Big Changes for a Downtown Landmark

In a significant move, Edmonton's iconic 36-storey Manulife Place, located at 10180 101 St., is set to undergo a transformation, rebranding itself as the National Bank Centre. This name change comes as the Canadian Western Bank, recently acquired by National Bank, prepares to make it its new home.

A Strategic Shift in the Banking Landscape

Laurent Ferreira, President and CEO of National Bank, expressed excitement about the opportunity, stating, "This move underlines Edmonton’s critical role in our growth strategy and our commitment to Western Canada through our partnership with CWB." This new alignment aims to reinforce the bank's operational presence in the region.

A Major Acquisition and Renovation Ahead

The monumental $5-billion acquisition of Canadian Western Bank was announced just months prior, marking a pivotal shift for both banks. National Bank confirmed that it will relocate CWB's current offices from the corner of Jasper Avenue and 103 Street to the new National Bank Centre.

Elevating the Urban Landscape with $45 Million Renovation

To complement the name change and new tenancy, the building will undergo a major facelift, backed by Epic Investment Services, with a budget of $45 million. This renovation aims to modernize common areas, amenities, and retail spaces, revitalizing Edmonton's downtown core.

More Space and a Modern Look

After renovations are completed, National Bank plans to expand its occupancy to 10 floors within the building. The centre will feature the bank’s logo prominently displayed along with enhanced façade signage and a street-level banking centre.

A Vibrant Future for Edmonton's Downtown

Ferreira added, "We are excited to contribute to the vitality of Downtown Edmonton, stimulate economic growth, and attract new business opportunities."

A Historical Perspective

Originally designed by renowned architect Clifford Lawrie Bolton Ritchie, Manulife Place opened its doors in October 1983, once standing as the tallest building in the city. Although eclipsed by newer skyscrapers, including the Epcor Tower and Stantec Tower, it remains a key feature of the city’s skyline.

Community and Economic Impact

Craig Coleman, managing partner and CEO at Epic Investment Services, also welcomed the move: "This relocation and revitalization initiative is an exciting development for Edmonton’s downtown. We are proud to support National Bank in strengthening its presence here while enhancing the vibrancy of the business district."

Looking Ahead

The transition for CWB into the National Bank Centre will begin over the summer, marking a new chapter not only for the banks involved but also for the city of Edmonton.