“A 60 per cent lease-up at this stage of construction is strong, he said. “Every tenant in that building has come out of a D- or C-class building.”
“Saskatoon is a smaller market. There is a place for that lower class and there is always a tenant for that product class.””
Ooo that’s a sucker punch to Saskatoon Square lol. I hope the building owners read that haha. I’ve met one of the owners this last summer and there is a large sense of smugness over the quality of their tower.
They mention insurance, I wonder if it’s just a retail insurance tenant from another part of downtown or a tenant currently in... the suburbs???
I’m also really hoping that gym they mention in the smaller tower is open to the public and is either one of the chains. I know we have a few gyms downtown but they aren’t modern generic chains which are very necessary. As much as I would want Motion Fitness to go there as they have all the locations here, GoodLife would be better for incentivizing tenants and people to downtown from out of city. Evolution Fitness is Regina’s equivalent to Motion here and they have a gym in the Hill Tower downtown - they are an insanely nicer gym than Motion... we are really stuck with the quality of Motion, but they’ve stolen anough market share to be a monopoly in this city and dissuade GoodLife from expanding