Edmonton Construction 12 (December 2013) - Page 107

Coldrsx · #**2121** Posted **Apr 11, 2014, 10:13 PM**

They were/are considering it along with some other locations... parking there is an issue for potential tenants.

240glt · #**2122** Posted **Apr 11, 2014, 11:28 PM**

Quote:

Originally Posted by CMD UW

I believe Yardstick is in negotiations to take up that building. Moving from the south side to downtown.

Another firm from the southside just took 20k in a downtown building just recently as well

Hallsy's Toupee · #**2123** Posted **Apr 12, 2014, 1:13 AM**

Quote:

Originally Posted by CMD UW

I believe Yardstick is in negotiations to take up that building. Moving from the south side to downtown.

Though I still kinda wish the Edmonton Club was a valley-facing restaurant, I'm glad to see these guys moving to the core.

GreenSPACE · #**2124** Posted **Apr 12, 2014, 4:33 AM**

Yay on Yardstick and Enbridge.

Airboy · #**2125** Posted **Apr 12, 2014, 10:20 PM**

I noticed today that footings were going in on the south side of 104ave at the arena site. Also the crane is being assembled at the CWB site on jasper.

Black Star · #**2126** Posted **Apr 12, 2014, 11:08 PM**

CWB...actually not looking forward to this.

Footings were going in on the south side of 104ave at the arena site.

Impressive speed for sure.

Coldrsx · #**2127** Posted **Apr 12, 2014, 11:22 PM**

It better be built by the time I get back from shanghai... later

Coldrsx · #**2128** Posted **Apr 13, 2014, 1:27 AM**

Mayfair North

http://cwed.reapplications.com/filecabinet/Trans/017277/04032014mayfair.pdf

MalcolmTucker · #**2129** Posted **Apr 13, 2014, 4:32 AM**

Much better.

Black Star · #**2130** Posted **Apr 13, 2014, 6:04 AM**

Better than what was initially planned. No where near what should be there. But Great for a suburb.

Skyisnolimit · #**2131** Posted **Apr 13, 2014, 12:35 PM**

Everybody seems hung up on the office vacancies and head offices, mark my words Edmonton will be luring back head offices to the downtown core, once it is revitalized and leases start to end down south I see a migration north to better lease deals and a vibrant trendy place to be . Next few years is the time where Edmonton needs to showcased as the place you want your corporate offices to be. I predict 6 new downtown office skyscrapers 25 floors and up by year 2020 proposed and under construction. along With 10-15 high rise Condo's And Edmonton's population city wise at the brink of a million.

fortroad · #**2132** Posted **Apr 13, 2014, 4:47 PM**

Quote:

Originally Posted by Skyisnolimit

Everybody seems hung up on the office vacancies and head offices, mark my words Edmonton will be luring back head offices to the downtown core, once it is revitalized and leases start to end down south I see a migration north to better lease deals and a vibrant trendy place to be . Next few years is the time where Edmonton needs to showcased as the place you want your corporate offices to be. I predict 6 new downtown office skyscrapers 25 floors and up by year 2020 proposed and under construction. along With 10-15 high rise Condo's And Edmonton's population city wise at the brink of a million.

I would like it if you were right, but I don't see many companies uprooting from Calgary, perhaps they will just have a greater presence in Edmonton.

hqcan · #**2133** Posted **Apr 13, 2014, 11:45 PM**

Quote:

Originally Posted by 240glt

That's the rumour we're hearing

Our sources tend to have a pretty solid idea what's going on out there, so we'll see

That would be incredible news if it went through. Enbridge in 102nd would have this city's marquee company it it's marquee building.

CMD UW · #**2134** Posted **Apr 14, 2014, 2:54 AM**

Quote:

Originally Posted by Skyisnolimit

Everybody seems hung up on the office vacancies and head offices, mark my words Edmonton will be luring back head offices to the downtown core, once it is revitalized and leases start to end down south I see a migration north to better lease deals and a vibrant trendy place to be . Next few years is the time where Edmonton needs to showcased as the place you want your corporate offices to be. I predict 6 new downtown office skyscrapers 25 floors and up by year 2020 proposed and under construction. along With 10-15 high rise Condo's And Edmonton's population city wise at the brink of a million.

Unfortunately, don't expect too many if any corporate HO relocations. They simply don't happen that often period. Instead, we are and should be focusing on growing our our homegrown companies. There are a number of smaller start-ups that are making their mark and growing. There are also a number of established companies that are poised to grow over the next number of years. Reality is that our office market will continue to be dominated by smaller and mid-sized companies and there's nothing wrong with that.

Shodan · #**2135** Posted **Apr 14, 2014, 12:44 PM**

Galleria project could be risky for taxpayers, report says
Proposal calls for new office tower to generate funds for cultural sites

Sheila Pratt
Edmonton Journal

Monday, April 14, 2014

A new city report warns that taxpayers could be on the hook if the $1-billion Galleria project - composed of a downtown office tower, theatres and university classrooms - experiences financial problems.

The report also says that given the rising downtown vacancy rate, another new tower could cause downward pressure on rents and reduce the city tax revenue set aside to support the public-private partnership, which would include the University of Alberta...

[email protected]
© Edmonton Journal 2014

Copyright © 2014 CanWest Interactive, a division of CanWest MediaWorks Publications, Inc.. All rights reserved.
CanWest Interactive, a division of CanWest MediaWorks Publications, Inc.. All rights reserved.

http://www2.canada.com/components/print.aspx?id=41627da6-9ccc-4090-b1da-f1072bd7f14c&sponsor=

MalcolmTucker · #**2136** Posted **Apr 14, 2014, 2:32 PM**

"But at a closed meeting in February, the foundation asked for a climate-controlled pedway with moving sidewalks that will cost $25 million to $40 million. Without that, the U of A will not participate."

Hahaha. You know what will be pretty much the only factor on whether the U of A takes the space or not? Whether the provincial government covers its rent 100% or not.

240glt · #**2137** Posted **Apr 14, 2014, 2:41 PM**

Indeed. What an odd statement.

There's already downward pressure on lease rates right now. If they have a tenant for the tower then great. Get financing and build it. But given what else is going on right now, this is not the time for speculation

s4.audios · #**2138** Posted **Apr 14, 2014, 5:28 PM**

Saw a sign up on the corner of 117st and 107ave by Carrington. Three of four storey condo, I forget the name it said but I don't think it has ever been mentioned?

rapid_business · #**2139** Posted **Apr 14, 2014, 5:38 PM**

No, we were talking about it before. Vibe or something.

They bought the site from Tessco when they went belly up. Removal of commercial from the main floor from Tescco's design is a concern and the relegation to the separate building that may or may not ever get built is not ideal.

CMD UW · #**2140** Posted **Apr 14, 2014, 6:31 PM**

Quote:

Originally Posted by rapid_business

No, we were talking about it before. Vibe or something.

They bought the site from Tessco when they went belly up. Removal of commercial from the main floor from Tescco's design is a concern and the relegation to the separate building that may or may not ever get built is not ideal.

It was actually Time Developments that went under. I don't like hearing about removing the retail. I assume they will have retail along 107 Avenue?