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

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

The 2019 City ofCalgary 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 ofthe 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 listto increase in value. The shopping centre's assessed value rose by nearly $53 million from its 2018 assessment.

YYC Calgary Airport $840 million

Calgary's International Airportis 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 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.

Bankers Hall $716 million

Bankers Hall, a pair of towers, has a popular shopping atrium along Stephen Avenue Walkin 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.

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.

CF Market Mall $617 million

The second Cadillac Fairviewproperty on this list didn't fare as well in its 2019 assessment. Market Mall saw its 2019 assessment decrease by $42 million, a6.8 per cent drop.

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.

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 assessedvalue dropped 21.9 per cent from its 2018 assessment of $603 million.

Southcentre $460 million

The Southcentremall 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.

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 towerswere 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.

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