Winnipeg Construction X - Page 293

borkborkbork · #**5841** Posted **Sep 29, 2021, 3:57 AM**

It's amazing what a huge difference it will make to have those parking lots filled in even with the proposed midrise stuff.

Biff · #**5842** Posted **Oct 4, 2021, 6:01 PM**

P3 - Private Pension Partners has leased out all 145 suites at The Spot at East Village in 7 mths.

from LinkedIn https://www.linkedin.com/feed/update...1469853659136/

Build more buildings!

borkborkbork · #**5843** Posted **Oct 4, 2021, 6:12 PM**

Quote:

Originally Posted by Biff

P3 - Private Pension Partners has leased out all 145 suites at The Spot at East Village in 7 mths.

from LinkedIn https://www.linkedin.com/feed/update...1469853659136/

Build more buildings!

The parkade is shitty, but that one is a nice addition to the skyline. Feels like it fits with many of the 70s modernist concrete buildings, but with a bit of an updated feel. Looks like it's been there for ages, in other words

WinCitySparky · #**5844** Posted **Oct 4, 2021, 6:51 PM**

Quote:

Originally Posted by borkborkbork

The parkade is shitty, but that one is a nice addition to the skyline. Feels like it fits with many of the 70s modernist concrete buildings, but with a bit of an updated feel. Looks like it's been there for ages, in other words

This bodes well for the prospects of their planned tower at Portage and Sherbrook.

drew · #**5845** Posted **Oct 4, 2021, 7:14 PM**

Bodes well with their project in the Village too. Also their project(s) in Bridgwater.

That being said, they aren't exactly setting any speed records on those ones.

sleepyeyed · #**5846** Posted **Oct 4, 2021, 7:17 PM**

maybe this is the wrong spot, but I was in Edmonton and Regina in the past few weeks and noticed that they plant new trees on almost every street renewal.. and then back in Winnipeg, every new road project is pure concrete. what's going on here?

WinCitySparky · #**5847** Posted **Oct 4, 2021, 7:28 PM**

Quote:

Originally Posted by drew

Bodes well with their project in the Village too. Also their project(s) in Bridgwater.

That being said, they aren't exactly setting any speed records on those ones.

Seems like speed is a problem on major projects in this city in general? Maybe I’m just jaded from 300.

1ajs · #**5848** Posted **Oct 4, 2021, 7:28 PM**

Quote:

Originally Posted by sleepyeyed

maybe this is the wrong spot, but I was in Edmonton and Regina in the past few weeks and noticed that they plant new trees on almost every street renewal.. and then back in Winnipeg, every new road project is pure concrete. what's going on here?

no one demands it so it gets ignored

bomberjet · #**5849** Posted **Oct 4, 2021, 8:14 PM**

Public Works does concrete. They're getting a lot of complaints for their recent road renewal projects that are concrete wastelands for cars only.

drew · #**5850** Posted **Oct 4, 2021, 8:30 PM**

Quote:

Originally Posted by WinCitySparky

Seems like speed is a problem on major projects in this city in general? Maybe I’m just jaded from 300.

I have been involved in some P3 projects (not recently).

I am hopeful for their project on Portage Ave, but no one should be surprised if it goes no where.

The developer has a lot to say WRT speed. Both in releasing the $$, hiring good consultants and hiring the builder.

borkborkbork · #**5851** Posted **Oct 5, 2021, 12:11 AM**

Quote:

Originally Posted by drew

I have been involved in some P3 projects (not recently).

I am hopeful for their project on Portage Ave, but no one should be surprised if it goes no where.

The developer has a lot to say WRT speed. Both in releasing the $$, hiring good consultants and hiring the builder.

The Osborne one seems to be proceeding at a glacial pace. Their project on Pembina is going quickly but looks very ugly. Not sure which is better

Biff · #**5852** Posted **Oct 5, 2021, 1:13 PM**

Not relating to Private Pension Partners, but I have heard of two more high rise multi-family buildings to be announced in hopefully in Nov/Dec.

Sign of things to come...lets keep our fingers crossed.

esquire · #**5853** Posted **Oct 5, 2021, 1:35 PM**

^ Wow, I'm a little surprised to hear that, I was wondering if we might be entering a slowdown phase. Can you tell us roughly what part of town? i.e. are they in or around downtown?

WinCitySparky · #**5854** Posted **Oct 5, 2021, 1:42 PM**

Quote:

Originally Posted by Biff

Not relating to Private Pension Partners, but I have heard of two more high rise multi-family buildings to be announced in hopefully in Nov/Dec.

Sign of things to come...lets keep our fingers crossed.

This is the gold I come here to mine

GreyGarden · #**5855** Posted **Oct 5, 2021, 1:43 PM**

That's good to hear. It feels like very little if anything substantial got proposed over Covid. I've been wondering if we were going to see some projects move forward as things get back to normal.

trueviking · #**5856** Posted **Oct 5, 2021, 2:11 PM**

There’s lots of developers hoping to do projects. The cost of construction because of supply chain issues is going to be a significant barrier to it. Not sure when things come back to earth but it’s going to affect the economic recovery in a big way.

WinCitySparky · #**5857** Posted **Oct 5, 2021, 3:27 PM**

Quote:

Originally Posted by trueviking

There’s lots of developers hoping to do projects. The cost of construction because of supply chain issues is going to be a significant barrier to it. Not sure when things come back to earth but it’s going to affect the economic recovery in a big way.

Just the price of wire alone; 1 year ago, 75m of Loomex aka house wire was $63, currently over $140 for same roll. That is the cheapest type of cable assembly out there that is commonly used in everything midrise and under.

WildCake · #**5858** Posted **Oct 5, 2021, 4:57 PM**

Quote:

Originally Posted by esquire

^ Wow, I'm a little surprised to hear that, I was wondering if we might be entering a slowdown phase. Can you tell us roughly what part of town? i.e. are they in or around downtown?

Low interest, higher land values, recent high demand on real estate. The market is slowing down from what I hear but these projects take a while to form behind the scenes before even our keenest informant (Biff!) gets to hear about them, so they'll likely get pushed through even if they start when the demand softens.

Unfortunately an increase in skyscraper construction might signal an economic downturn.

https://aheadoftheherd.com/could-the...he-next-crash/

Most articles on the topic only talk only about extravagant worlds-tallest caliber skyscrapers but I can imagine it could also be extrapolated to new tall(est) buildings within a specific city.

esquire · #**5859** Posted **Oct 5, 2021, 5:10 PM**

^ Interesting theory... we certainly saw a flurry of skyscraper construction in Winnipeg during the late 80s, right up until about 1991 at which point it fell off a cliff and flatlined for a good 15+ years. I'm not sure how it played out here historically, though.

Biff · #**5860** Posted **Oct 5, 2021, 6:07 PM**

I think when you look at the numbers over the last 5-10 years (excluding the last couple Covid years), Winnipeg's population has been growing by a reasonable clip - 10k to 12k per year. I think this has to do with our population of 850kish starting to reach that magical tipping point (critical mass) where exponential growth takes effect. Hopefully we can get the immigration piece back on track and regain our reasonable growth rate post Covid.

When you look at the cities of Calgary, Edmonton and Ottawa - once they exceeded 1m+ people, high-rise apartments really started to pop up in their respective downtown's.