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Go Back   SkyscraperPage Forum > Regional Sections > Canada > Alberta & British Columbia > SSP: Local Calgary > Projects & Construction Updates

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  #161  
Old Posted Apr 11, 2012, 6:12 PM
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Quote:
Originally Posted by LeftCoaster View Post
Yes it does. Not only is what subrubanite said more or less true, but there are often distinct contracts and agreements in place between the developer, hotel operator and strata that make building the hotel and residences in phases difficult or impossible.



It is still too preliminary for a concrete number.



A lot of the cost would still be there as the structure and glazing (the city would never let you leave an unfinished Pyongyang-esque concrete structure in the skyline) account for a very large chunk of the cost.

There really is very little reason to build in this fashion, and due to the reasons I just mentioned in response to Surrealplaces question it is often not even an option.

Sometimes it is viable to vertically phase a project in two distinct phases (Blue Cross building in Chicago, Bentall 5 in Vancouver) but even that is a difficult prospect to make economic sense of.
Thanks, I wasn't sure if it was feasible. but was curious nonetheless.
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  #162  
Old Posted Apr 11, 2012, 8:28 PM
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LeftCoaster: Vertical Phase Developements like Blue Cross in Chicago, you'll probably never see in an area like CC and Eua Claire (general neighborhood). But I could see these phased in developements (vertical) in the Beltline though.
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  #163  
Old Posted Apr 15, 2012, 1:24 AM
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There are few places and likely none in Canada where building a major high end brand hotel makes economic sense.

The physical structure reflects two buildings stack on top of each other however, both the hotel and residential portions rely on each other to get the project off the ground. The hotel amenities are a major selling point for the condos while the sale of the condo portion or partnering with residential developers offset the cost of the hotel. The strata fees usually supplements the maintenance as well. I don't see anyone throwing down money in the hopes of a future market developing either. (although speculating on other peoples' tens of millions is rampant on these forums)
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  #164  
Old Posted Apr 15, 2012, 4:00 AM
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I'm confused about the condos. CF is not in the Calgary condo market and probably not interested, so would they build the structure and sell all the raw units to a condo marketer or would they sell them directly as a one time venture?
Would the future condo corp. have to pay rent on behalf of the unit holders to CF who would keep owning the ground beneath the condos?
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  #165  
Old Posted Apr 16, 2012, 11:46 PM
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The high end hotels have been the topic of discussion for quite a few years. We were supposed to get at least two of these before the recession hit. I can say at least one is still in discussion at this point.

Hotels appear to be the next big thing. Look for two new towers (not yet discussed here) in the beltline in the next little while. And look for another two towers in the downtown core (discussed here) to move ahead soon.
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  #166  
Old Posted Apr 17, 2012, 3:09 AM
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  #167  
Old Posted Apr 17, 2012, 4:50 AM
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  #168  
Old Posted Apr 17, 2012, 11:36 AM
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Quote:
Originally Posted by unibrain View Post
The high end hotels have been the topic of discussion for quite a few years. We were supposed to get at least two of these before the recession hit. I can say at least one is still in discussion at this point.

Hotels appear to be the next big thing. Look for two new towers (not yet discussed here) in the beltline in the next little while. And look for another two towers in the downtown core (discussed here) to move ahead soon.
Is one of the downtown towers the Hilton that is proposed for the east village? The second one the International Hotel phase 2?
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  #169  
Old Posted Apr 17, 2012, 6:56 PM
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Quote:
Originally Posted by unibrain View Post
The high end hotels have been the topic of discussion for quite a few years. We were supposed to get at least two of these before the recession hit. I can say at least one is still in discussion at this point.

Hotels appear to be the next big thing. Look for two new towers (not yet discussed here) in the beltline in the next little while. And look for another two towers in the downtown core (discussed here) to move ahead soon.
Towers, as in hotel towers, or any towers in general?
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  #170  
Old Posted Apr 19, 2012, 1:54 AM
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Originally Posted by Surrealplaces View Post
Towers, as in hotel towers, or any towers in general?
New hotel buildings are being proposed.

In the immediate moment these are not the five star ones everyone is hoping for.. But they will fill a need and I suppose there is still brand recognition.

We'll get five star hotels, but that's still a little ways yet. Although I,ve been told we are close.
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  #171  
Old Posted May 1, 2012, 4:02 PM
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Did we ever figure out what they are doing with the western part of the block during the first phase?
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  #172  
Old Posted May 1, 2012, 9:33 PM
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Did we ever figure out what they are doing with the western part of the block during the first phase?
Nothing AFAIK
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  #173  
Old Posted May 2, 2012, 9:10 PM
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Fencing up and looks like demp about to start.
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  #174  
Old Posted May 4, 2012, 10:20 PM
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Hey - anyone know what the official full address is for the City Centre project?
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  #175  
Old Posted May 8, 2012, 11:28 PM
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City Centre Demo update

Photos by Canterra

There is one underground parking level below.

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  #176  
Old Posted May 9, 2012, 12:48 AM
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Nice pictures Canterra, good to see you have awoken from your slumber after all these years! That last one though is upside down.

I swore those structural items remaining inside the old Maid were dancing poles..
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  #177  
Old Posted May 9, 2012, 1:29 AM
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Yeah, I think those are the stripper poles.
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  #178  
Old Posted May 9, 2012, 2:18 AM
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I'm sure they are columns and beams, Stripper poles are furniture and would probably have been one of the first things ripped out.
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  #179  
Old Posted May 9, 2012, 3:32 AM
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@Calgarian...face palm
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  #180  
Old Posted May 9, 2012, 3:38 AM
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I guess you guys were joking then... lol been at work too late the last few nights I guess.
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