South of Temperance Patio and Restaurant coming down.
Bay Adelaide East, rising soon?
Word from UT is that notice has gone to the tenants in the existing tower that hoarding for the east tower will be going up the week of November 2. Looks like construction is right around the corner. Kudos to LeftCoaster for the scoop many months in advance.
Wow, that's got to be just for the office building though right? No way they'd build two massive condos on spec. Maybe just the parking garages.
Might not even build the parking and just excavate and leave a hole until they have a reason to fill it. We've seen that with several multi-building developments.
It's been rumoured for quite some time that Menkes was going to build the office component on spec. I think it was shared here a while ago.
Anyway no surprise, I expected this one to start some time late 2012 early 2013, as did the market.
Best of luck to them as they are going to be scrapping it out with 100 Adelaide west and Bremner which already have anchors and decent remaining space to fill.
You didn't miss anything. 100 Adelaide more than likely has a tenant but nothing has been announced yet.
What size they go with will really depend on the apatite for risk over at oxford. With their partnership on the spec office at 1 York I can't imagine they will want much exposure at 100 Adelaide but then again rational though is something i often find is lost on the execs at Oxford.
Not sure if anyone's mentioned this yet, but in addition to the two 1,070ft/326m towers, the hotel components for Oxfords convention center plan are estimated at 836ft/255m & 606ft/185m;
Quote:
Oxford, owned by the Ontario Municipal Employees Retirement System pension fund, has projected two hotels on the site at 836 and 605 feet. The former would be taller than all but five buildings in the country. But these figures are also mere estimates, Kitt said, and may change when a hotel company comes into the picture.
It's been rumoured for quite some time that Menkes was going to build the office component on spec. I think it was shared here a while ago.
Anyway no surprise, I expected this one to start some time late 2012 early 2013, as did the market.
Best of luck to them as they are going to be scrapping it out with 100 Adelaide west and Bremner which already have anchors and decent remaining space to fill.
The rumour centred on the office tower being built on spec along side the pre-sold residential towers. I doubt they have have reach their pre-sold targets. Logic suggests Oxford is close to sigining a major tenant for One York should construction proceed in the next couple of months.
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