ATB Place upgrade aims to attract and keep workers downtown
Colliers is adding a conference centre and other amenities to ATB Place in an effort to lure more people downtown and provide a better experience for tenants.
"Large complexes need to invest in the overall occupant experience to encourage things like return to office, to make it compelling to come out of your studio apartment in downtown Edmonton and come and interact with the people that you work with at a more casual level," said Brad Merchant, senior vice-president of asset management for Colliers, which manages the complex at the corner of Jasper Avenue and 100 Street.
The ATB Place Reimagined project will replace the building's current conference centre with a larger one that can accommodate 200 people or more. Food and beverage options and a new fitness facility with added bike lock-ups will also be added, Merchant told Taproot, and the main entrance will see a refresh. The improvements are intended to enhance the complex's accessibility and sustainability, the project page says.
The point is not merely to draw more people downtown during office hours, Merchant added.
"We also have a vision to make our complex as compelling from 5pm to 9pm as it is from 9am to 5pm," he said. "We really anchor what would be the south side of the downtown and core, immediately adjacent to the Fairmont Hotel Macdonald and within a block of the Edmonton Convention Centre, among all the other neighbours … As we see more and more team members coming back to work in the office, let's give them an opportunity to hang around for a meet-and-greet with friends and colleagues after work, as well."
ATB Place consists of the tower by that name at 10025 Jasper Avenue NW and TELUS House at 10020 Jasper Avenue NW. They were completed in 1969 and 1971, respectively, and Merchant said they were ahead of their time in offering amenities such as a food court, a fitness facility, and ground-floor retail.
"This complex really pioneered what we are seeing in current thinking around office complexes and amenitization so long before it was in vogue," he said. "Now, it's become almost table stakes."
The renovation project is scheduled to be completed in 2027. The overarching name for the two towers will then be 100 Jasper, though ATB and TELUS's branding will remain. (ATB renewed its lease through 2034 last year.)
"We felt that with some of the changes to the tenancy mix here at the building, we want to claim 100 Jasper as our home," Merchant said. "It's a bit of a sub-brand, if you will. It's 'ATB Place at 100 Jasper,' but that's a mouthful. The general public is just always going to call it ATB Place. That's the fact of the matter."