Posted Nov 13, 2010, 2:41 PM
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I am the law!
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Join Date: Sep 2002
Location: Toronto+
Posts: 21,972
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Signature and 45 Bay couldn't be worse examples and Aura, One Bloor, etc. shuold be considered over and done with in regards to height changes. C'mon, have some creativity.
Manulife is not going to leave their campus on Bloor which still presents expansion opportunities when and if they ever need them.
There's a reason developers build twins over a singular tower. It cheaper to build, cheaper to finance construction, takes less time to build, and is easier to fill with tenants. Calgary has a lot of twins but, I'll be so bold as to say it pales in comparison to the GTA.
Unemployment and vacancies rates are factors but, hardly deciding factors. It comes down to the tenants of which the GTA has over three times (conservative estimate) the occupied space of Calgary.
Over the years, I've lost touch with my buddies in commercial real estate and building contracting. I've made new ones though among the biggest space whores on Bay Street. As I alluded to earlier, lots of movement happening. Lots of potential to build out a huge chunk of the dozen or so office proposals. These proposals also represent the last of the large, unbuilt sites in the downtown core.
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