Originally Posted by officedweller
There used to be tennis courts on top of the 777 Dunsmuir podium (Pacific Centre atrium) before the Holt Renfrew renovation - unless there's still one there?
The courts are still on top of 777 Dunsmuir, don't know how well they are used though.
Originally Posted by Prometheus
I believe the idea is to build a tower in addition to a podium equal in size to the current structure (maybe even build a tower without destroying the current building). What is more economically viable? What is there now? Or what is there now plus a tower?
Well its not as straight an answer as it seems off the outset. There would need to be an incredible amount of work to shoot a core of a new tower through the existing structure and parking, not to mention what a new tower/density would do to the parking requirements of the site. And this is all assuming the city would even grant CF additional density to make a project like that viable.
Given the extra time and capital involved it is quite likely that adding density could in fact lower the overall project return.
Another issue is the timing, as currently there are 3+ office towers all slated for occupancy around 2015, adding another to the mix, especially one as large as you guys are hoping for, would be very risky and likely drive rents down, further diminishing returns.
Time will tell what shakes out, but as of right now it doesn't seem like the most viable option.
All I can guarantee right now is that what will replace Sears will be worlds better than what is there right now. The city wont allow a half assed redevelopment on this site and CF isn't looking to half ass one of their crown jewel assets.