Quote:
Originally Posted by WhipperSnapper
The inventory is getting a boost with CIBC Square, 16 York and Bay Adelaide 3 all underway. I don't know how much room is left for additional towers. 388 King would not be high on my list for office proposals.
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388 King is a bit different of a market than those - I imagine its main tenants would be more so creative industries than the big financial players that will occupy CIBC Square et al.
388 King will compete more with the Well and Portand Adelaide Centre - both of which are also Allied projects. Allied's first foray into the financial market is the Union Centre.
The Well is also going to be starting soon.. A lot of office space going up in the near future. But the economy is strong and office vacancy is at record lows.. so I suspect it will get snapped up fast.