Quote:
Originally Posted by Sheba
Part 2
I question if the mall wants to build another office tower anytime soon, esp at this location. It'll be a really hard location to redevelop without completely starting from scratch, and even then it won't be easy. Plus the podiums in Station Square and along Beresford all have office space in them. Is it even worth adding any more?
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It depends on what sort of office space it will be in those podiums.
It's a safe bet that any new office tower built from scratch will have triple A (AAA) office space to lease out, which is the only sort that especially big companies and businesses like the Rogers and the like, will seek to lease.
But there must be a market for it since pretty much all the new developments in the area are including some component of office space to lease out.
Don't forget that even the Concord Sear development includes an ENTIRE tower (Tower#7) that will be totally office space and usage (and most likely triple A class).
Even Sun Towers' (on Beresford) entire podium is going to be office space, so I guess the market indicates that businesses are interested in the location.
Quote:
Originally Posted by Sheba
I'd be interested in if they'll do anything with the parkade at that end (between the Target space and the Bonsor towers). That seems like a prime spot to redevelop.
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That's true.
The only question then would be what to do with all the parking (as in, where to place it or replace it).
Any new tower or development will need parking of its own.
And that parking already services the mall users and is typically full up especially on weekends and most evenings.
And there's only so far underground you can go with levels of parking.
Add to the fact that the mall is already going to lose a ton of parking space when the Concord Sears project gets off the ground and they develop those northern parking lots, then you're looking at a big problem for people driving in to shop at the mall looking for parking.