SkyCity Centre Winnipeg | 45F | 575 Ft | 175.26 M | Cancelled - Page 42

Cyro · #**821** Posted **Sep 21, 2015, 4:56 PM**

Quote:

Originally Posted by CoryB

I haven't seen the model but the latest renderings looked like the podium dropped a floor of office space and gained two floors of parking. It will be interesting though if this goes ahead to see what the parking impact is as they are planning a lot of residential units which typically have people wanting to park one vehicle just off the elevator to their place. The surface lot they are building on has long been full during weekdays and demand is likely going to increase when (if) the police ever move in.

I believe the initial specs for office space have dropped from past releases.

Not sure of the exact number of parking spaces now available on how many floors of the podium, it was 4+1 under.

I guess we still have to look at what may happen with thier purchase of the St Regis and plans to add aprx: 625 stalls at that location, possibly alleviating the congestion you speak of..

bomberjet · #**822** Posted **Sep 21, 2015, 5:01 PM**

Yeah, any know whats going on with the St Regis. Doesn't Fortress own that now?

buzzg · #**823** Posted **Sep 21, 2015, 5:10 PM**

Quote:

Originally Posted by bomberjet

Yeah, any know whats going on with the St Regis. Doesn't Fortress own that now?

They bought it under strict conditions that they couldn't tear it down until SkyCity actually got started and it was guaranteed they would rebuild something on the same sight, subject to city approval. That's the gist of it.

Cyro · #**824** Posted **Sep 21, 2015, 5:16 PM**

Quote:

Originally Posted by buzzg

They bought it under strict conditions that they couldn't tear it down until SkyCity actually got started and it was guaranteed they would rebuild something on the same sight, subject to city approval. That's the gist of it.

To add, for aprx: $4 Million .It would revert back to Centre Venture in April 2017, if construction on the project failed to materialize.

Biff · #**825** Posted **Sep 21, 2015, 6:17 PM**

Quote:

Originally Posted by bomberjet

Yeah, any know whats going on with the St Regis. Doesn't Fortress own that now?

They have a development agreement with the City to start within 2 years. The preliminary plan is for the demolition of the St Regis and construction of a 4 or 5 story parkade, main floor commercial and approx 20,000 to 60,000 sq ft of office space on top.

Either way the St Regis comes down for something new.

............I think.

esquire · #**826** Posted **Sep 21, 2015, 6:19 PM**

^ Incidentally, the St. Regis is still operating as a hotel even though the bar is closed.

Cyro · #**827** Posted **Sep 21, 2015, 6:33 PM**

Quote:

Originally Posted by Biff

They have a development agreement with the City to start within 2 years. The preliminary plan is for the demolition of the St Regis and construction of a 4 or 5 story parkade, main floor commercial and approx 20,000 to 60,000 sq ft of office space on top.

Either way the St Regis comes down for something new.

............I think.

I was aware of the parkade and grade level commercial but does the preliminary plan call for several stories of office space above the parkade? I may be misunderstanding your post with up to 60K sq ft office space above, 6-7 storey structure?

Biff · #**828** Posted **Sep 21, 2015, 6:46 PM**

^^^ that is the preliminary plan.

esquire · #**829** Posted **Sep 21, 2015, 6:50 PM**

^ That would be really cool... at that height it would be visible from Portage. Other than the few storeys added on to the Avenue Building's neighbour when it was converted to residential a few years bac, that stretch of Portage has barely changed in the last 40 years. It would be nice to see something new around there.

Cyro · #**830** Posted **Sep 21, 2015, 6:59 PM**

Quote:

Originally Posted by Biff

^^^ that is the preliminary plan.

A much more palatable vision, with office space topping of the structure, rather than grade level CRU and a parkade above, hope it comes to fruition....

CoryB · #**831** Posted **Sep 21, 2015, 8:50 PM**

Quote:

Originally Posted by esquire

that stretch of Portage has barely changed in the last 40 years. It would be nice to see something new around there.

The Paris build (Portage at Garry) was gutted and renovated within the last 10-15 years. More recently the Property Registry moved into the building on the corner of Smith and Portage, again with heavy interior renovations.

bomberjet · #**832** Posted **Sep 21, 2015, 8:53 PM**

SkyCity says they will be releasing sales data after the public opening next weekend.

esquire · #**833** Posted **Sep 21, 2015, 8:57 PM**

Quote:

Originally Posted by CoryB

The Paris build (Portage at Garry) was gutted and renovated within the last 10-15 years. More recently the Property Registry moved into the building on the corner of Smith and Portage, again with heavy interior renovations.

It's nice to see the renos, but in terms of new buildings there has been very little around there.

Speaking of that area, man I wish something better than Vital Stats would set up shop in the old Bank of Nova Scotia at Portage and Garry. Such a beautiful old banking hall.

NK59 · #**834** Posted **Sep 22, 2015, 7:30 PM**

Units vary from 529 to 1003 square feet and $193,000 to $370,000 with the average being $381.85 per square foot based on their pricing sheet. As I understand it is $1,000 per floor extra as you go higher. Residential units are on floors 10 through 43 with 11 units per floor.

I wonder what the proportion of actual planned residents vs investors have bought out of the 125 that have sold.

buzzg · #**835** Posted **Sep 23, 2015, 5:06 AM**

Quote:

Originally Posted by esquire

^ That would be really cool... at that height it would be visible from Portage. Other than the few storeys added on to the Avenue Building's neighbour when it was converted to residential a few years bac, that stretch of Portage has barely changed in the last 40 years. It would be nice to see something new around there.

Sorry I know this is the SkyCity thread but it's relevant to your comment – anyone heard anything about WSD1's plan to centralize all ESL schools to that tall glass building at Portage and Smith (former GoC building, also has AMC now)? Thought it was supposed to happen for this school year as they had to start using William Osler again.

Quote:

Originally Posted by NK59

Units vary from 529 to 1003 square feet and $193,000 to $370,000 with the average being $381.85 per square foot based on their pricing sheet. As I understand it is $1,000 per floor extra as you go higher. Residential units are on floors 10 through 43 with 11 units per floor.

I wonder what the proportion of actual planned residents vs investors have bought out of the 125 that have sold.

Wait?! Did you hear credibly that they sold that many?!

bomberjet · #**836** Posted **Sep 23, 2015, 1:46 PM**

^^Unit "combo 2" is 1612 sq. ft. So that $381/sq ft number should come down some. Browsing through the layouts and there's some pretty nice ones, IMO.

Edit: But I guess they're 2 units combined together. So maybe that $381 number is accurate.

Biff · #**837** Posted **Sep 23, 2015, 2:04 PM**

If the number - 125 units sold is true I would have to believe this project has an excellent chance of going forward. That is 1/3 of the units sold in 2 days. Basically unheard of in Winnipeg. They essentially need to sell 75 units to be over 50% sold, hopefully enough to start construction and the sales centre hasn't even opened to the public yet.

esquire · #**838** Posted **Sep 23, 2015, 2:16 PM**

Who has actually said that Skycity sold 125 units?

HomeInMyShoes · #**839** Posted **Sep 23, 2015, 2:19 PM**

I heard somewhere that financing for stuff like this never really kicks in until about 70% sales. Hoping Winnipeg has the market to get there. Capital Point was at 66 of 180 at one point, but there's no chance they will ever make the 70% mark given how poisoned the Regina market is for them right now. In other news, there's going to be another announcement coming from CP apparently today.

Biff · #**840** Posted **Sep 23, 2015, 2:27 PM**

Quote:

Originally Posted by esquire

Who has actually said that Skycity sold 125 units?

NK59 just a few posts up. That's why I said "IF 125 is correct".