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Originally Posted by lilwayne
any chance they tear the old bldg down and build a brand new 20 - 25 story mixed use apartment building.
I think it would probably be more cost effective to just build something brand new rather than do a conversion.
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The demo for such a building would be in the millions, followed by 35M or so to build something of similar size on a suuuuper tight budget.
Was the final cost ever confirmed? I know asking was around 16M but I'm not sure they got that. Basically, assuming a 15M purchase price you're approaching an 18M premium to build a 35M building on the cheap. This would have to be a reno all day.
The only way to make back all the money that went into acquiring a clean slate (so cost of land PLUS building PLUS demo) is to build higher, 40+ storeys... I'm not sure anyone has the guts to do that until the dust settles after our first big three projects near completion.
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Originally Posted by drew
I think the Wolf may have more insight in terms of actual costs.
IMO it's almost always better to renovate versus demolish and build new. But that just my own personal opinion.
In terms of the medical arts bldg, it will come down to what the layout and structure of the building allows to rearrange the interior from office to residential.
I can't imagine any realistic scenario where it will be cheaper to implode a modern reinforced concrete mid-rise, with parkade - and replace it with something new of a similar size and amenities.
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I can only imagine that it has a manageable layout for residential, albeit an outdated layout.
Furthermore, I have no idea what a high-rise implosion would demo for, but demolition for a 1 story building can go from $6-$10/sf if memory serves me right. I can only imagine and implosion would double that? It's a totally different thing, but still...
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Originally Posted by biguc
Apparently engineered wood bridges like this offer a lot of advantages, among them being drastically cheaper because wood is lighter than concrete, so the bridge doesn't need to be as strong to support its own weight. And they look gorgeous.
We live next to the biggest forest in the world, we're stupid to not use it.
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You may have identified the problem...
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Originally Posted by Urban recluse
I am telling you all right now: this is going to bring another 1,200 students to the area; if this does not result in any new developments, I...I...I give up.
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It should easily kickstart more activity, and brighten up the west side of the exchange. Exciting news!