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  #9801  
Old Posted Mar 3, 2017, 6:03 PM
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The race is on between Triovest and Canwest (North Prairie). Anyone have a sense of what square footage of office could be built for $50M?

Article says the office is likely to face 4th Ave. I wonder what the fate of the 3rd Ave-facing portion of their property will be. Hopefully it well be held for future condo development, and not made into a permanent parking lot to serve this office tower or something.

I also hope that this iteration of the project will be a better design than its City Centre predecessor.
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  #9802  
Old Posted Mar 3, 2017, 6:03 PM
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Originally Posted by macca View Post
thats a surprise. didnt expect this to come forth. great news for the city overall.

wonder where its going? old police station lot?
     
     
  #9803  
Old Posted Mar 3, 2017, 6:04 PM
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I see macca posted the Global article. Sorry, I was citing details from CBC: http://www.cbc.ca/news/canada/saskatoon/...saskatoon-to-start-this-summer-1.4008407
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  #9804  
Old Posted Mar 3, 2017, 6:25 PM
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Quote:
Originally Posted by Echoes View Post
The race is on between Triovest and Canwest (North Prairie). Anyone have a sense of what square footage of office could be built for $50M?

Article says the office is likely to face 4th Ave. I wonder what the fate of the 3rd Ave-facing portion of their property will be. Hopefully it well be held for future condo development, and not made into a permanent parking lot to serve this office tower or something.

I also hope that this iteration of the project will be a better design than its City Centre predecessor.
i cant see them going smaller than 15? its in the core of our city...you would think big projects will be held for that "core" area overall. if im thinking right, the 2013 proposal had 87 million at 27 storeys...but that was residential too.

my guess...15-18 storeys at 70-85m tall.
     
     
  #9805  
Old Posted Mar 3, 2017, 7:16 PM
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Originally Posted by mitchellk12 View Post
i cant see them going smaller than 15? its in the core of our city...you would think big projects will be held for that "core" area overall. if im thinking right, the 2013 proposal had 87 million at 27 storeys...but that was residential too.

my guess...15-18 storeys at 70-85m tall.
I believe Agriculture Place in Regina was $60 million for 11 storeys.
     
     
  #9806  
Old Posted Mar 3, 2017, 7:42 PM
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I believe Agriculture Place in Regina was $60 million for 11 storeys.
Great, thanks.
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  #9807  
Old Posted Mar 3, 2017, 9:12 PM
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Originally Posted by Echoes View Post
Anyone have a sense of what square footage of office could be built for $50M?
160,000 SF of office at $250/SF = $40M Add another 60,000 SF of underground parkade at $150/SF = $9M, get you to at total of $49M. May not be exact, but gives you an idea.
     
     
  #9808  
Old Posted Mar 3, 2017, 9:31 PM
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Well 10 to 11 stories isnt bad. The coolest part is probably that it might be a World Trade Center.
     
     
  #9809  
Old Posted Mar 3, 2017, 11:17 PM
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Quote:
Originally Posted by mitchellk12 View Post
i cant see them going smaller than 15? its in the core of our city...you would think big projects will be held for that "core" area overall. if im thinking right, the 2013 proposal had 87 million at 27 storeys...but that was residential too.

my guess...15-18 storeys at 70-85m tall.
Pretty sure you won't get that for $50 million nowadays unless it's some cheap featureless box.
     
     
  #9810  
Old Posted Mar 4, 2017, 3:10 AM
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Quote:
Originally Posted by mitchellk12 View Post
i cant see them going smaller than 15? its in the core of our city...you would think big projects will be held for that "core" area overall. if im thinking right, the 2013 proposal had 87 million at 27 storeys...but that was residential too.

my guess...15-18 storeys at 70-85m tall.
Hmm, find this a bit surprising giving the vacancy rate is high, not sure where the demand is going to come from for a sizeable new office building.

A fourth-quarter survey shows that the rate of vacancies in downtown jumped to 16.5 per cent.
     
     
  #9811  
Old Posted Mar 4, 2017, 3:37 AM
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here is a link to the partial report, i can't link you to full report

http://www.collierscanada.com/en/commerc...ffice-market-report-q4-2016#.WLo22fI-G1d
     
     
  #9812  
Old Posted Mar 4, 2017, 6:26 AM
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I'm prepared to be disappointed by this proposal.
     
     
  #9813  
Old Posted Mar 4, 2017, 2:41 PM
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This is pure speculation on my part, but if this proposal ends up being built on the spot designated for the 'city center' perhaps it will look like the office portion of that proposal. I understand that they have changed the plans since those renderings were released but if the intention is to still have condos on the property I can't imagine they would alter the look too much? If condos aren't in the grand plan anymore, maybe the look would take on more of the appearance of the smaller office building there that I believe bhp uses. In any case I would hope something designated with a 'world trade center' label would have at least a little bit of wow factor. Of course, the same could maybe have been said about the Shangri-la...
     
     
  #9814  
Old Posted Mar 4, 2017, 4:19 PM
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Originally Posted by The S'toon Goon View Post
This is pure speculation on my part, but if this proposal ends up being built on the spot designated for the 'city center' perhaps it will look like the office portion of that proposal. I understand that they have changed the plans since those renderings were released but if the intention is to still have condos on the property I can't imagine they would alter the look too much? If condos aren't in the grand plan anymore, maybe the look would take on more of the appearance of the smaller office building there that I believe bhp uses. In any case I would hope something designated with a 'world trade center' label would have at least a little bit of wow factor. Of course, the same could maybe have been said about the Shangri-la...
I feel like North Prairie cancelled that condo tower's progress over the sub par demand for Shangri La - because they actually believe Shangri is downtown (hence their horrible marketing of it being downtown). I live in a condo two blocks closer than Shangri La to downtown in City Park and don't consider myself living downtown. I feel like North Prairie does so much suburb development they actually compare demand for Shangri La to what demand for their downtown tower would be. I emailed them a couple years ago and asked when their downtown tower was coming as I'm looking to move downtown and they said they already have their "downtown" tower Shangri La for sale.

On a side note I went to Shangri La and there is no way I would move from my condo built and hasn't really been renovated much since it was built in 1982 to that thing. I have friends that live there that pay insane rent for such horrible quality and lack of services they get to that thing. They couldn't have cut anymore corners on that thing. I'm only writing this because I hope they read this thread. I hope their heads spun when river landing's condos sold in a week and according to their website Shangri La is still only 75% sold.

Is anyone also confused to why this announcement is happening now with no information other than a horribly low dollar value - and how Atchison, the guy as mayor publicly vouched for downtown development with next to no policy changes. It's like they're doing it as a disorganized attempt to scare developers like River Landing's from current commercial tower construction in a time of high vacancy - but low construction costs. All of these towers should be built as we speak - isn't spring a slower time to dig?
I just learned that the old police station's parking goes up to $385/month http://www.icrcommercial.com/component/phocadownload/category/1-surveys?download=104:parking-survey I pay for two underground spots 1 downtown at work and 1 at my place in City Park for around $300/month. That's a cruel monopoly, and that's no incentive for those new developers to build a new tower in that prime spot. If anything that's incentive to build more parking there. I really hope this new mayor brings in some policy change to downtown development because there's a clear reason Saskatoon has lagged behind even smaller centers for downtown condo and commercial development. When a high profile company like Urban Capital comes into this province and is surprised by the demand in this region, it should be a signal to our council to make policy changes to push these slow moving duopoly developers.

I'm about to do some research on these other World Trade Centers including location, tower size, and cost, in Canada as it scares me that they gave North Prairie the rights to this thing. I just did a quick Google search on Vancouvers and it's connected to the whole Canada Place. If that's the case, this World Trade Center trademark should be attached to the new downtown commercial tower that would be attached to the new downtown arena that will be built in 10-15 years - preferably in the location of where Toys R Us is and also connected straight to the mall - finally connecting a large portion of the downtown - just like Winnipeg's interconnected downtown (somewhere I've lived over the winter and summer and LOVED their interconnected tunnels because let's be honest winter sucks here on those cold days - my coworkers would go for runs in the 5 km of connected into tunnels and skywalks). Since I'm guessing this will be one of the smallest World Trader Centers in Canada with this kind of budget (and Atchison's talk of connecting private, gov, and NGO's in this building is a complete jargon of nonsense), it's a shame they gave it to a developer like North Prairie who has more of a track record of making big announcements that have if anything scared away smaller developers with a max $50M budget versus North Prairie's true 300M plus budget they actually have. Shame.
     
     
  #9815  
Old Posted Mar 4, 2017, 6:17 PM
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A new Star Pheonix article posted below says the building will be in the 8 or 9 story ballpark. As far as height goes its not spectacular but it is about on par with the WTC's in Halifax, Edmonton and Winnipeg although I am not sure about the total square footage although I would suspect they are also similar. I am assuming Montreal Toronto and Vancouver are all much larger and really not comparible so I didnt actually look into them. Yeah NPD dropping the condo and now the height of this building sucks. I wish they did above ground parking for skyline athstetics. But I will say this if they already have tenents lined up for this building with unique business connections and advantages then its a win for Saskatoon either way.

I believe total vacancy is 16.5% for Saskatoon but its mostly in B and C class space. I believe class A space which this tower is likely to be is not only a very small part of the total in the CBD but also has a better vacancy, between 5 and 10 % in 2016.

http://thestarphoenix.com/business/real-...50-million-office-tower-in-downtown-core
     
     
  #9816  
Old Posted Mar 4, 2017, 6:42 PM
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Quote:
Originally Posted by saskatoonborn View Post
A new Star Pheonix article posted below says the building will be in the 8 or 9 story ballpark. As far as height goes its not spectacular but it is about on par with the WTC's in Halifax, Edmonton and Winnipeg although I am not sure about the total square footage although I would suspect they are also similar. I am assuming Montreal Toronto and Vancouver are all much larger and really not comparible so I didnt actually look into them. Yeah NPD dropping the condo and now the height of this building sucks. I wish they did above ground parking for skyline athstetics. But I will say this if they already have tenents lined up for this building with unique business connections and advantages then its a win for Saskatoon either way.

I believe total vacancy is 16.5% for Saskatoon but its mostly in B and C class space. I believe class A space which this tower is likely to be is not only a very small part of the total in the CBD but also has a better vacancy, between 5 and 10 % in 2016.

http://thestarphoenix.com/business/real-...50-million-office-tower-in-downtown-core

Here's a summary of Halifax's:

Halifax WTC
http://www.wtcchalifax.com/en/home/default.aspx


Summary Video

summed up, it's connected to the Halifax LINK pedway system, which connects tunnels and walkways to 1,000 hotel rooms in the downtown and also basically attached to their ScotiaCenter.


Since Atch is the dome around the downtown type of guy, I really hope he has the type of ambitious long term plans to push NPD to look long term and see a vision for connecting this development to our Scotia Center and to the mall/TCU, but I really have no faith. They seem like they'll cookie cutter this building to be a standalone small tower in the middle of the city that no one will notice. Prove me wrong though!
     
     
  #9817  
Old Posted Mar 4, 2017, 7:43 PM
ToonTownRob ToonTownRob is offline
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Unhappy Yawn...

Saskatoon home builder who has never done a large commercial office tower before announces a new 8 or 9 storey office tower for downtown Saskatoon.

Construction to start in three months...

This is the same home builder who:
Announced plans for the tallest building in Saskatchewan on this site.
Announced construction to start two years ago.
Said construction delayed due to high building costs.
Changed plans.
After building costs go down, said construction not going ahead due to low demand.
Announces 8 or 9 storey building with fancy name, fronted by best-buddy former mayor who pushed through construction of a replica bridge of a 100+ year old structure with no redeeming qualities of its own, and which is no longer needed.

How many announcements of office towers in Saskatoon have been discussed in this thread? And still, not even a hole in the ground anywhere.

An office 'tower' for Saskatoon? By a company that has never built one?

Yeah, right!
     
     
  #9818  
Old Posted Mar 4, 2017, 7:52 PM
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Some info on the World Trade Centre branding:

https://www.wtca.org
and
https://en.wikipedia.org/wiki/World_Trade_Centers_Association

This just does not come across to me as a North Prairie project but who knows.
     
     
  #9819  
Old Posted Mar 4, 2017, 11:47 PM
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Saskatoon CMA population projections

According to this Saskatoon Star Phoenix article, "If [Saskatoon] grows at two per cent and the surrounding region grows at three per cent, the combined Saskatoon region, known as the Saskatoon census metropolitan area, would balloon to 366,155 by 2025 and 448,985 by 2035."

Looking forward to the day when the Saskatoon CMA reaches the magical 500K mark!
     
     
  #9820  
Old Posted Mar 5, 2017, 2:33 AM
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Booster Juice in the new section or Preston Crossing just opened this weekend.

I know the anchor tenants in that new are (Bed bath and beyond, Marshall's, Party City, Good Life) but what else is going in there for minor stores?
     
     
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