Quote:
Originally Posted by buzzg
Heard Artis is telling potential 300 Main retail tenants that they prob won’t get possession til 2022 now and should target spring 2023 for openings.
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That makes no sense...
Either way, other than the restaurant there are only so many retail spaces in 300, and that number seems to be off by a year or so.
As far as 330, well, I talked to the staff in their Portage location and they said they expect to be in next year around this time, meaning that the builder has to turn the spec over to them before year's end.
Quote:
Originally Posted by Biff
I would think that time frame might be inaccurate. At latest, I could see the 330 part ready for occupancy in 2020. I can imagine that Artis is going to want paying tenants in their as soon as possible.
I am not trying to argue with you, just applying common sense. It will be enclosed within a couple of months, then even if you give an arguably long time for base building fit up (1 year) that only takes you to 2020.
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Exactly this is what I'm thinking
Quote:
Originally Posted by Kris22
Another new tallest after this one would be great but I imagine it would have to be a condo tower, and is there really a market for a SkyCity-sized building? I think that one stalled somewhere in the 50 percent sold range after several years? 390 On the River isn't selling like hot cakes right now either, and there are plenty of 3-4 storey condos popping up all around downtown that are literally a 5 minute drive to the city centre so I imagine that also takes some of the clientele away.
A new tallest apartment tower after 300 Main seems like it would be many years away, once the market absorbs all those new units, plus TNS rentals, plus the many rental conversions happening (Medical Arts, the building on smith, the fairly steady exchange district conversions).
I don't know much about the office market but from what I understand from reading on this forum a new tallest office tower seems totally unrealistic.
In the end I expect a bunch of 15-25 storey buildings which tbh is totally fine with me. Depending on their location, they can add quite a bit to the skyline. For example, I notice 390 On the River popping up in many views of downtown.
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We'll have to wait and see if condos make a comeback, but for now I think Apartments are still the stronger market...
Quote:
Originally Posted by esquire
^ Man, if all that was destined to happen with the atrium area between the towers was a single storey big box, I wonder why it couldn't have happened decades ago. Even though it's not the multistorey hotel that was originally envisioned for that site, it's such an improvement already.
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That's the burn, eh? I was told that to everyone's knowledge, it was always strong enough to accommodate a hotel as per original vision. So nobody was gonna waste a box on a hotel location.
Only in the design stages was it verified that the foundations built were far less than what was promised by the original developer, and could only hand 1 story anyway.
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