Quote:
Originally Posted by suburbanite
There can be a significant cost in implementing a "good" design. The leasing market in Edmonton likely doesn't justify the extra $100/sf + in construction costs to go from a Stantec to something like The Bow in Calgary. Some of Calgary's best were built at the height of the oil boom. When vacancy is below 2% and your building is likely fully leased before it's even above ground, you can charge the rents that justify some added flare in the design.
Stantec Tower had to get the City of Edmonton to basically subsidize the project by signing on as an anchor tenant.
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Ahem.
Stantec Tower does not have the COE in it, the COE Tower up the block does. This tower is for the world HQ of Stantec, a massive engineering/consulting firm that is innovative and yet conservative. This isn't about creating an architectural starchitect wonder, but rather a 251m new tallest outside of Toronto tower that is a new beacon for Edmonton, our Downtown and corporate community. Keep in mind that the top half is a residential component as well.