Regina Construction III

[one_brick_at_a_time]

So the new waterpark at the Travelodge Hotel and Conference Centre is worth $1.2 million then. Awesome.

Any word regarding the Rose Street Tower proposal? Wasn't Brandt considering being one of the main tenants?

[Stormer]

Originally Posted by one_brick_at_a_time

Any word regarding the Rose Street Tower proposal? Wasn't Brandt considering being one of the main tenants?

Not happening any time soon IMO. There is a huge glut of office space right now and it will get worse with Ag Place coming on stream.

Last year there was negative absorption of office space for the first time in years with several large tenants including Co-operators and Viterra contracting their space.

[one_brick_at_a_time]

Originally Posted by Stormer

Not happening any time soon IMO. There is a huge glut of office space right now and it will get worse with Ag Place coming on stream.

Last year there was negative absorption of office space for the first time in years with several large tenants including Co-operators and Viterra contracting their space.

So then hopefully maybe we can see some new residential or hotel towers being built downtown with commercial/retail space as well. I wonder what is happening with the Library development.

[Stormer]

Originally Posted by one_brick_at_a_time

So then hopefully maybe we can see some new residential or hotel towers being built downtown with commercial/retail space as well.

That is our best bet for at least 3 years, unless someone like SaskPower decides to build/rent a new tower.

[one_brick_at_a_time]

Also looking at the Cornwall Centre, I would guess Dynamite would be going into the old Smart Set as, from the website, Zumiez is marked going into the spot south of the old Smart Set. Not sure which store that was. Michael's or something Michael's? I can't remember, some ladies store. I don't think La Vie en Rose would be closing, unless they would would it somewhere else in the mall to add to the floor plate for the Smitty's area redevelopment.

From an email I just received from the mall, "...working towards a redevelopment that encompasses most of the common area spaces of Cornwall Centre. We are hoping to make announcements later this year that will dramatically change the landscape of Cornwall Centre." Vague, but still good to hear. I had asked about the dismal entrance off Sask Drive between Sears and the Sasktel building as it is not visually nice at all. Hopefully we will see some visual changes and upgrades/renovations.

[UrbanClimate]

New towers at U Regina.

[jigglysquishy]

While we don't realistically have any towers in the pipeline we should still get some development in the core. The mixed use going in the Canterbury Gardens is the best built in the city in decades and there's some multi-unit dwellings proposed for Cathedral.

The Lakeshore complex should be something special as well.

[CoR East]

Originally Posted by Stormer

That is our best bet for at least 3 years, unless someone like SaskPower decides to build/rent a new tower.

SaskPower is planning to move 1100 office and clerical workers to the GTH, so they won't be building new in the downtown anytime soon. Best we can hope for is that the Provincial agency running the GTH doesn't go after SGI, SaskEnergy and SaskTel as well...

http://www.saskpower.com/about-us/media-...rational-support-for-power-grid-renewal/

[SkydivePilot]

Originally Posted by CoR East

SaskPower is planning to move 1100 office and clerical workers to the GTH, so they won't be building new in the downtown anytime soon. Best we can hope for is that the Provincial agency running the GTH doesn't go after SGI, SaskEnergy and SaskTel as well...

http://www.saskpower.com/about-us/media-...rational-support-for-power-grid-renewal/

Well, if SaskPower moves their 1100 downtown employees into a 221,000-square-foot building out at the GTH, then SaskPower will never build another tower downtown.

If the GTH is to be the new hotspot to build within the Regina area, watch it boom.

[Stormer]

Originally Posted by CoR East

SaskPower is planning to move 1100 office and clerical workers to the GTH, so they won't be building new in the downtown anytime soon. Best we can hope for is that the Provincial agency running the GTH doesn't go after SGI, SaskEnergy and SaskTel as well...

http://www.saskpower.com/about-us/media-...rational-support-for-power-grid-renewal/

The GTH site is not intended for head office employees. It will replace such sites as their massive facility near 4th Ave. The head office remains downtown and SaskPower wants to do a huge upgrade to their building. It would likely be cheaper, in the short run and more efficient to move to a new head office building.

[SkydivePilot]

Originally Posted by Stormer

The GTH site is not intended for head office employees. It will replace such sites as their massive facility near 4th Ave. The head office remains downtown and SaskPower wants to do a huge upgrade to their building. It would likely be cheaper, in the short run and more efficient to move to a new head office building.

Ok. (How do I shoot my foot when it's already in my mouth? Lol!)

And yes, if SPC were to build a new head office, that likely wouldn't be any more expensive than refurbishment of the old one. That's the rationale I've always had for the airport terminal building.

[Stormer]

Originally Posted by SkydivePilot

Ok. (How do I shoot my foot when it's already in my mouth? Lol!)

And yes, if SPC were to build a new head office, that likely wouldn't be any more expensive than refurbishment of the old one. That's the rationale I've always had for the airport terminal building.

The original estimate was $143 million!

http://www.cbc.ca/news/canada/saskatchew...t-saskpower-hq-government-vows-1.2770121

http://www.saskpower.com/about-us/blog/5...power-head-office-refurbishment-project/

I have always said that they should move to a building with bigger floor plates and the existing building should be converted to a hotel and/or condo. Lease and require the new landlord to buy the old building, although this model failed in SGI's case.

[one_brick_at_a_time]

Originally Posted by Stormer

The original estimate was $143 million!

http://www.cbc.ca/news/canada/saskatchew...t-saskpower-hq-government-vows-1.2770121

http://www.saskpower.com/about-us/blog/5...power-head-office-refurbishment-project/

I have always said that they should move to a building with bigger floor plates and the existing building should be converted to a hotel and/or condo. Lease and require the new landlord to buy the old building, although this model failed in SGI's case.

It totally would be an amazing condo project! The Power Tower...or something...hahah!

[thefourthtower]

Originally Posted by jigglysquishy

While we don't realistically have any towers in the pipeline we should still get some development in the core. The mixed use going in the Canterbury Gardens is the best built in the city in decades and there's some multi-unit dwellings proposed for Cathedral.

The Lakeshore complex should be something special as well.

There is now the 27 story CP still in the works, the two residential towers that are proposed , and 1855 rose street which has not being cancelled, plus one more in the planning stages , these projects take time unless of course your Harvard developments

[CoR East]

Originally Posted by Stormer

The GTH site is not intended for head office employees. It will replace such sites as their massive facility near 4th Ave. The head office remains downtown and SaskPower wants to do a huge upgrade to their building. It would likely be cheaper, in the short run and more efficient to move to a new head office building.

You are largely correct, (although I have heard that some workers will be moved from downtown). Fact is though that if the GTH was part of the City, rather than being run by the province the development of a 221,000 sqft office facility would not be allowed according to the City's office policy. In its desperate and short-sighted efforts to get something (anything) going at the GTH the province is setting the area up to be in competition with downtown.

What could have been an opportunity for the development (or lease) of one or several properties in the core of the City, properties that could have been accessed by transit, bicycle or walking (along with cars), places that are close to shopping, services, and restaurants will instead only be accessible by private vehicle.

The GTH will have also gained 1100 or so private vehicles (2200 - 4400 trips per day that is a lot of road capacity being absorbed) accessing a site that was designed to support transport trailers and semis.

[BrutallyDishonest]

Originally Posted by Stormer

The original estimate was $143 million!

That wasn't so much an estimate, but a high-end wish list to start the negotiations. That is, ask for the moon so when they cut back you actually get a reasonable budget.

But the building needs the work done, and we should not follow the government's lead in letting buildings fail.

Originally Posted by Stormer

I have always said that they should move to a building with bigger floor plates and the existing building should be converted to a hotel and/or condo. Lease and require the new landlord to buy the old building, although this model failed in SGI's case.

The floor plates aren't really that small. It's the shape of the building that makes it more difficult.

[BrutallyDishonest]

Originally Posted by jigglysquishy

While we don't realistically have any towers in the pipeline we should still get some development in the core. The mixed use going in the Canterbury Gardens is the best built in the city in decades and there's some multi-unit dwellings proposed for Cathedral.

The Lakeshore complex should be something special as well.

The Canterbury stuff is the best idea in the city, I wouldn't say it's the best built. It is, more or less, inexpensively built condos.

The Gardens on Rose are really the best built residential stuff in a long while. Actual concrete! It does have street retail though it could have been more attractively done.

[thefourthtower]

Originally Posted by Stormer

The original estimate was $143 million!

http://www.cbc.ca/news/canada/saskatchew...t-saskpower-hq-government-vows-1.2770121

http://www.saskpower.com/about-us/blog/5...power-head-office-refurbishment-project/

I have always said that they should move to a building with bigger floor plates and the existing building should be converted to a hotel and/or condo. Lease and require the new landlord to buy the old building, although this model failed in SGI's case.

That building would be a ideal hotel

[Stormer]

Originally Posted by BrutallyDishonest

The Canterbury stuff is the best idea in the city, I wouldn't say it's the best built. It is, more or less, inexpensively built condos.

The Gardens on Rose are really the best built residential stuff in a long while. Actual concrete! It does have street retail though it could have been more attractively done.

Canterbury Common is concrete with ground floor retail, u/g parking and full brick and stone exterior.

[BrutallyDishonest]

Originally Posted by Stormer

Canterbury Common is concrete with ground floor retail, u/g parking and full brick and stone exterior.

The foundation is concrete, like most buildings. It is not concrete between the retail and residential.

Maybe I was a bit too flippant. It is an attractive building, with the stone and brick. It looks nice. I like it. But that's dressing. There has been many, many complaints from the condo owners and the landlord about the noise coming from the retail level. It's still basically a stick built condo.