Regina Construction III - Page 233

Nathan · #**4641** Posted **Jan 27, 2016, 5:24 AM**

Quote:

Originally Posted by one_brick_at_a_time

A multipurpose building NEEDS to go there to add some life back into that portion of Hamilton, and the Cornwall Centre side needs to open its facade to make it more active.

Definitely agree, but the whole demolish-a-building-of-rental-units-to-put-up-a-"temporary"-parking-lot when the design of the replacement building wasn't really fleshed out to begin with, just never sat all that well for me.

BrutallyDishonest2 · #**4642** Posted **Jan 27, 2016, 1:16 PM**

Quote:

Originally Posted by Nathan

Definitely agree, but the whole demolish-a-building-of-rental-units-to-put-up-a-"temporary"-parking-lot when the design of the replacement building wasn't really fleshed out to begin with, just never sat all that well for me.

Central to the plan was simply eliminating a liability since the building was in such terrible shape.

That said, I have no doubt that the right with development opportunity something would get built there.

HomeInMyShoes · #**4643** Posted **Jan 27, 2016, 6:31 PM**

Quote:

Originally Posted by Nathan

Definitely agree, but the whole demolish-a-building-of-rental-units-to-put-up-a-"temporary"-parking-lot when the design of the replacement building wasn't really fleshed out to begin with, just never sat all that well for me.

Almost everyone outside of the owner of the property and maybe city council would agree with you. That block lost so much over the years.

one_brick_at_a_time · #**4644** Posted **Jan 27, 2016, 6:50 PM**

Quote:

Originally Posted by HomeInMyShoes

Almost everyone outside of the owner of the property and maybe city council would agree with you. That block lost so much over the years.

Just got a phone call regarding the Hamilton Place project and the gentleman on the phone said the project is "dead cold." All hope is gone. lol

Stormer · #**4645** Posted **Jan 27, 2016, 6:59 PM**

Quote:

Originally Posted by one_brick_at_a_time

Just got a phone call regarding the Hamilton Place project and the gentleman on the phone said the project is "dead cold." All hope is gone. lol

So this means under no circumstances should the parking permit be renewed, especially since they did not comply with the original one. this si the only tool the City has to encourage re-development.

one_brick_at_a_time · #**4646** Posted **Jan 27, 2016, 7:56 PM**

Quote:

Originally Posted by Stormer

So this means under no circumstances should the parking permit be renewed, especially since they did not comply with the original one. this si the only tool the City has to encourage re-development.

What date does it have to be renewed?

HomeInMyShoes · #**4647** Posted **Jan 27, 2016, 8:09 PM**

Well it was approved in March 2013. So it's coming up on three years now. Not sure how long these parking lot permits last for.

Stormer · #**4648** Posted **Jan 27, 2016, 8:13 PM**

Quote:

Originally Posted by one_brick_at_a_time

What date does it have to be renewed?

I believe in March. First time around the City stated:

Quote:

The Zoning Amendment would accommodate surface parking lot for a period of three years after which time the contract zone would expire and revert back to existing zoning standards. The D-Downtown Zone does not permit surface parking lots without active street frontage. The contract zone would legally accommodate the use on a temporary basis.

It was really to accommodate construction workers at Ag Place so the would clog the street like they had with Tower 3. Ag place has 3 levels of underground it has just added to the parking stock in the area

HomeInMyShoes · #**4649** Posted **Jan 27, 2016, 8:23 PM**

Should we place bets on the outcome of all this when the permit expires?

Festivus · #**4650** Posted **Jan 27, 2016, 8:25 PM**

Quote:

Originally Posted by HomeInMyShoes

Should we place bets on the outcome of all this when the permit expires?

Permit will be renewed as the owners will say they are committed to a project, even though everyone knows it is dead. City doesn't really care though.

Nathan · #**4651** Posted **Jan 27, 2016, 8:37 PM**

Quote:

Originally Posted by Festivus

Permit will be renewed as the owners will say they are committed to a project, even though everyone knows it is dead. City doesn't really care though.

My thoughts too.

Stormer · #**4652** Posted **Jan 27, 2016, 8:48 PM**

I predict that Council will actually take a stand here. Remember last time they had Harvard supporting them - Harvard actually wrote a letter to council that parking was needed for construction workers. This time around it is in Harvard's interest to oppose this as it is competition for their many parkades.

Stormer · #**4653** Posted **Jan 27, 2016, 9:12 PM**

Alt is building a hotel at River Landing Saskatoon. THis will give you an idea of what they could build in Regina.

SkydivePilot · #**4654** Posted **Jan 27, 2016, 9:33 PM**

Does anyone have any updates about an Alt hotel for Regina? Victoria Ave and Rose/Hamilton is sure begging for a development like that.

Stormer · #**4655** Posted **Jan 27, 2016, 9:38 PM**

Quote:

Originally Posted by SkydivePilot

Does anyone have any updates about an Alt hotel for Regina? Victoria Ave and Rose/Hamilton is sure begging for a development like that.

The PR for Saskatoon says they plan for another dozen hotels, so I am sure Regina remains on their radar, although I am pretty sure they have not acquired land here.

Other possibilities are the temporary lot at 1755 Hamilton. Sask Drive and Albert, 12th and Broad.

scotty c · #**4656** Posted **Jan 27, 2016, 10:14 PM**

Quote:

Originally Posted by Stormer

The PR for Saskatoon says they plan for another dozen hotels, so I am sure Regina remains on their radar, although I am pretty sure they have not acquired land here.

Other possibilities are the temporary lot at 1755 Hamilton. Sask Drive and Albert, 12th and Broad.

Could they not also jump in on the Capital Pointe project considering it hasn't had a hotel tenant confirm.

Nathan · #**4657** Posted **Jan 27, 2016, 10:25 PM**

Quote:

Originally Posted by scotty c

Could they not also jump in on the Capital Pointe project considering it hasn't had a hotel tenant confirm.

Their while concept is generally pared down amenities for a lower hotel cost... Cheap chic. But they situate themselves in areas that make up for their lack of in hotel perks.

CP on the other hand is more looking for a full service hotelier.

thefourthtower · #**4658** Posted **Jan 31, 2016, 7:09 PM**

http://leaderpost.com/business/local-bus...igh-vacancy-low-demand-forecast-for-2016
Regina office market: High vacancy, low demand forecast for 2016

Bruce Johnstone
More from Bruce Johnstone

Published on: January 19, 2016 | Last Updated: January 19, 2016 4:06 PM CST
Class A space in Regina has seen the most dramatic increase from 4.8 per cent to 7.8 per cent in six months, almost entirely due to the 40,000 square feet of excess space in the newly completed Agriculture Place. Stantec, the engineering firm, has committed to relocate to Agriculture Place in the second quarter of 2016, thus absorbing nearly all of the remaining space.

“We can attribute almost every square foot” of that vacant space to 400,000 square feet of new Class A office space being added to the downtown core, Kelsey said.

In the fourth quarter, Farm Credit Canada moved into its new digs at Agriculture Place. That plus a number of small office users filling vacancies throughout the downtown core contributed to the absorption of just under 80,000 square feet of space. Colliers expects that with the completion of Agriculture Place, the rate of absorption will slow, as few new tenants are in the market for Class A space.

Colliers forecasts that the Regina downtown market will likely see high vacancy and low demand persist in 2016. The completion of Agriculture Place has already had an impact and in 2016 this will become more apparent in the Class B vacancy rate. For example, relocations like the provincial government from the Financial Building to Grenfell Tower could increase the Class B vacancy rate.

Overall, absorption will be low or possibly negative and that vacancy could rise above 13 per cent by end of year 2016, Colliers said.

But if you think Regina’s office market is slow, take a look at Calgary, he said. “Six million square feet of space in downtown Calgary are vacant right now,” Kelsey said. “Our whole market is only 4.5 million feet of competitive office space,” he said, adding that the total vacancy rate (Class A, B and C downtown office buildings) is roughly 10 per cent.

Kelsey said Regina’s traditionally low office vacancy rate has raised concern about the large increase in vacancy in the past couple of years. But overall Regina’s commercial real estate market is in pretty good shape, he added.

“Our industrial space is just four per cent vacant. Our retail is just three per cent. If you take office (vacancy rate) as a snapshot of the commercial real estate market

thefourthtower · #**4659** Posted **Jan 31, 2016, 7:11 PM**

Could a ATL hotel be coming to a theatre near you

SkydivePilot · #**4660** Posted **Feb 1, 2016, 11:39 PM**

Does anyone know what is going on at the refinery? There is a crane there that's rated at 1200-1500 tons.