps)

Eighth Avenue Place, East Tower — $393 million

Eighth Avenue Place's East Tower is an office building on Stephen Avenue that leases space to businesses. The pair of towers were designed with inspiration from the shape of the Rocky Mountains. The building's assessment dropped 22.4 per cent from its 2018 value of $506 million.

The two towers of Eighth Avenue Place were inspired by the shape of the Rocky Mountains. (Google Maps)

With files from Carly Stagg and Rachel Ward

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