Winnipeg Construction

[SKYSTHELIMIT]

Originally Posted by Biff

.......oh yeah, i forgot. Convention Centre expansion announcement today at 1pm.

Too funny, I love the oh yeah. Great news I look forward to seeing some details.

[h0twired]

Originally Posted by SKYSTHELIMIT

Too funny, I love the oh yeah. Great news I look forward to seeing some details.

It is just funding details from the three levels of government.

I doubt that there will be a rendering.

[dpenner]

"city is giving $52.5 million, Ottawa is in for $46 million and the province is in for a similar amount"

so $150 million expansion, i wonder how much new space that will translate to, maybe give the centre some more architectural appeal. Ottawa just redid the facade on their convention center and its really 🞵🞵🞵🞵 wouldnt mind seeing winnipeg do something similar.

[cheswick]

The fight against the blight

Report calls parking lots the worst use of downtown land. What's being done about them?

By: Jen Skerritt and Bartley Kives

The first thing tourists notice when they visit Portage and Main is they can't cross the city's most famous intersection.That's curious enough.
Also puzzling is how a gravel surface-parking lot can exist only half a block to the north, within barricade-vaulting distance of Winnipeg's commercial centre.

The property known as 416 Main St. is one of dozens of downtown surface lots that occupy seemingly valuable real estate -- chunks of a revitalizing downtown that could be put to better use, say planners and politicians.

http://www.winnipegfreepress.com/local/i...-parking-lots-in-winnipeg-160044415.html

[Biff]

Originally Posted by dpenner

so $150 million expansion, i wonder how much new space that will translate to, maybe give the centre some more architectural appeal. Ottawa just redid the facade on their convention center and its really 🞵🞵🞵🞵 wouldnt mind seeing winnipeg do something similar.

The expansion will be in the 350-400,000 ft range (parkade included), not including the hotel, condo, office portions. I wouldn't count on a facade redo for the existing centre. They recently spent a pile of money replacing the old Tyndall stone facade with the new look cladding. The glassed portion over York will look pretty cool though, i believe it is two or 3 stories high. This will be a big project for downtown, not just for the convention centre but for it's additional parts.

[roccerfeller]

Great article on the parking lots cheswick, thanks for that. They look at the 11 most "blight worthy" lots downtown with light status updates

Also from the link above:

..
For example, 416 Main St. co-owner David Asper said it's taken time to identify the right kind of development for the lot. He initially hoped the site would be home to the Hydro building and would still like to place something significant on the property to bring more pedestrian traffic to the area.
Part of the problem, Asper said, is downtown Winnipeg's enormous size, relative to the city. The cost of building a new highrise, for example, outstrips the amount of rent you can charge to recoup the investment, he said.
Distasio said the vast amount of available downtown land in prime locations shows Winnipeg is still struggling to get more private businesses to invest in the area.
"It sends a signal we are still dealing with the challenges of infill projects in our downtown and attracting a significant number of new businesses," Distasio said.
Sending signals aside, the fact remains that property owners can still make a pretty penny from leaving their surface lots the way they are -- empty and occasionally full of passenger vehicles.
The following surface lots are 11 of the biggest contributors to downtown blight, in terms of the sheer space they take up, or are primed for redevelopment given their strategic location:
...

[dpenner]

city doesnt need another high rise, those lots should be filled with low to medium rise mixed used developments at a gradual pace. Parcel 4 should be the first as well as the lot right beside it that the Forks owns. Until the mindset of the city's consuming population shifts to one more urbanist in thought the process of developing any of these lots will be slow. Maybe policies regarding extra taxes for sprawling infrastructure costs should be implemented to new developments scaled to their distance from the city center and the properties assessed value. Maybe that will force people to choose housing options that are more urban friendly.

[vid]

"Downtown is too big for high rises". That's a new one.

[JamieDavid Exchange]

Originally Posted by Biff

The expansion will be in the 350-400,000 ft range (parkade included), not including the hotel, condo, office portions. I wouldn't count on a facade redo for the existing centre. They recently spent a pile of money replacing the old Tyndall stone facade with the new look cladding. The glassed portion over York will look pretty cool though, i believe it is two or 3 stories high. This will be a big project for downtown, not just for the convention centre but for it's additional parts.

Has renderings been released yet?
(besides the first original ones)

[roccerfeller]

Originally Posted by vid

"Downtown is too big for high rises". That's a new one.

I suppose the size thing is proportional to the office lease rates somehow, though I don't know exactly how. Perhaps, if comparing Winnipeg versus a city like Calgary where office space is in huge demand + the downtown is very focused and contained and thus not many options of building smaller buildings; gotta go tall to satisfy demand or there might not be enough downtown space to build a new tower (wherever downtown is zoned by the city).

In Winnipeg I'd imagine a high rise makes less sense. The ROI on lease $ is not enough to offset the cost of high rise construction if a) there is not enough office demand (thus not as many companies looking for office space) and b) a huge supply of potential development zones (aka empty lots). I would imagine with more smaller developments filling up space, office demand to constitute a high rise in Winnipeg would become much, much more feasible.

When considering the size of downtown Winnipeg, its quite alarming how much empty space there is in general. Not the same can be said of Calgary, for example.

Though, my analogy is following the assumption that office rates & downtown space can be related to rental rates and a residential tower with a very high number of residences, all considered within the context of demand.

Originally Posted by JamieDavid Exchange

Has renderings been released yet?
(besides the first original ones)

Nope. Not yet. "by the end of the summer" apparently, in the coming months we'll know.

The cost is going to be somewhere between $180million-$200million. Its going to be quite a significant. We know for sure there's the expansion itself + the hotel, but we don't know of any additional highrises (likely a mixed used development will be included as well)

Consider that the cost of the ALT hotel+Santec Office complex is ~$75 million dollars.

[1ajs]

Winnipeg Free Press - PRINT EDITION Building energy

Award winners reflect green aspect of Winnipeg's hot market

By: Martin Cash
Posted: 1:00 AM

[IMG]http://media.winnipegfreepress.com/images/648*343/4177680.jpg[/IMG]
PHOTOS BY PHIL HOSSACK / WINNIPEG FREE PRESS Enlarge Image
The Richardson Centre Concourse won the award for a renovated building.


The mini-renaissance taking place in the Winnipeg real estate market is happening within the context of only a modest uptick in population and economic growth.
What that means, among other things, is while there may not be enough demand for a brand-new multi-tenant downtown office tower, the existing stock of buildings must be refreshed to maintain their market standing.


ith widespread development of building technology innovations, there is no excuse for building owners and managers not to adapt the most energy-efficient and environmentally effective strategies.
If they don't do it, their competitors will.
Every year the Building Owners and Managers Association (BOMA) of Manitoba recognizes a number of member buildings at it annual Awards of Excellence event.
The winners, announced at a luncheon at the Delta Winnipeg on June 13, demonstrate a commitment to excellence with a dash of flare indicative of some new-found energy evident throughout the downtown.


http://www.winnipegfreepress.com/business/building-energy-160211165.html

[eemy]

Originally Posted by dpenner

"city is giving $52.5 million, Ottawa is in for $46 million and the province is in for a similar amount"

so $150 million expansion, i wonder how much new space that will translate to, maybe give the centre some more architectural appeal. Ottawa just redid the facade on their convention center and its really 🞵🞵🞵🞵 wouldnt mind seeing winnipeg do something similar.

Should note that they demolished and rebuilt; it was not just a new facade.

[Biff]

Originally Posted by roccerfeller

The cost is going to be somewhere between $180million-$200million. Its going to be quite a significant. We know for sure there's the expansion itself + the hotel, but we don't know of any additional highrises (likely a mixed used development will be included as well)

Consider that the cost of the ALT hotel+Santec Office complex is ~$75 million dollars.

It is my understanding that the $180-200 million figure is just for the WCC expansion. This figure does not include the private money for the Hotel and proposed condo and office component. I would think that the private money could be quite comparable to the public money going in........again, this is a very large project, and very complicated with a lot of cooks in the kitchen.

[roccerfeller]

Originally Posted by Biff

It is my understanding that the $180-200 million figure is just for the WCC expansion. This figure does not include the private money for the Hotel and proposed condo and office component. I would think that the private money could be quite comparable to the public money going in........again, this is a very large project, and very complicated with a lot of cooks in the kitchen.

I had an inkling but I wasn't certain, thanks for clarifying Biff

That is much more sizeable too, then so we could be looking at as high as $400MM going in overall?

[lilwayne]

http://www.winnipegfreepress.com/local/S...-to-invest-in-oil-and-gas-160362775.html

Manitoba has been ranked the best Canadian jurisdiction to invest in oil and gas, according to a survey released today.

The Global Petroleum Survey, prepared by the Fraser Institute, was based on the opinions of petroleum executives and managers, where Manitoba beat out Saskatchewan, in second place, and Alberta, in third place.

"The Prairies offer the clearest, most consistent, and most competitive policies for oil and gas investment in Canada," said Gerry Angevine in a release, Fraser Institute senior economist in the Global Resource Centre and co-author of the survey.

Manitoba’s improved scores in the areas of taxation, the cost of complying with regulations and environmental regulations allowed it to push Saskatchewan out of the first place spot.

Globally, Manitoba ranked fifth out of 147 jurisdictions in the survey, Oklahoma coming in at number one.

courtesy of free press

[armorand93]

Originally Posted by lilwayne

http://www.winnipegfreepress.com/local/S...-to-invest-in-oil-and-gas-160362775.html

Manitoba has been ranked the best Canadian jurisdiction to invest in oil and gas, according to a survey released today.

The Global Petroleum Survey, prepared by the Fraser Institute, was based on the opinions of petroleum executives and managers, where Manitoba beat out Saskatchewan, in second place, and Alberta, in third place.

"The Prairies offer the clearest, most consistent, and most competitive policies for oil and gas investment in Canada," said Gerry Angevine in a release, Fraser Institute senior economist in the Global Resource Centre and co-author of the survey.

Manitoba’s improved scores in the areas of taxation, the cost of complying with regulations and environmental regulations allowed it to push Saskatchewan out of the first place spot.

Globally, Manitoba ranked fifth out of 147 jurisdictions in the survey, Oklahoma coming in at number one.

courtesy of free press

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That, and its not really Winnipeg construction.

[h0twired]

Oh great.

Another SSP nazi.

[armorand93]

Originally Posted by h0twired

Oh great.

Another SSP nazi.

I'm pretty sure one of you guys used to grill me on that one too, until I started posting Free Press articles in the proper formatting. Just throwing that out there.

[vid]

You do seem to be singling him out. 1ajs has already told you to cool it. Use the report post button if it bothers you so much.

[armorand93]

Originally Posted by vid

You do seem to be singling him out. 1ajs has already told you to cool it. Use the report post button if it bothers you so much.

No idea if this is for h0twired or for me.