Manulife Place Renovations | 145.99m | 36s | AIMCo | MdeAS

[cmd uw]

Seems high for a building like Manulife, but I don't know how they are doing relative to other space downtown - we're still down overall relative to other markets. APEGA moving out doesn't really help things either - CWB was mostly a given to stay downtown imo. Good for Manulife, but I'm not sure I share your enthusiasm for downtown right now.

You'd be surprised the TI's landlords are dishing out to get some deals done. And this goes for all building classes new or old.

This is good for downtown as we avoided building more office space which we don't need to do right now, irrespective of the vacancy rates dropping as per the recent market update for Q3.

 

[thommyjo]

Where did Norquest lease? 108st in government buildings?

 

[IanO]

Intact 108

 

[kcantor]

^
probably for the same supply chain issues...

 

[David A]

I recently noticed this looked almost done, seemed a bit faster than Commerce, but I never used the escalator here as much as there, so maybe being inconvenienced made it seem longer.

I feel after a few years, with things open again, shipping rates way down, demand slowing, etc.. those "supply chain issues" should be resolved by now. At this point, I wonder if it is sometimes being used as an excuse.

 

[Canadian 001]

I hope CWB moving in Spures that big podium renovation

 

[channing76]

So will this classic beauty now be called the CWB building and not the Manulife? Always has been my favorite downtown building.

 

[Foolworm]

So will this classic beauty now be called the CWB building and not the Manulife? Always has been my favorite downtown building.

The lease included naming rights, so it's almost a given.

 

[David A]

So will this classic beauty now be called the CWB building and not the Manulife? Always has been my favorite downtown building.

CWB is far more impactful for our local economy than Manulife ever was, so renaming the building after a company that is actually located here and and has a significant presence is a good thing, I feel.

 

[channing76]

CWB is far more impactful for our local economy than Manulife ever was, so renaming the building after a company that is actually located here and and has a significant presence is a good thing, I feel.

100 percent. Stantec, Epcor and CWB all 3 Edmonton based companies in prominent towers.

 

[Airboy]

Hell I still call CWB tower Principal Plaza. So I may never get around to calling Manulife CWB tower.

 

[MacLac]

I remember the movie theatres in the parkade out back (Zebra parkade now?) that were the size of your Grandma’s living room. Btw, what did the “Principal” in Principal Plaza refer to? Was it an insurance company?

 

[JNO1]

^Principal Group of Companies/Principal Financial Group. A financial/investment company based in Edmonton that went belly up in the late 1980s.

 

[MacLac]

Yup! That's where I saw "Time Bandits."

 

[_urbanite]

I would've never thought there was once a movie theater in that space.