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Originally Posted by ScottieA
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don't forget that part of this announcement is dealing with/renovating the existing building which they own - the one in which they had a major fire last year that resulted in calgary losing a lot its emergency services and radio stations and internet... of the 540,000 sf quoted, only 240,000 is in the 3 eau claire towers (which are all residential on top of the commercial base) according to their web site and it's not clear how much of that is real expansion vs consolidation from other locations. so yes it's a "good news story" for calgary but that doesn't make it a "bad news story" for edmonton. what it probably points out for edmonton is that much of our older inventory is likely see their tenant's requiring the same type of upgrading in the short/medium term future - something we can look forward to.
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