NEWS. The Green Village within Centennial Place Centennial Place is a 1.3-million-square-foot AAA TOC SPRING 2018

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1 TOC Page 1 - The Green Village within Centennial Place Page 3 - BOMA s Value Proposition Page 7 - Wading Through the Bureaucracy NEWS SPRING 2018 The Green Village within Centennial Place Centennial Place is a 1.3-million-square-foot AAA office complex located in the heart of Calgary s Eau Claire District. Among the building s many achievements, Centennial Place earned BOMA Calgary and BOMA Canada TOBY Awards in 2012 and 2013 for the Office 1 Million + square feet category. It has earned BOMA BEST Level 4/Platinum designation and is championed as a success study by the City of Calgary for achievement in office recycling. The parkade is green certified, and is also equipped with electric car charging stations and a highly-utilized carpool program. Ever since the beginning, sustainability has been at the heart and soul of Centennial Place s operations and the building is entirely committed to ongoing success. Centennial has been featured as a success story with the City of Calgary and with BOMA for innovation and results with the property s waste and recycling program. Centennial s commitment to the waste and recycling program extends firstly to the reduction of unnecessary consumables and products by actively reducing consumption wherever possible. Centennial holds itself and its contractors accountable to waste-reduction measures by incorporating purchasing and procurement standards into all property work. The innovative practices that have been put in place to support reduction measures include a switch to core-less toilet-paper rolls, an attention-grabbing coffee-cup display to promote the use of reusable travel mugs over paper cups and the encouragement of reduced or double-sided printing. Secondly, Centennial Place maintains a robust recycling program which includes specialty items such as electronics, cigarette butts, pens and markers, and coffee pods; these specialty items round off on top of a best-in-class organic and mixed-recycling program. To go a step further, every day dedicated janitorial staff opens each and every bag of the building s garbage to sort, salvage, weigh and divert all organic and recycling material. The feather in the proverbial hat, however, rests with the staff s relationships with their clients. Centennial offers a variety of communication tools to promote, educate and engage tenants within the building on the recycling program. Among these are: waste and recycling lunch and learns; a building-wide green team open to all occupants; newsletters; and the tenant recycling scorecard which is released each quarter and gives feedback to clients on their recycling efforts for the quarter. The numbers speak for themselves. In 2015, Centennial Place reported a 75 per cent diversion rate. Through increased awareness, engagement and radical changes to programming, they saw an increase to over 90 per cent in Centennial Place and its entire team are proud to have won the Recycling Council of Alberta s award for Corporate Leadership at the 2017 RCA Conference. Submitted on behalf of the BOMA EH&S Committee. Special thanks to Karen Nelson from Oxford Properties. 2

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3 BOMA s Value Proposition BOMA Calgary News BOMA Calgary News is a co-publication of BOMA Calgary and Business in Calgary. Business in Calgary 1025, Ave. SW, Calgary, AB T2P 3P4 Tel: Fax: info@businessincalgary.com BOMA Calgary Suite 225, th Avenue SW, Calgary AB, T2R 1M7 info@boma.ca Web: Tel: Fax: Communications Committee Kelsey Johannson, Chair, TransCanada Corporation Christine White, Vice Chair, Oxford Properties Group Rita Borrow, Brookfield Aydan Aslan, BOMA Calgary Lance Merrifield, Epic Roofing Enam Islam, Hines Board of Directors CHAIR Lee Thiessen, MNP LLP CHAIR-ELECT Richard Morden, QuadReal Property Group SECRETARY TREASURER Rob Blackwell, Aspen Properties PAST CHAIR Chris Nasim, GWL Realty Advisors EXECUTIVE DIRECTOR Lloyd Suchet, BOMA Calgary Directors Jay de Nance, RioCan Management Inc. Steve Walton, Oxford Properties Group Todd Throndson, Avison Young Marina Nagribianko, Allied REIT Art Skow, Bentall Kennedy Canada LP Laura Newcombe, GWL Realty Advisors Irene Au, Manulife Candace Walker, Brookfield Blair Carbert, Carbert Waite LLP The Building Owners and Managers Association of Calgary publishes BOMA Calgary News quarterly. For advertising rates and information contact Business in Calgary. Publication of advertising should not be deemed as endorsement by BOMA Calgary. The publisher reserves the right in its sole and absolute discretion to reject any advertising at any time submitted by any party. Material contained herein does not necessarily reflect the opinion of BOMA Calgary, its members or its staff by BOMA Calgary. Printed in Canada. By Lloyd Suchet, Executive Director, BOMA Calgary BOMA Calgary marks the beginning of every new year with its annual general meeting an opportunity to report on the association s overall health. The one key metric we are always evaluating is our value proposition are members getting more value from BOMA Calgary than they pay in dues? Especially in tough economic times, the value proposition is the key to ensuring our community and our association continues to grow. Broadly speaking, we achieve success and deliver value to our members through three pillars: advocacy, education and professional networking. One of the most powerful benefits of an association like BOMA Calgary is the ability to represent and speak for the industry to the various levels of government. We dedicate a lot of staff and volunteer resources to this endeavour. The success of the commercial real estate industry depends on many market factors often out of our control and the actions and policies of government can make that success either much easier or much harder to attain. The way we avoid harmful policy is by engaging with governments on issues that impact the industry, and by demonstrating the real impacts that policy could have on not just our industry and the economy, but on all Calgarians. With that in mind, 2017 saw advocacy success on a number of issues. We continued our collaboration with BOMA Edmonton in representing the industry as the province amended the Municipal Government Act and works to enable city charters. BOMA also worked with partner associations to establish more favourable parking policies for downtown developments, and to make it easier and less costly for downtown buildings to lease space to new tenants. We are also actively representing the industry on city working groups that address property assessments and appeals, and climate change mitigation issues. BOMA Calgary s NextGen Committee had a banner year in 2017, hosting educational and networking events to promote the industry to students, and to encourage the development and retention of those already involved. There is an impressive cohort of young professionals active in all segments of commercial real estate, and BOMA Calgary is leading the charge in engaging them. We have also been running a highly-successful mentorship program for six years that helps professionals develop skills and forge lasting relationships. While BOMA Calgary has a plethora of events that have proven successful over the years, 2017 saw the introduction of an exciting new one, BOMAzing Race. This networking event has teams racing and competing in challenges that showcase Calgary s downtown buildings, while helping foster meaningful industry connections through a fun medium. The new year also brought with it important changes to BOMA Calgary s leadership, as chair Chris Nasim s term came to an end. Thanks to Chris leadership, BOMA Calgary now has new bylaws, a new policy manual and codes of conduct, as well as updated financial governance structures. We owe Chris a debt of gratitude for his exemplary service. With the succession, Lee Thiessen becomes the chair of BOMA Calgary, with Richard Morden moving into vice-chair, and Rob Blackwell into treasurer. With a new and energized executive team, and the fresh perspectives of our newest directors Irene Au, Blair Carbert and Candace Walker, BOMA Calgary is well positioned to build off the momentum from 2017 to make the coming year an even better one for our members, our industry and our city. 3

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7 By David Parker Wading Through the Bureaucracy Now that 2018 is well on its way, indications are we can look forward to good overall growth in the real estate sector this year. Downtown office space is, and will be for some time, a tough sell for commercial agents, but there are good signs despite the city still presenting problems for investors and developers. Not to dwell too much on the negative but it seems the famed Alberta Advantage is not able to satisfy a lot of businesses in this city. The cost of doing business here is not helped by a city administration that seems to have no sense that time means money; and a lot of money on projects is held up for far too long in the approval of permit stages. It appears that there is neither rhyme nor reason to decisions when an architect can get the OK on one TOGETHER WE BUILD SUCCESS. While PCL is best known for its larger projects, it s the small and midsize projects that are the founda on of our business. We refer to this work as Special Projects, the name being a reflec on of the specialized approach we take to mee ng the unique needs of our clients. To learn more about PCL Special Projects, contact: Ryan Kuntz I Manager, Special Projects I rlkuntz@pcl.com project and then be turned down flat on the next, similar one. Then there s the tax situation; most easily understood or demonstrated by the plight of too many restaurants. The list of prime establishments that have closed in the past few months is well known. And there will no doubt be more as costs of operating continue to escalate with higher minimum wage, carbon tax and forcing owners to cover new statutory holiday pay rules. Sure we have had new eateries opened but they tend to be the smaller establishments where owners also serve as busboys. A great city needs fine wineand-dine restaurants where business can be discussed over a glass of good wine and creative dishes. There s certainly some great locations in our downtown towers and an abundance of good chefs and cooks who can provide some very good meals. Some restaurateurs tell me the holiday season was great but they don t know how much longer they can survive. It s great to confidently chase companies we would like to open business here, but we should surely be doing our best to ensure the ones we have and who have been good corporate citizens for a long time are able to stay in business. I think there might be some sort of uprising if newcomers are given tax breaks to entice them to set up shop here when current businesses are suffering. And I had a strange thought that a company like Amazon, after all the wonderful creative work done to sell them on Calgary, would open its distribution plant in the Balzac area. Now on to more positive happenings that include construction of residential apartments (not condominiums) in the core. More inner-city density is certainly needed. Good to see construction of an apartment tower on the former Stampede Pontiac site, and the same developer has a 220-unit rental property under construction in East Village where an Alt Hotel is also well underway. Then there is the impressive Marriott Hotel and adjoining apartment block at the corner of 5th Street and 10th Avenue SW that has topped off. We need a healthy downtown, and more inner-city residents mean better opportunities for shops, entertainment and restaurants. 7