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Originally Posted by SkydivePilot
I hope it will end up on being 30 storeys for 26 floors is seeming rather dated now. Maybe, during construction, there will be an application for an increase in height.
Other buildings in Regina have 'grown' in height years/decades after completion. If there is a potential need/desire to increase the height, they might as well do it while things are already in motion.
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Considering the continuing difficulty the project has faced it would seem unlikely they would add on extra area, as nice as that would be.
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Originally Posted by one_brick_at_a_time
I wonder what the Gardens and Rose developer and the Centre Square Place developer have planned as their next building development. I wonder if they have property owned in the same area around Broad Street for more towers?
Also I am guessing once Agriculture Place is fully complete, Harvard will then focus on the Lakeshore redevelopment? Does anyone think Tower IV would be the next project downtown for Harvard afterwards?
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My guess that that the developers of the Gardens and Centre square are going to be very measured in their next moves. The condo market is very soft today and there are many units still available in both projects. Additionally the main floor commercial units have had difficulty filling as well.
Agriculture Place is, for all intents and purposes done. It would be really great if the Lakeshore development went forward. It would be a great location and a high quality development. Unfortunately, as above, the condo market is soft and additionally these would be luxury condos which have even less of a market. I hope I'm wrong, but I would guess that it will be a few years before they think about reviving that project.
Aside from their residential and retail subdivisions, the next likely project Harvard might have an option for is the SGI head office. Once the provincial election happens we'll know if they're going to try for that again. If Harvard loses that proposal to Brandt/Marquart (which would be a definite possibility) then there is a possibilty there will be a long time without a new tower.
People should realize that the office market is entering a period that looks a lot like the 1990s. If the commodity market doesn't make big jump there will be very little impetuous to construct new office towers. (For example there is the equivalent of two Tower III's of vacancy in Regina right now.)