Winnipeg Construction VIII - Page 348

buzzg · #1 Posted **Dec 16, 2015, 6:16 AM**

Quote:

Originally Posted by Urban recluse

That block of McDermot is amazing. I would love to see the buildings redeveloped, at least one repainted, new windows, awnings, etc. The three buildings are on the market for $4.5 million.

Which ones are these?

Also, on the substation, I know it's old news but it's just really frustrating as "Innovation Alley" (Adelaide) ha.....d some real potential to take off with some of the new building uses and The Stables, etc. This really sucks.

Sweet bike lane though... it used to become a sharrow for one block there for no reason. So we win right?

Urban recluse · #2 Posted **Dec 16, 2015, 3:05 PM**

http://shindico.com/index.php/search-properties?view=property&layout=&id=215

Bluenote · #3 Posted **Dec 16, 2015, 4:59 PM**

Quote:

Originally Posted by Urban recluse

http://shindico.com/index.php/search-properties?view=property&layout=&id=215

Those are amazing inside. Would love to have a loft in there.

drew · #4 Posted **Dec 16, 2015, 3:19 PM**

^ would make a great mixed use development. The scale is daunting though. You would need a really big player to purchase and develop these buildings.

Or the owner may have to split them into separate buildings to make them more palatable.

esquire · #5 Posted **Dec 16, 2015, 4:52 PM**

Quote:

Originally Posted by drew

^ would make a great mixed use development. The scale is daunting though. You would need a really big player to purchase and develop these buildings.

Or the owner may have to split them into separate buildings to make them more palatable.

Yeah, in some respects it's unfortunate that the buildings are being sold as a group. The pool of potential buyers would be a lot larger if they were sold individually... relatively few would have the capacity to take on all of them.

That block is big enough that it has the potential to really take the Exchange to the next level. If the buildings were renovated in a way that made good use of the space with residential and commercial space, it would really inject a lot of vitality into the immediate surroundings. At least it's still possible... a hydro substation would have killed any hope of that ever happening.

bomberjet · #6 Posted **Dec 16, 2015, 4:48 PM**

That's a sweet location. One of my fav's in the City.

Urban recluse · #7 Posted **Dec 16, 2015, 5:24 PM**

I know eh?

drew · #8 Posted **Dec 16, 2015, 5:40 PM**

100 Princess (the former Penthouse building) was a big undertaking - and this is like that development times 2, maybe 2.5

It would take quite a bit a creative acrobatics to carve those interiors into residential space. Lots of long spaces with maybe one or two windows to the outside world. Probably varying floor elevations between the three buildings.

Then there is elevators, sprinklers, new windows, HVAC, roofing, improvements to fire ratings and barrier free access, etc. etc.

We are talking 10's of millions of dollars.

I wonder if Qualico still has an appetite for this kind of thing. This would be somewhat similar to the challenges faced by the interconnected buildings on James. But again, scaled up in a big way.

Cyro · #9 Posted **Dec 16, 2015, 7:34 PM**

Quote:

Originally Posted by drew

It would take quite a bit a creative acrobatics to carve those interiors into residential space. Lots of long spaces with maybe one or two windows to the outside world. Probably varying floor elevations between the three buildings.
.

Although residential is the preference, they seem well suited to office or commercial use at potentially a more resonable price to convert/renovate ?

drew · #10 Posted **Dec 16, 2015, 8:11 PM**

Quote:

Originally Posted by Cyro

Although residential is the preference, they seem well suited to office or commercial use at potentially a more resonable price to convert/renovate ?

It's a lot of space to fill commercially. And you would still need to do $$ renovations.

It would be great, but we all know the commercial/office absorption rate in downtown Winnipeg is basically nil, especially buildings with zero parking.

Like I have mentioned before, if we cannot fill commercial/office spaces downtown, fill 'em up with residential. Eventually something will have to give, but until it does, encouraging (yes subsidizing) more residential will pay off.

Urban recluse · #11 Posted **Dec 16, 2015, 5:47 PM**

The asking price is too high, especially when you are seeking a buyer for all three.

Urban recluse · #12 Posted **Dec 16, 2015, 6:24 PM**

Anyone know what is happening with 564 Main? It was to become an artist market, but then the plans fell through...

buzzg · #13 Posted **Dec 17, 2015, 5:14 AM**

Quote:

Originally Posted by Urban recluse

Anyone know what is happening with 564 Main? It was to become an artist market, but then the plans fell through...

They lost all of their money and had to cancel the whole thing. I did see that some of the hoarding has come down in the last week though so maybe someone has taken it over.

Urban recluse · #14 Posted **Dec 16, 2015, 8:22 PM**

Since the Exchange District is a National Historic Site, do building owners have access to federal funds to use for their buildings, perhaps replace windows, cleaning the exteriors?

Cyro · #15 Posted **Dec 16, 2015, 8:44 PM**

Quote:

Originally Posted by Urban recluse

Since the Exchange District is a National Historic Site, do building owners have access to federal funds to use for their buildings, perhaps replace windows, cleaning the exteriors?

Facades, etc. covered with this program..
Post #1026
http://forum.skyscraperpage.com/showthread.php?t=206460

Urban recluse · #16 Posted **Dec 16, 2015, 10:16 PM**

The cost of cleaning the exteriors far more than that. I would be interested in knowing if the Feds offer funding based on it the Exchange being a national historic site.

buzzg · #17 Posted **Dec 17, 2015, 5:17 AM**

So I was thinking the other day how much better the new Academy signposts would look if they lit up... turns out they do. There was one (just one) lit up today with an LED ring around the Biz sign. Guess it's just another part of that project that's moving really, really slow. Can't believe they still don't have banners up.

Also on the topic of lighting, I noticed today that the new LED street lamps actually do have a film/cover over them still (it was hanging open), so it's not unreasonable to think that hydro may be able to put a softening film over some of the future ones if the light is deemed too harsh.

esquire · #18 Posted **Dec 18, 2015, 2:32 PM**

I noticed this morning that the for lease/for sale signs are off the Hull's Books building and the lights are on... anyone know what's going in there? Something sexcii, or will it be the TNS site office?

cllew · #19 Posted **Dec 18, 2015, 7:23 PM**

Quote:

Originally Posted by esquire

I noticed this morning that the for lease/for sale signs are off the Hull's Books building and the lights are on... anyone know what's going in there? Something sexcii, or will it be the TNS site office?

Would not be surprised if it ended up being the TN Square site office. Its in the right location and the rent was probably good with it being empty for so long. Saves them having to put office trailers on the street.

Urban recluse · #20 Posted **Dec 18, 2015, 5:15 PM**

Perhaps a "Buck or Two"? Actually, it would make a pretty cool pub, with some enhancements on the Carlton elevation. The red brick is a great start.

https://www.google.ca/maps/@49.8911168,-...2p1nq85_HQi5w!2e0!7i13312!8i6656!6m1!1e1

https://www.google.ca/maps/place/Fado+Ir...e2cb3b5d998fd:0x19ee60e9af746460!6m1!1e1