Several new office buildings underway in Regina
By Bruce Johnstone, Leader-Post October 7, 2010 6:26 PM REGINA — After being grounded for decades, Regina's office market is ready to take flight, with several new office buildings underway, a commercial real estate conference was told Thursday.
"For the first time in many years, there is excitement to share regarding new office developments,'' said Dale Griesser, president of Avison Young Commercial Real Estate (Sask.), which organized the half-day conference.
"This is happening in both downtown and the suburban area of the city in three design (types): small office, large office and suburban campus settings,'' Griesser told about 235 conference participants.
As examples, Griesser cited several projects that have been announced recently, including a four-story, 80,000 square-foot office building at Albert Street and 11th Avenue and a three-storey, 55,000-square-foot office building on Pasqua Street and Dewdney Avenue,
"We're excited to talk about these office buildings because they will be available very soon and they're greatly needed to appease the pent up demand (for office space) in the market,'' he said.
Of course, the big news in the downtown office market is Harvard Development's Hill Centre Tower III, a 20-storey, 208,000 square-foot office tower at Hamilton Street and 12th Avenue.
The $100-million project, which is slated for completion in late 2012, is the first office tower to be built in downtown Regina in 20 years.
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