Quote:
Originally Posted by pacman
A little birdie told me Lowe's going in at Linden Ridge shopping centre behind the Co-op. Might be old news but I doubt they would have two locations so close to eachother.
|
This is the one of heard as well. Apparently years in the works!
Quote:
Originally Posted by CoryB
I heard from someone that the Tuxedo Business Park has as a similar amount of office space to 201 Portage Ave.
The opening of TNS could make for some interesting times though. TNS is largely going to be a relocation of office space from within downtown, mostly Class A buildings. This is going to put a general pressure on downtown office leases rates across the board as landlords are going to have empty space and be searching for people to fill it. Some might go the Sterling route and convert to residential but others might start aggressively chasing those office type tenants that are currently out in the suburbs. The lure of free parking could be difficult to overcome though but the lease rate on the financial statement could definitely help especially when its the employees not the employer that end up picking up the cost of downtown parking.
|
It will be interesting to see who stays and who goes... because those leaving are leaving for a big increase in lease rates at TNS. That leaves a vacuum and could see 201 Portage, for example, even lower their prices to fill up... Hopefully the market notices the upward trend and views 201's rates as a bargain and then no lowering has to occur.
Most of the taller office buildings do not lend well to conversions, but hopefully some smaller ones still do.
Quote:
Originally Posted by Urban recluse
Aside from structural considerations (designs of the floors) hindering conversion, which I do not think exists in great numbers in downtown Winnipeg buildings, to not see more residential conversions of office space sitting vacant for years is ridiculous.
|
This would be especially, and continually beneficial for the RRC population. Cities should know by now... make the universities work downtown and you've created a market place.