archited
Senior Member
^^^^ I left my wallet in my other pants -- give me a sec to check to see how much walking-around-cash I have; I'll get back to you (are they kidding!).
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Downtown Real Estate
- Thread starter Daveography
- Start date
KyleBlanchett
Active Member
Cant say which building yet but another tower downtown will be getting a major facelift in the coming years. I saw the renderings and this is a project that will modernize a section of downtown.
Avenuer
Senior Member
Hopefully the former RBC building at Jasper and 101 St. or Melcor's building at Jasper and 103.
_urbanite
Senior Member
Both are great candidates for a facelift, but I will also suggest the tower portion for the old Epcor/Jacobs (did they ever move in?).
10004 Jasper Avenue also needs a modernization, that building is in a prime spot too (NW corner of Jasper Ave & 100 street)
Clearshades
Senior Member
Hopefully, one of those taller concrete towers on 98st south of Jasper. Just one with a popping color could be nice.
OverheardatYEG
Active Member
The RBC building owned by Melcor was supposed to be and they were starting this year. However, with COVID and in turn the economic slump they have put it off. No idea how long they will be differing the reconstruction. Melcor's having some challenges this year as well.
IanO
Superstar
Bingo.
Avenuer
Senior Member
Was this the impetus for the RBC branch closing and moving or did could they have stayed in the building while the renos were being completed?
IanO
Superstar
Could have stayed, corporate decision to 'follow the money'.
northlands
Senior Member
My hope as well. I would LOVE to see 9triple8 pull a WSP-esq reclad.
_urbanite
Senior Member
I was walking down 106 street the other night and noticed Highfield Place is now owned by Cidex Group. This building is largely empty from what I know, so perhaps a conversion is forthcoming?
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IanO
Superstar
They are just buying everything aren't they... wow!
Maybe a conversion or repositioning of the asset.
Maybe a conversion or repositioning of the asset.
IanO
Superstar
As in I am impressed with their long-term perspective on our market.
northlands
Senior Member
I wonder what they bought it for. An article online shows it was purchased in 2011 for $27.6m, had a slight podium reno in 2015, then sold in 2017 for $5.1m (ouch).
I do wonder though, how come it isn't fully leased up to the GoA? It fits the bill in every category.
Location? Check
Govt level office space quality? Check
Lack of any meaningful street interaction? Check
I do wonder though, how come it isn't fully leased up to the GoA? It fits the bill in every category.
Location? Check
Govt level office space quality? Check
Lack of any meaningful street interaction? Check
IanO
Superstar
Was this one of the Dream disbursements?