1970s-era office tower being converted into rental apartments in downtown Halifax
New version of Centennial Building should be move-in ready in 2 years, says developer
A Halifax developer says his company’s plans to convert a 1970s-era office tower into residential units is on schedule and should be ready for tenants in two years.
Elliot MacNeil of Sidewalk Real Estate Development acquired the Centennial building in August of 2021. Today 12 of the building’s 14 floors are mostly gutted with crews turning all that former office space into one-, two- and three-bedroom rental apartments.
“We love converting old buildings into something new and exciting,” MacNeil says, “taking what’s there and working with the challenges that exist. Call us crazy, but we get excited about that and are more satisfied with the final product than general new construction.”
Those in the commercial real estate industry say these kinds of conversions will likely become more common. Residential vacancy rates are at record low levels in the city while commercial vacancy rates are rising. …[Continue Reading]