Manulife already has an anchor tenant for this one and plans to go ahead with tower which will be 27 floors, and 564,000 sq ft..
Architect - SOM
Developer - Manulife
Quote:
Manulife going ahead with two office tower developments in Western Canada
Manulife Financial Corp.’s massive real estate arm is expanding in Western Canada – and increasingly choosing to develop towers rather than buy them.
The insurance company, whose real estate portfolio amounted to more than $8.5-billion at the end of 2012, is set to announce next week that it will develop a 27-storey office tower in downtown Calgary, bringing its portfolio in the city to about 1.3 million square feet.
The lead tenant will be Brion Energy (previously called Dover Operating Corp.), a three-year-old Calgary-based joint venture between Athabasca Oil Corp. and PetroChina Company Ltd. that operates two leases in the oil sands near Fort McMurray.
“We want to make a greater allocation to Western Canada. We strongly believe in the fundamentals there and we think that the eastern markets are very crowded right now,” said Ted Wilcocks, global head of asset management at Manulife Real Estate.
Manulife announced this week that it has begun construction on 980 Howe St., a 16-storey Vancouver tower that many thought would not go ahead, given the city’s building boom. But Manulife managed to secure engineering and consulting firm BGC as a lead tenant.
The Calgary tower, which will be 564,00 square feet, will sit on land that Manulife already owns, and replace a 41-year-old 88,000-square foot office building (as well as a former restaurant and retail site and a parkade)...
Location: Kelowna via Calgary via Edmonton via Saskatoon
Posts: 316
I like this one a lot! I think it has great potential, albeit if they were to bury the 7th Ave C-train lines, I'd be even more optimistic about this particular location downtown. 7th Ave has always had this negative, ghosttown-ish feel to it compared the blocks all around it IMHO.
That looks completely awesome Calgary: City of the future
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Mohkínstsis — 1.6 million people at the Foothills of the Rocky Mountains, 400 high-rises, a 300-metre SE to NW climb, over 1000 kilometres of pathways, with 20% of the urban area as parkland.
It will be interesting to see if the swooping and specially-finished "interior" portion of that roof treatment won't get value engineered out. Looks great in the rendering but only 0.00001% of Calgary would ever get to see it in real life.
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Design overall is nice but the grade level interaction with the sidewalk & LRT platform is super weak. No main level retail connection to the street is also a miss for such a busy area.
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