Edmonton's Manulife Place set for $30 million redevelopment

Edmonton's Manulife Place set for $30 million redevelopment

Edmonton

A landmark office and retail tower in Edmonton is to receive a $30 million redevelopment.

Manulife Investment Management has announced that Manulife Place in the city’s downtown core will be modernized and enhanced beginning in mid-2020.

The exterior façade will be upgraded with multi-level transparent glazing and signage; retail storefronts will be repositioned; and a new 45,000 foot rooftop terrace will be added.

"The city of Edmonton is undergoing a renaissance that will breathe life into its downtown service and amenity offerings," said Ted Willcocks, Manulife Investment Management's Global Head of Asset Management, Real Estate. "The repositioning of Manulife Place is integral to this evolution and we are excited to be a part of redefining the community."

The 36-storey tower currently comprises 745,000 square feet of office and 103,000 square feet of retail space and is owned jointly by Manulife and Alberta Investment Management Corporation.

Manulife Place has received LEED® EB Gold recertification demonstrating a significant and ongoing focus on excellence in real estate sustainability and design.

Last year, real estate firm CBRE’s office on the 19th floor of the building became the first in Alberta to achieve WELL Certification with a silver level award representing high standards for its new and existing interiors.

Image source: CNW Group/Manulife Investment Management