Posted Jun 18, 2023, 2:06 PM
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I am the law!
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Join Date: Sep 2002
Location: Toronto+
Posts: 22,855
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It will take an extraordinary situation for any of these office towers to break ground in the next 10 years.
AFAIK, CIBC Capital Markets fully occupies the office space on the site of Brookfield Place 3 and it's a safe bet they won't be seeking renewal once the lease expires. I can see a complete rethink for the CC3 development plan if the grim office market projections are met in the next few years. I don't agree with this however, the two mid rise blocks could be ideal podium bases for residential slabby towers.
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