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  #341  
Old Posted May 27, 2024, 8:37 PM
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Originally Posted by WinCitySparky View Post
I doubt anyone is going to pay $5 mil for a perfectly functioning commercial building just to tear it down, especially with hundreds of potential customers about to move into brand new dense buildings about to be built right around it, but anything’s possible.
6% cap rate on a recently spruced up and fully occupied building? Doubt they'll get anyone interested in buying it to demo it.

There might be some buyers who figure they like it as an operating asset for now, and think of the longer-term redevelopment potential as a fallback if they have trouble getting tenants in the long run.
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  #342  
Old Posted May 27, 2024, 8:38 PM
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  #343  
Old Posted May 27, 2024, 8:39 PM
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A little plain Jane but a great project on the RT nonetheless.
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  #344  
Old Posted May 27, 2024, 8:40 PM
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The one that looks like the new tower on Stradbrook. Maybe someone can find the render.
Hopefully this project will have better luck than that one...
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  #345  
Old Posted May 27, 2024, 8:43 PM
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Hopefully this project will have better luck than that one...
My brother is working on it as we speak. It's a bloody mess for 7 floors. He said it would have been better to let the floor burn, it would have been contained would have costed way less to fix haha.
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  #346  
Old Posted May 27, 2024, 8:58 PM
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My brother is working on it as we speak. It's a bloody mess for 7 floors. He said it would have been better to let the floor burn, it would have been contained would have costed way less to fix haha.
Did he give any indication as to when that building will be habitable again?
Last edited by Justanothermember; May 27, 2024 at 9:08 PM.
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  #347  
Old Posted May 27, 2024, 9:14 PM
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Did he give any indication as to when that building will be habitable again?
It's gonna be a hot minute. It's basically stripped to the concrete with everything getting rebuilt for seven floors. At least that's what he told me.
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  #348  
Old Posted May 27, 2024, 9:24 PM
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It's gonna be a hot minute. It's basically stripped to the concrete with everything getting rebuilt for seven floors. At least that's what he told me.
Ah well, that is a shame to hear. Hopefully within a year at the most if those works are on track.
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  #349  
Old Posted May 27, 2024, 9:55 PM
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Sorry what burnt down? Missed this somewhere.
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  #350  
Old Posted May 27, 2024, 11:23 PM
Kris22 Kris22 is offline
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Originally Posted by WinCitySparky View Post
Sorry what burnt down? Missed this somewhere.
The top of the new(ish) tower that was built just south of the winter club, by Stradbrook station. About a year ago people were posting photos and videos of it on fire and they ended up needing to permanently relocate all the tenants.

The building proposal by jubilee station had a very similar design.
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  #351  
Old Posted May 27, 2024, 11:26 PM
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Jubilee RT station in background.
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  #352  
Old Posted May 27, 2024, 11:31 PM
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The top of the new(ish) tower that was built just south of the winter club, by Stradbrook station. About a year ago people were posting photos and videos of it on fire and they ended up needing to permanently relocate all the tenants.

The building proposal by jubilee station had a very similar design.
Ohhhh yes yes, thanks for clarifying
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  #353  
Old Posted May 28, 2024, 5:12 AM
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It's like the 70's are back with the drab-slab designs, similar to that aforementioned apartment building that "self immolated" at the top floor last year.

Did they ever found out the cause of that fire? A quick Google search says it may have been electrical related.
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  #354  
Old Posted May 28, 2024, 1:00 PM
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They are currently building the 16 storey building. Phase 2 is expected to start next year - 20 storeys.
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  #355  
Old Posted May 28, 2024, 1:32 PM
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I like the look of the Stradbrook tower. This one is slightly more grey. I like these types of buildings much better than say that one on Pembina with the skyline detailed in grey, white, yellow, whatever colours are on that thing.
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  #356  
Old Posted May 28, 2024, 1:33 PM
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They are currently building the 16 storey building. Phase 2 is expected to start next year - 20 storeys.
Nice. I'm happy these are actually getting built!
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  #357  
Old Posted May 28, 2024, 10:51 PM
Wpgstvsouth94 Wpgstvsouth94 is offline
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Originally Posted by WinCitySparky View Post
Sorry what burnt down? Missed this somewhere.
https://www.cbc.ca/amp/1.6948555
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