Quote:
Originally Posted by brentgaulois
Four years later and nothing has come up about this project? It's too bad, I'd love for the parkade to be replaced with something nice, and for the piazza to be redone.
I feel like this site will have a nice little collection of unfulfilled construction projects in Ottawa.
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As much as I would like to see this building as well as Standard Life III, the reality is that we have millions of square feet of office space under construction or recently opened throughout the NCR (3 large scale federal buildings in Hull, 2 mid sized buildings in the old east end, 2 buildings, one federal and one private containing a combined total of nearly one million square feet downtown). Furthermore, the feds are trying to reduce their presence in the downtown, a decision I personally don't agree with.
Last decade, we saw ground-breaking for 8 new office buildings downtown, that represented around 2.14 million sqft, but I believe that between now and 2018, we will only see the completion of three, possibly four, downtown office towers (up to 1.4 million square feet);
The two already U/C,
-Lorne 2.0 (646,000 sqft);
-Performance Court (325,000 sqft);
One with the most advantages for the developer;
-Place de Ville Podium replacement (300,000 sqft), due to the fact that the Podium has a huge wasted space in the former theatre and the linkage/integration into the Lyon Subway Station (you want that connection completed and fully operational from day one and you certainly don't want to disturb that unique amenity with construction);
And possibly;
-Cathedral Hill office tower (134,000 sqft); a smaller office building might be easier to fill with private businesses or, possibly, potentially the new NCC headquarters (earlier this year, the NCC announced that it was "studying" office space of around 100,000 sqft. Considering that their lease at the Central Chambers will be up for renewal in a few years and that their space is around 100,000 sqft, it would suggest they want to move).