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No way! keep the shadow restrictions. Building a good quality city is much more important than a giant penis of a building. Lets face it, Calgary is pretty damn cool most of the year, the saving grace is the fact that it's usually sunny. I was out yesterday and in the shade it was probably 10 degrees colder than in the sun, and when it's only 12 degrees outside, that can make the difference whether you go outside or not. Either way, looking forward to a boom that should bring about some more density and better quality development. |
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I'm a fan of Centennial III. Not very tall, but a nice solid building, and a good fit for that location. |
It reminds me of the new Royal Bank Global Headquarters down at the harbourfront, which is starting construction next month...
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Some potential new office space could come online next to the new RBC Global Headquarters building to be built down by the lake.
31 Floors seems to be the going size for new office towers in Toronto. - Nobody wants to build 50 or 60 floor office towers anymore. Wonder why????? Quote:
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^they may be cutting down on the height of office towers, but not residential towers from the looks of it - 2 more 70 storey res towers!. Toronto is overtaking Chicago in terms of skyline size and density if it hasn't already.
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Coldrsx: Yep, another "Fat Boy"! (Regarding Centenial III)
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Between 2009 and 2012, 1.85 million sq ft of office space was built in Quebec City, the same amount as in Montreal, even though the Quebec market is about 5 time smaller than Montreal's. Despite this surge in construction, Quebec's vacancy rate remains low, at 4,8%. Hence, it is estimated that during the next two years, 1.1 million sq ft of additional office space will be made available in Quebec City (investments worth about $370M).
source: Altus InSite http://www.lesaffaires.com/archives/...ontreal/536798 |
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According to CBRE as quoted by CBC, Calgary's vacancy rate is 7% currently and dropping fast. Crazy considering how much office space was build here in the last 10 years.
http://www.cbc.ca/news/canada/calgar.../calgary-.html |
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Centenial III
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Great news regarding the office vacancy rates accross the country though. |
Like Livingston Place, Centenial III is something you'd see in a large American cities' suburb. If the city is is so concerned about "shadowing", they should ban developement altogether in these areas. Too many short and wide buildings DT.
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On the Vancouver forum all the current office proposals in Vancouver proper have been calculated at an addition of over 4 million square feet of office space to be added (and for the most part these are all very solid proposals, some already u/c and / or at the site prep stage.
Not bad for Vancouver (and there are a few other proposals where the footage is not yet known) |
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The most important thing is the quality of design and contribution to the urban fabric - Centennial III is extremely solid in this regard. Besides it's not that "fat" a building - a floor plate of around 24,000 sq ft is not that large really - very average. |
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http://www.theglobeandmail.com/repor...rticle2220254/
Move over, Toronto – there’s a new hotspot in town shelley white Special to Globe and Mail Update Published Monday, Oct. 31, 2011 4:54PM EDT Last updated Monday, Oct. 31, 2011 7:43PM EDT Sky-high rents. Heavy demand for downtown office space. A magnet for company headquarters. It may sound like Toronto, but this commercial real estate hotspot is decidedly farther west. Despite erratic markets and a lingering world recession, Calgary's office and commercial real estate market rivals Toronto as the most robust in the country, driven predominantly by the continued growth plans of energy companies. “We've got a vibrant downtown core, a strong commodity-based economy, low tax rates in Alberta and [many] corporate head offices in Calgary, most of those tied to the energy sector. Calgary is a dynamic place to be right now,” says Joe Binfet, managing director of Colliers International in Calgary. Indeed, the Toronto Board of Trade's 2011 Scorecard on Prosperity, which compares 24 of the world's most prosperous urban centres, gave Calgary third place, just below Paris and San Francisco. Toronto came in eighth. |
Dynamic, eh? :D
These articles are only news to the Toronto media. What's weird is I'd swear they were printing the exact same stories in 2007. Guess they assumed the recession hit everyone equally and that Calgary emptied out or something. |
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