Quote:
Originally Posted by Mattyyy
I'm sure the rest of the article will surface elsewhere shortly. It doesn't give much more information, other than the exterior will completely be refinished to look something similar to the BMO building on Main St.. The interior will also be completely refinished, which will add to the square footage - this should be very nice. There are also plans for the second building, and they will only be proceeding with phase 1 at this point.. Project begins in September - will take approximately 12 months.. That about sums it up!
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Indeed, this is the link to the full article from a freely available site on the internet:
http://22864.vws.magma.ca/index.php?&article_id=9003
This sounds like a major renovation project and I can't imagine Crombie not also renovating the second office tower as well. i'm sure that will occur in short order after the first renovation project is complete.
I think it's safe to say that Crombie REIT is merely reinvesting the profits they will make from the sale of Highfield Square next door. This is what George LeBlanc meant when he stated that the "uncertainty" about the location of the events centre was actually delaying investment decisions in the core.
I think this is a major vote of confidence in the future of the west end of the downtown core. Once the announcement is finally made about the construction of the events centre itself, I imagine other announcements will shortly follow about the Aquillini block and possibly also the block with the old CIBC and Coast Tire on it.
The next 5-7 years should be
very interesting along West Main St.