Winnipeg | True North Square | 86.9M | 77.8M | 25F | 17F | 22F | 17F | 19F | U/C
Proposed $400 Million mixed-use development project located in Downtown Winnipeg's (SHED) District consisting of 4 mid-size towers centered around a public square.
Hotel, Office and Residential towers will be joined by a public walkway system connecting the MTS centre to the North and the RBC convention centre to the south. Retail components to the proposal are also being contemplated in the development Developer: True North Sports and Entertainment. CBC http://www.cbc.ca/news/canada/manito...ment-1.3460488 Tower 1 - Scotiabank Tower Phase 1 scheduled for completion in Summer 2018. 242 Hargrave Street; a signature 17-storey, 365,000 sq ft Class A office tower with a summer 2018 occupancy TDS and Scotiabank as tenants. Tower 2 24 storey residential tower, with retail and office at podium level. Tower 3 27 storey, 275 room Sutton Place hotel Tower 4 17 storey condo tower, 130 units Feb.24.2016 Current exterior views of the proposal.. http://www.truenorthsquare.com/wp-co...ns_view_01.jpg TNS North View http://www.truenorthsquare.com/wp-co...North-View.jpg TNS South View http://www.truenorthsquare.com/wp-co...South-View.jpg TNS Square http://www.truenorthsquare.com/wp-co...ers/Square.jpg Sutton Place Hotel http://www.truenorthsquare.com/wp-co...lace-hotel.jpg Hargrave St Entrance http://www.truenorthsquare.com/wp-co...s/Hargrave.jpg Image Source: http://www.truenorthsquare.com/development/gallery/ Renders - Site Layout : Feb.24th.2016 http://i.cbc.ca/1.3462179.1456336825...bank-tower.jpg http://www.cbc.ca/news/canada/manito...ment-1.3460488 https://scontent-ord1-1.xx.fbcdn.net...e0&oe=57588630 https://scontent-ord1-1.xx.fbcdn.net...1c&oe=5753881E https://scontent-ord1-1.xx.fbcdn.net...16&oe=5727FD37 https://scontent-ord1-1.xx.fbcdn.net...7f&oe=5770379C Image Sources: https://www.facebook.com/truenorthsquare/?fref=photo Current Sources: http://www.truenorthsquare.com/ http://www.winnipegsun.com/2016/02/2...quare-revealed https://www.facebook.com/truenorthsquare/?fref=photo http://www.cbc.ca/news/canada/manito...ment-1.3460488 |
Links regarding proposal:
http://www.cbc.ca/news/canada/manito...uare-1.3095679 https://twitter.com/aldosantin/statu...45787057680384 |
This is unconfirmed however, rooftop pool on the northwest building near the powerhouse = hotel. Tower between powerhouse and the church is likely the office tower. The 220 Carlton site, as previously discussed, is some form of residential.
Also the rendering shows the church surface lot becoming a park and some change to the site access for their garage coming from the east instead of the current west configuration. Not sure if the church is formally part of these plans. |
Just to clarify, is this development the same as "so po square" ?
iow, is this what so po became? |
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"So Po Square"...what a terrible name... let us never hear it uttered again.
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"Value engineering" is also going to have fun with all those rooftop trees.
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Well, those designs don't look as complicated as the CMHR's designs. IMHO, it's doable. But, like most renderings, the final product will most likely look different.
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hoepfuly the green building stuff doesnt get axed would be nice to have another one kidy corner to hydro
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Somebody mentioned the Trizec in another post. I hope it was done ironically 'cause this - if it ever gets built - is going to resemble a very similar transaction. But thank god the definitively worst hotel market in the country is going to be getting a publicly subsidized hotel. You want to keep that playing field level for the existing privately held hotels in the area that are having difficulty staying occupied... |
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I doubt the hotel could be sustainable at 300+ though. |
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1) Construction costs, for the most part, are what the are. In other words, there are only so many discounts to be had given labour doesn't discount and worldwide commodities markets don't either. So nobody is getting what they aren't paying for. 2) Given Point 1 and your true to fact point that it's unsustainable at 300+/sq ft, these drawings are a figment of an architects imagination and little more. BUT 3) Keeping even the basic elements of the renderings, this is still easily a $300-$325/sq ft build inclusive of soft costs. That means somebody is going to have to close the value gap between the price at which this building is sustainable and the price at which it costs to get built. I don't think it requires that much guesswork as to who that party is going to be. It'll be interesting to see how the city manages this one, anyway. 220 Carlton is supposed to have a caveat against it that requires its taxation to pay for a portion of the Convention Center. If that's true, there's no ability to TIF that property unless the city pretends there's enough value to advance funding on taxation revenues over and above what was originally anticipated when the Convention Center deal was done and that they know damn well will never exist. Don't put this past them. The SHED TIF is still largely provincially funded. That's important given that CentreVenture couldn't possibly be more broke. |
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http://centrepointwinnipeg.com/wp-co...parkade_02.jpg |
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