Wooster
Jan 29, 2009, 5:05 PM
They took about 2 1/2 weeks off over the christmas break. Since then they've been pouring concrete on the periphery of the tower floorplate, filling in the apron deck and other little things.
Apparently, they changed over steel suppliers/fabricators to save cost and are awaiting delivery, which has been rumoured to happen between now and "early spring".
You Need A Thneed
Jan 29, 2009, 6:48 PM
Hey folks, has anything even happened at this worksite in the past month? I know they've changed steel suppliers, but has any concrete been poured, or anything else?
Jan 12, 09:
http://i4.photobucket.com/albums/y116/g_major7/20090112_09-06-46.jpg
Jan 29, 09:
http://i4.photobucket.com/albums/y116/g_major7/20090129_11-40-35.jpg
There's quite a bit different that is visible. They have also been pumping a lot of concrete down below grade, where we can't see what progress is being made from the webcams. Probobly at least half of the work day between these two pictures they have been doing pumping below grade.
You can see that they have poured the floor slab for the arcaded areas on both sides of the tower, they have a section of the main floor slab ready for a pour on each side.
They also have laid a bunch of rigid inulation, and today they are placing rebar on top of that, getting ready for another concrete pour. It looks like once that concrete pour is complete, they will be able to drive supply trucks onto the deck itself, instead of only the streets beside.
techi870
Jan 30, 2009, 6:49 PM
Hey folks, has anything even happened at this worksite in the past month? I know they've changed steel suppliers, but has any concrete been poured, or anything else?
I haven't noticed and concrete pouring but they have moved in stack of something wrapped in blue plastic (possiblely insulation of some kind?).
mersar
Jan 31, 2009, 1:10 AM
Yep, the stuff in the blue plastic is rigid foam insulation. They are using it for filling in some of the (non-structural?) areas that will be covered in concrete.
As for steel work, they erected a few columns that have been laying on the apron for a while, 2 on each end of the tower.
mersar
Feb 1, 2009, 5:35 AM
Bow - Jan 31 2009:
http://compscience.info/public/images/2009/bow-jan31-1.jpg
http://compscience.info/public/images/2009/bow-jan31-2.jpg
http://compscience.info/public/images/2009/bow-jan31-3.jpg
Jimby
Feb 2, 2009, 7:52 AM
http://farm4.static.flickr.com/3409/3246940602_57dd4fb701_b.jpg
Jimby
Feb 2, 2009, 6:35 PM
The Bow from the Calgary Tower
http://farm4.static.flickr.com/3098/3247537721_6907068ca4_b.jpg
ethereal_reality
Feb 2, 2009, 10:01 PM
^^^Now that's a very beautiful photograph Jimby.
Jimby
Feb 3, 2009, 12:14 AM
^^^Now that's a very beautiful photograph Jimby.
Thanks! I couldn't do much about the glare from the pendant lamps in the restaurant, and the room is rotating so there is a bit of blur.
It will be exciting to see The Bow rise to 58 floors and fill the view from the Tower.
StatenIslander237
Feb 3, 2009, 5:50 AM
Yea Jimby great shot, its cool to see such a literal footprint of the tower in place. You really begin to get an idea of what it will look like within the skyline.
What an exciting time for Calgary!
O-tacular
Feb 10, 2009, 5:39 AM
The first shipment of steel of the new year has arrived and not a solitary other post?! This is wrong... Rejoice! The Bow is about to climb!:worship: :worship: :worship:
P.S. Where the hell is Boris? I'm worried.
1ajs
Feb 10, 2009, 5:52 AM
The first shipment of steel of the new year has arrived and not a solitary other post?! This is wrong... Rejoice! The Bow is about to climb!:worship: :worship: :worship:
P.S. Where the hell is Boris? I'm worried.
no pics for today what the frack gives (:haha:)
borris is busy with school apparently or so has been mentioned in calgary construction several times in the last month
evolv
Feb 10, 2009, 11:31 PM
if anyone can grab a picture (even if its from a cell phone camera) that would be great for those who are not currently in Calgary. Would love to see the street level detail
Indescribable
Feb 11, 2009, 2:52 AM
It certainly is a wide building.
iron_worker_s
Feb 12, 2009, 1:27 AM
I was talking to the dispatcher at IW's local 725 last friday and they're planing on sending 30 ironworkers to the bow around march 1st. So my guess thats when major erection will get underway;) Hopefully I get on it, if I do I'll try to sneak a few pictures from up on the steel.
He told me right now Supreme is waiting on grouting being done on some of the beams underground which is needed to support the construction load once erection starts.
mersar
Feb 12, 2009, 3:23 AM
Bow
http://compscience.info/public/images/2009/bow-feb11-1.jpg
http://compscience.info/public/images/2009/bow-feb11-2.jpg
http://compscience.info/public/images/2009/bow-feb11-3.jpg
http://compscience.info/public/images/2009/bow-feb11-4.jpg
http://compscience.info/public/images/2009/bow-feb11-5.jpg
kap384
Feb 12, 2009, 5:53 AM
I was talking to the dispatcher at IW's local 725 last friday and they're planing on sending 30 ironworkers to the bow around march 1st. So my guess thats when major erection will get underway;) Hopefully I get on it, if I do I'll try to sneak a few pictures from up on the steel.
He told me right now Supreme is waiting on grouting being done on some of the beams underground which is needed to support the construction load once erection starts.
Thanks for the info:tup:
Calalb
Feb 12, 2009, 9:09 AM
^^ Looks like lots of progress today! Good to see.
O-tacular
Feb 13, 2009, 5:42 PM
Could someone please post a screen shot of one of the webcams?
kap384
Feb 18, 2009, 2:30 AM
I believe I saw 5 new vertical beams on the next level today.:cheers: Pics anyone?
mersar
Feb 18, 2009, 5:13 AM
Bow - Steel for third (and fourth and fifth) level is now going up :)
http://www.compscience.info/public/images/2009/bow-feb17-1.jpg
http://www.compscience.info/public/images/2009/bow-feb17-2.jpg
I believe there are 6 columns on top now, was on the bus when I shot those so view was limited.
Surrealplaces
Feb 18, 2009, 5:54 AM
Great capture Jimby!
http://farm4.static.flickr.com/3409/3246940602_57dd4fb701_b.jpg
Surrealplaces
Feb 18, 2009, 5:55 AM
Thanks for the updates. It looks like we should see quite a bit of activity in the next couple of weeks.
Bow - Steel for third (and fourth and fifth) level is now going up :)
http://www.compscience.info/public/images/2009/bow-feb17-1.jpg
http://www.compscience.info/public/images/2009/bow-feb17-2.jpg
I believe there are 6 columns on top now, was on the bus when I shot those so view was limited.
MrBigStuff
Feb 19, 2009, 3:13 AM
I wouldn't mind seeing a building go up, that's so tall you would need an altimeter to measure it's height, like in Dubai. The Bow is going to be some kind of alright!!! Love it!!!:yes:
mersar
Feb 20, 2009, 8:58 AM
Bow - Feb 19
http://compscience.info/public/images/2009/bow-feb19-1.jpg
http://compscience.info/public/images/2009/bow-feb19-2.jpg
http://compscience.info/public/images/2009/bow-feb19-3.jpg
The steel work is now up to the beams for the floor plate of the 5th floor being started on, it looks like the middle of the building around the elevator banks will rise faster then the wings, considering the east wing of the building is really still at grade as the few columns that are in place are pretty much freestanding.
MalcolmTucker
Feb 22, 2009, 5:23 PM
Bow - Feb 19
The steel work is now up to the beams for the floor plate of the 5th floor being started on, it looks like the middle of the building around the elevator banks will rise faster then the wings, considering the east wing of the building is really still at grade as the few columns that are in place are pretty much freestanding.
I am guessing once the core is up to 6 floors, the first diagrid pieces will go up. Since once the original six floor segment is up tied in and braced, the diagrid is self supporting to my knowledge, the diagrid will lead the rest of construction.
lineman
Feb 22, 2009, 5:43 PM
http://farm4.static.flickr.com/3078/3299888201_990ef14272_o.jpg
http://farm4.static.flickr.com/3464/3300718530_a12ce8f5e0_o.jpg
http://farm4.static.flickr.com/3459/3299887711_c4f5466fd4_o.jpg
Gacked
Feb 22, 2009, 6:27 PM
The Bow - 02/22/09 - By Me
Apologies for the shakey hands.
http://i196.photobucket.com/albums/aa37/gacked25/The%20Bow/P1020470.jpg
http://i196.photobucket.com/albums/aa37/gacked25/The%20Bow/P1020471.jpg
http://i196.photobucket.com/albums/aa37/gacked25/The%20Bow/P1020472.jpg
http://i196.photobucket.com/albums/aa37/gacked25/The%20Bow/SCS_0028-1.jpg
http://i196.photobucket.com/albums/aa37/gacked25/The%20Bow/SCS_0030-1.jpg
http://i196.photobucket.com/albums/aa37/gacked25/The%20Bow/SCS_0032-1.jpg
http://i196.photobucket.com/albums/aa37/gacked25/The%20Bow/SCS_0033-1.jpg
http://i196.photobucket.com/albums/aa37/gacked25/The%20Bow/SCS_0034.jpg
http://i196.photobucket.com/albums/aa37/gacked25/The%20Bow/SCS_0035-1.jpg
T-Mac
Feb 22, 2009, 8:34 PM
Thanks for the photo update. I have enjoyed watching this building begin to rise. The photos are very welcomed to those of us who aren't there. Thanks again.
1ajs
Feb 22, 2009, 8:45 PM
aww thats why its so wite in the one part they put Styrofoam down makes sens now
mersar
Feb 22, 2009, 11:46 PM
aww thats why its so wite in the one part they put Styrofoam down makes sens now
Yep. Then there will be a layer of concrete on top of that, probably early this week I would guess. Once that part of the apron is ready we should really see things pickup, though the recent progress has been quite a sight.
Thanks for the shots Gacked, the looking down perspective is always nice to see
ScottFromCalgary
Feb 23, 2009, 5:13 AM
Love the overhead perspective in the first shot thanks
defaultuser
Feb 23, 2009, 6:49 AM
02/21/09
http://members.shaw.ca/defaultuser/images/thebow/IMG_8323.jpg
http://members.shaw.ca/defaultuser/images/thebow/IMG_8335.jpg
http://members.shaw.ca/defaultuser/images/thebow/IMG_8405.jpg
Wyku
Feb 23, 2009, 2:57 PM
[QUOTE=defaultuser;4104411]02/21/09
http://members.shaw.ca/defaultuser/images/thebow/IMG_8323.jpg
QUOTE]
You really get an appreciation for how tall it is already with the worker standing at the bottom--and it's only on the 4th floor!
You Need A Thneed
Feb 24, 2009, 3:13 AM
[QUOTE=defaultuser;4104411]02/21/09
http://members.shaw.ca/defaultuser/images/thebow/IMG_8323.jpg
QUOTE]
You really get an appreciation for how tall it is already with the worker standing at the bottom--and it's only on the 4th floor!
The building will be 774 feet tall, the current columns reach up to where the first horizontals in the diagrid will be, which are at every 6 floors. So, the current columns are 1/10 as tall as the building will be in its finished state.
774 / 10 = 77.4 feet
+ the columns go a little bit past the floor, so the structure is about 80 feet tall at this point.
General floor to floor height between office floors = 774' / 60 floors = 12.9'
mersar
Feb 24, 2009, 6:39 PM
Looks like they've installed some of the beams for the floor of the 6th level of the Bow now :) From webcam #3 (http://camera3.matthewsdev.com/):
http://img222.imageshack.us/img222/7657/bowcam3feb261.jpg
Davis137
Feb 26, 2009, 3:23 AM
Will this be the tallest building in Calgary when finished? (Sorry if this has been asked before...haven't looked at this thread much before).
defaultuser
Feb 26, 2009, 3:52 AM
Will this be the tallest building in Calgary when finished? (Sorry if this has been asked before...haven't looked at this thread much before).
It'll be the tallest building in Canada, outside of Toronto, when finished.
Canada:
http://skyscraperpage.com/diagrams/?searchID=41935949
Calgary:
http://skyscraperpage.com/diagrams/?searchID=41935927
mersar
Feb 28, 2009, 9:00 AM
Bow - Feb 27/2009
http://compscience.info/public/images/2009/bow-feb27-1.jpg
http://compscience.info/public/images/2009/bow-feb27-2.jpg
http://compscience.info/public/images/2009/bow-feb27-3.jpg
http://compscience.info/public/images/2009/bow-feb27-4.jpg
1ajs
Feb 28, 2009, 5:47 PM
whys there very little progress on the 2nd half the pit?
You Need A Thneed
Feb 28, 2009, 6:11 PM
whys there very little progress on the 2nd half the pit?
They don't want/need the south block to be completed way ahead of the tower. I imagine they'll do them so they are both finished at about the same time.
The tower has 50 stories to go to top out, the south block is 13 (6 underground plus 7 above).
1ajs
Feb 28, 2009, 6:39 PM
ok
its just u would think they would atleast get the foundation fishing befor the ground decides to shift on them
MrBigStuff
Mar 3, 2009, 3:45 AM
In Pittsburg, they manufacture Iron & Steal. LOL. Where does the steel for the Bow come from?
isaidso
Mar 3, 2009, 7:41 AM
In Pittsburg, they manufacture Iron & Steal. LOL. Where does the steel for the Bow come from?
Probably Regina. Regina based Ipsco is one of the continent's most profitable steel makers, but I think the bulk of their operations are geared to the oil industry. They make a lot of steel pipe, but I imagine Ipsco would be the closest major steel company. Beyond that, there's Algoma Steel in 'the Soo'. Further still and you're in the 'Steel City', Hamilton, Ontario. The bulk of the steel industry is in Hamilton.
mersar
Mar 3, 2009, 8:54 AM
I'm not sure about the new supplier, the original contract was sourcing it from all over. Some from Ontario, some from Quebec, some from Regina. That contract was canceled though and they brought in a new supplier at a supposedly signficant savings.
Bigtime
Mar 3, 2009, 3:13 PM
Some interesting reading about the design and construction of The Bow that was posted over in the 'Calgary Construction Thread':
Hadn't seen this posted yet, but I came across this article (www.aisc.org/WorkArea/downloadasset.aspx?id=18324) explaining the construction and progress of the Bow.
Also, some alternative floorplate designs and cladding:
http://img510.imageshack.us/img510/3025/alternativebowdesigns.jpg (http://img510.imageshack.us/my.php?image=alternativebowdesigns.jpg)
http://img17.imageshack.us/img17/502/alternativebowcladding.jpg (http://img17.imageshack.us/my.php?image=alternativebowcladding.jpg)
koval95
Mar 4, 2009, 2:28 PM
i like the 3rd design!
koval95
Mar 4, 2009, 2:32 PM
I'm not sure about the new supplier, the original contract was sourcing it from all over. Some from Ontario, some from Quebec, some from Regina. That contract was canceled though and they brought in a new supplier at a supposedly signficant savings.
when they signed the contract with the steel suppliers back in 2006, so I suppose all of the steel must have been made already in 2008 for the bow construction? or not.....?
You Need A Thneed
Mar 4, 2009, 11:22 PM
when they signed the contract with the steel suppliers back in 2006, so I suppose all of the steel must have been made already in 2008 for the bow construction? or not.....?
They wouldn't make peices too much before they are required. Companies don't have storage room to have an entire completed building's worth of steel just sitting there, waiting. Plus, it would rust.
Jimby
Mar 8, 2009, 6:49 AM
http://farm4.static.flickr.com/3336/3336531187_00232a53b6_b.jpg
leftopolis
Mar 9, 2009, 11:49 PM
Jimby (and others posting progress photos):
Just wanted to thank-you for the updates. As an admirer of Foster and boomtown Calgary in general--from afar--I check back here every few days to see how it's coming along. I've been watching the progress since before it was a giant hole. It looks like it's about to enter a phase of rapid floors, based on where it is now, and the upcoming waning of the worst of winter!
Boris2k7
Mar 22, 2009, 12:44 AM
First update from me in a while...
2009.03.20 -- Pano (with some stitching errors):
http://img18.imageshack.us/img18/9201/panbo.jpg
See the rest of the images on my imageshack profile.
craner
Mar 22, 2009, 4:42 AM
Thanks fo getting this back to the first page Boris - good to hear from you again.:tup:
mersar
Mar 22, 2009, 6:31 AM
From the Calgary thread:
The Bow
http://i187.photobucket.com/albums/x315/llama660/IMG_0206.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0207.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0208.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0209.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0210.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0211.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0212.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0213.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0214.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0215.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0216.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0217.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0218.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0224.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0225.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0223.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0222.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0221.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0220.jpg
http://i187.photobucket.com/albums/x315/llama660/IMG_0219.jpg
http://i187.photobucket.com/albums/x315/llama660/Pano1.jpg
http://i187.photobucket.com/albums/x315/llama660/pano2.jpg
Boris2k7
Mar 22, 2009, 7:38 AM
I just threw together this quick comparison so people have an easy look at the progress thus far...
http://img14.imageshack.us/img14/5773/thebow20090320.jpg
Rendering courtesy of Foster + Partners and Foto courtesy of myself.
HomeInMyShoes
Mar 22, 2009, 12:30 PM
This is going to be one super-cool building.
DaltonSR
Mar 22, 2009, 4:59 PM
Lookin good
Ricopedra
Mar 23, 2009, 7:51 PM
Nice updates mersar, et. al. Are they still on schedule for completion? And does the ground-based steel in the center represent the atrium, or will it be less than that? Anyway, it looks great so far!!
CtrlAltDel
Mar 23, 2009, 9:23 PM
Some nice shots of the interior:
http://www.e-architect.co.uk/canada/jpgs/the_bow_foster051108_1.jpg
http://www.e-architect.co.uk/canada/jpgs/the_bow_foster051108_2.jpg
Looks like the pods have been removed from this image:
http://www.e-architect.co.uk/canada/jpgs/the_bow_foster051108_6.jpg
Courtesy of www.e-architect.co.uk
leftopolis
Mar 23, 2009, 9:57 PM
It's nice to be able to make out the final footrint and curvature, based on the recent shots.
Additionally, from the inside-view renders posted(which are amazing)--it evident that the structure is complex(hence the somewhat slow progress), and the concentration(to date) of the inner office portion makes sense. While there's an overall simplicity visually to The Bow(and other Foster designs), building them looks like it's nearly as unique, complicated and time-consuming as a Ghery structure!
BTW, given Calgary winters(and the slippery ice, snow and occasional slippery melting of it)--I'm amazed it has progressed as far as it has. No doubt with spring around the corner, and the fact that the bottom couple floors of footprint are more or less done...it's about to rise much quicker.
Calgarian
Mar 24, 2009, 3:27 AM
Looks like the atrium is still full height, too bad about the pods, they would have been cool.
tdurden5573
Mar 24, 2009, 4:36 AM
Wicked Update Pics - Thanks from those away from C-Town.
ps- How about that 6-4 win against Detriot - Thank God nhl.com streams games...
Colin
Mar 24, 2009, 7:13 AM
Those have to be the most depressing pictures of the Bow I have ever seen. What could have been...
Bigtime
Mar 24, 2009, 1:09 PM
ps- How about that 6-4 win against Detriot - Thank God nhl.com streams games...
5-3 actually, unless NHL.com adds a goal for each side just cuz!
Wooster
Mar 24, 2009, 3:11 PM
Atrium is really only 4 sections of 6 storeys. Although, the office floors still leave a gap of about 10 feet the whole stretch up, so it will still have quite a neat effect when seeing it from the outside. Still a bummer to have seen the full height atriums and little tree pods gone.
You Need A Thneed
Mar 24, 2009, 3:56 PM
Atrium is really only 4 sections of 6 storeys.
Yup, the four sections, for those who are curious, are the main floor, the 24th floor skygarden, the 42nd floor skygarden, and the 54th Floor skygarden/offices.
Although, the office floors still leave a gap of about 10 feet the whole stretch up, so it will still have quite a neat effect when seeing it from the outside. Still a bummer to have seen the full height atriums and little tree pods gone.
I'm definately with you in thinking that this building will still have quite a neat effect. If we can see through the glass like is shown in the renderings, the cantilevers will still look very good. I still think it's going to look great at night - the atriums lit up, plus the stairwell on the north side all lit up with no spandrel, and the tops of the fingertips have a light feature as well , that should look good IMO.
You Need A Thneed
Mar 24, 2009, 4:21 PM
Nice updates mersar, et. al. Are they still on schedule for completion? And does the ground-based steel in the center represent the atrium, or will it be less than that? Anyway, it looks great so far!!
As far as I can tell, the ground based steel looks to be temporary bases to hold the heavy duty scaffolding that is needed to hold up the cantilevered floors above, until the yconnect back up to the diagrid at the 24th floor. The steel is required to transfer the weight onto the beams under the slab.
The front edge of where that steel lies is where the atrium extends to. All of the temporary steel on the ground will be inside the building.
Innersoul1
Mar 24, 2009, 8:35 PM
SWEET Atrium renderings!!
Boris2k7
Mar 26, 2009, 10:06 PM
Vertical steel columns are up on the west side of the tower. They extend three storeys, up to the current height of the central "block."
You Need A Thneed
Mar 27, 2009, 5:02 PM
Vertical steel columns are up on the west side of the tower. They extend three storeys, up to the current height of the central "block."
Based on how the tower has gone up so far, I think it's fairly safe to say that this tower will not go up one floor at a time, but rather three floors at a time, as it appears that the columns are all three stories tall.
mersar
Mar 28, 2009, 3:35 AM
Yep. Two more 3 story columns are up on top of the central part of the tower, so the tallest part is now to the 9th floor. The q-deck has also been rapidly being put into place on the 5th and 6th floors (from the webcam it doesn't look like they've done any on the 4th yet)
koval95
Mar 30, 2009, 10:45 PM
:shrug: :shrug: :shrug: :shrug: are they gonna use concrete to build the tower or its just steel?
Wooster
Mar 30, 2009, 10:47 PM
Just steel, which is allowing it to rise quite quickly now.
koval95
Mar 30, 2009, 10:53 PM
another question? how will they remove the cranes when its done?
mersar
Mar 31, 2009, 8:10 AM
Likely standard way thats used for most skyscrapers, which is to use one to disassemble the other (or in this case the other 2), then use a smaller portable crane thats assembled on the roof to lift the last of the 3 towers down. Likely for this project the yellow Potain will be the last one up of the 3 since the two Favco's are signficantly larger and heavier.
Bigtime
Apr 2, 2009, 1:32 PM
Developer secures financing for The Bow's main tower
By Mario Toneguzzi, Calgary Herald April 2, 2009 7:03 AM
The developer of the iconic 58-storey Bow tower has announced it has secured the financing to continue moving forward with the $1.5 billion project in the heart of downtown Calgary.
Wednesday night, H&R Real Estate Investment Trust said "commitments have been secured from various Canadian financial institutions resulting in the successful syndication, co-led by RBC Capital Markets and TD Securities, of a $425-million construction facility."
"Legal documentation is currently being negotiated. The closing of the financing, which is expected within the next few weeks, is subject to certain customary conditions, including completion of documentation, which are typical for a construction facility," said the REIT.
The announcement came after news that the south block of the Bow skyscraper project, which was to house office, retail and cultural space, had been “deferred” due to the challenging economic times and construction for the time being will be stopped at grade level on that site.
In a news release Wednesday night, H&R president and CEO Tom Hofstedter said securing financing for the main tower is an important milestone in the two million square foot development which will become the future headquarters for EnCana Corp.
"This major financing is a testament to the confidence that Canadian financial institutions have in H&R's ability to build a landmark office tower successfully," he said.
Earlier this week in an annual information form, the REIT said: “The REIT and EnCana have agreed to defer the development of the above-grade part of the south block. EnCana has agreed to reimburse the REIT for certain development costs incurred to date in respect to the south block. The REIT is currently bearing the risk for construction overruns and project delays as the REIT does not have a fixed price contract on this project.”
“The REIT is working toward securing construction financing for the Bow . . . The REIT’s ability to obtain financing for its development commitments is a material uncertainty which may cast significant doubt on the ability of the REIT to continue as a going concern.”
The south block part of the project is for a smaller office tower housing office, retail and arts and cultural space in about 200,000 square feet. It is to be a seven-storey complex to be built where the historic York Hotel formerly existed. The complex is to be built using brick taken from the demolished hotel.
The entire project is located on two blocks along Centre Street and 5th and 6th Avenues S.E.
In its annual information form, the REIT said the north block development and 1,361 parking spaces underneath the north block and south block developments are pre-leased to EnCana for about 25 years.
The REIT said construction of the north block development began in the spring of 2007 and is expected to be completed and delivered in phases with the first phases of the building being completed in the second half of 2011 and the estimated completion date for the entire office space being in 2012.
The REIT's total investment in the Bow as at December 31, 2008 was approximately $402 million.
The REIT expects to spend about $375 million on the project over the next 12 months.
mtoneguzzi@theherald.canwest.com
© Copyright (c) The Calgary Herald
Link (http://www.calgaryherald.com/Developer+secures+financing+main+tower/1455766/story.html)
Jimby
Apr 3, 2009, 6:23 AM
http://farm4.static.flickr.com/3308/3408178613_9364dcb85b_b.jpg
You Need A Thneed
Apr 7, 2009, 11:21 PM
In honour of today being exactly 6 months since the base for the first favco crane arriving on site, I'll post 6 months worth of change:
October
http://i4.photobucket.com/albums/y116/g_major7/20081007_11-23-39-1.jpg
November
http://i4.photobucket.com/albums/y116/g_major7/20081107_08-22-14.jpg
December
http://i4.photobucket.com/albums/y116/g_major7/20081205_08-27-36.jpg
January
http://i4.photobucket.com/albums/y116/g_major7/20090106_14-01-35.jpg
February
http://i4.photobucket.com/albums/y116/g_major7/20090205_08-41-38.jpg
March
http://i4.photobucket.com/albums/y116/g_major7/20090306_17-04-08.jpg
April (Today)
http://i4.photobucket.com/albums/y116/g_major7/20090407_12-00-20.jpg
giallo
Apr 8, 2009, 4:58 AM
Nice comp!
kpexpress
Apr 8, 2009, 8:22 AM
I'm stoked for this building!
Nice! They really seem to be picking up the pace now.
oopzi
Apr 12, 2009, 7:51 PM
At Which time they will start to install the exterior wall?
mersar
Apr 13, 2009, 1:00 AM
Speculation is, mostly judging by the old phasing diagram, is the first of the glass will likely start going up once the steel is up to around the 18th floor or so.
Bigtime
Apr 13, 2009, 7:04 PM
Spooof on Flickr has a whole collection of the shots he has been taking from a great view since the beginning: http://www.flickr.com/photos/spooof/sets/72157603970569711/
Awesome stuff! :tup:
Bigtime
Apr 14, 2009, 1:18 PM
April 13th from Spooof (http://www.flickr.com/photos/spooof/) on Flickr:
http://farm4.static.flickr.com/3348/3440763952_0e3be45b6d_b.jpg
mersar
Apr 18, 2009, 11:20 PM
From the Calgary construction thread:
A few shots from the hill north of the zoo.
The Bow rising
http://i36.photobucket.com/albums/e6/dllb/DT%20April%2018-09/IMG_1148a-1.jpg
A close up
http://i36.photobucket.com/albums/e6/dllb/DT%20April%2018-09/IMG_1148b-1.jpg
Serge
Apr 19, 2009, 12:08 AM
Ça va être bow :D
Jimby
Apr 20, 2009, 3:52 AM
http://farm4.static.flickr.com/3574/3458285512_e6d301a457_b.jpg
Ricopedra
Apr 20, 2009, 10:02 PM
Coming from Saskatoon, Calgary has always been the 'Big City'. This building is the biggest in C-town, up-coming, but I wonder how good it could have been, before the shadow-nazis, the compromises, and so on, whitled spectacular into just 'really good'!
Pegasus
Apr 20, 2009, 11:11 PM
Looks like the south Favco is going to be jacked up first - what looks like a red jacking system is being bolted to the tower this afternoon
OhGreatOne
Apr 21, 2009, 2:43 AM
Coming from Saskatoon, Calgary has always been the 'Big City'. This building is the biggest in C-town, up-coming, but I wonder how good it could have been, before the shadow-nazis, the compromises, and the bullshit. A shadow on what, and for how long!? Has anyone in Calgary ever been to a Business center like NYC? Anyways, everyone knows, all Nazis must die!!!!!!!!!!!!!
Forget to take your lithium, eh? or am I missing something? I really tried to understand your post, but I am as bewildered as ever.
mersar
Apr 21, 2009, 4:43 AM
Forget to take your lithium, eh? or am I missing something? I really tried to understand your post, but I am as bewildered as ever.
I believe his little rant is about the shadowing bylaw which prohibits buildings from casting a shadow on certain parts of the city such as the pathways along the river at a certain date and time of the year, and this particular bylaw did result in some changes to the design of the Bow
Looks like the south Favco is going to be jacked up first - what looks like a red jacking system is being bolted to the tower this afternoon
Awesome. I'll have my camera with me tomorrow afternoon so I may grab some shots while I'm downtown.
Ricopedra
Apr 21, 2009, 2:36 PM
Yea, sorry guys. "I shouldn't drink und post". ;>) I was referencing a lot of the history with this building, ie. the design changes, not just because of the shadow by-laws, but the loss of the sky-pods, etc., to increase floor space. I've also heard the term 'shadow nazis' used serveral times in relation to Calgary's developments, nimby's and so on. And I'm cheering for the NHL Canucks, so I'm a bit over the top as of late.
Anyways, it'll be nice to see this in person next year. But is it true the second building with the old hotel facade has been put on hold?
mersar
Apr 21, 2009, 6:44 PM
Anyways, it'll be nice to see this in person next year. But is it true the second building with the old hotel facade has been put on hold?
Yes, though the agreement with the city states that they must begin construction of it within 1 year of the north tower being completed (likely they are meaning the granting of the occupancy permit for that condition), this was a condition in the development permit so there would be some penalty for not meeting it. However its pretty likely that by the time that the main tower has reached completion it won't be an issue to go forward, part of the reason for actually coming forward and stating its on old is likely so that the investors don't have concern that the costs associated with that part will need to be covered right away. Its pretty likely that the schedule itself probably has not changed at all, even with the announcement.
Bigtime
Apr 21, 2009, 9:04 PM
April 20th:
http://farm4.static.flickr.com/3556/3461696200_4a136406f6_b.jpg
From Spooof (http://www.flickr.com/photos/spooof/) on Flickr.
sparky212
Apr 21, 2009, 9:55 PM
Looks like a crane is ready for a jump
Pegasus
Apr 21, 2009, 10:07 PM
Looks like the west Favco is going to be jacked up first - what looks like a red jacking system is being bolted to the tower this afternoon
The east Favco is getting the same system installed.
1ajs
Apr 21, 2009, 11:16 PM
i'm guesing the midle cran will get jacked up from the botem flood by floor
Grendel
Apr 23, 2009, 10:42 PM
The Bow clears another financial hurdle
By Mario Toneguzzi, Calgary HeraldApril 23, 2009 4:01 PMComments (1)
The iconic, 58-storey Bow skyscraper, being built in the heart of downtown Calgary, has cleared another financing hurdle.
H&R Real Estate Investment Trust announced Thursday it has now closed a $425-million, 42-month construction facility for the development project with a syndicate of lenders led by RBC Capital Markets and TD Securities and including The Bank of Nova Scotia, Bank of Montreal, Alberta Treasury Branches and Canadian Western Bank.
“Today’s news basically signifies full steam ahead,” said Michael Brown, associate vice-president of Matthews Development (Alberta) Inc., which is building the massive tower. “The largest obstacle that you can face in this economy our partners were able to overcome.”
The Bow, a two million square foot office building, will be the headquarters of EnCana, which is leasing the entire tower and all of the 1,361 underground parking spaces for an initial term of 25 years. The REIT said the project is expected to reach 32 storeys by the end of this year and its full height by June 2010.
Recently, the REIT announced the south block of the Bow project, which was to house office, retail and cultural space in about 200,000 square feet, has been”deferred”due to the challenging economic times and construction for the time being will be stopped at grade level.
It is to be a seven-storey complex to be built where the historic York Hotel formerly existed. The complex is to be built using bricks taken from the demolished hotel.
The entire project is located on two blocks along Centre Street and 5th and 6th Avenues S. E.
“Everything is on time, on budget. The steel is actually going up. It’s getting faster and faster as we get better at erecting the steel,” said Brown.
In a news release on Thursday, REIT president and CEO Tom Hofstedter said: “We are very pleased to have reached this important milestone in the development of what will be the largest and most prominent office tower in Canada west of Toronto.”
“The successful syndication of the financing is a testament to the confidence that Canadian financial institutions have in our ability to complete this landmark development on time and on budget. Our ultimate strategy is to secure a strategic joint venture partner, and to use a portion of the sale proceeds to repay our construction facility, thereby leaving us with excess cash proceeds and our remaining interest in the Bow free and clear of any debt,” he said.
The REIT said that as of March 31 it had incurred about $420 million of the $1.33-billion budget.
“We believe that we have now successfully resolved key issues regarding our sources of capital for the project and have secured fixed-cost contracts for all the major construction components. We are confident that our expected $900 million equity investment required for this remarkable project will produce stable and growing returns for our unitholders for many years to come,” said Hofstedter.
The REIT said it was satisfied that it has the capital required to successfully complete construction of The Bow.
“The agreement with EnCana provides for a phased occupancy with the first tranche available in 2011, and full occupancy to occur in 2012,” it said.
MTONEGUZZI@THEHERALD.CANWEST.COM
© Copyright (c) The Calgary Herald
MrBigStuff
Apr 25, 2009, 3:03 AM
Speculation is, mostly judging by the old phasing diagram, is the first of the glass will likely start going up once the steel is up to around the 18th floor or so.
I'll put my $2.00 on this summer they will sart the exterior finishing. That will look awesome!!!
:yes:
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