HSBC Bank Place Revitalization | 74m | 18s | AIMCo | DIALOG

[Daveography]

PERMIT_DATE July 11, 2018
PERMIT_NUMBER
JOB_CATEGORY Commercial Final
ADDRESS 10250 - 101 STREET NW
NEIGHBOURHOOD DOWNTOWN
JOB_DESCRIPTION To conduct SELECTIVE INTERIOR AND EXTERIOR DEMOLITION PART OF HSBC BANK PLACE REJUVENATION to an existing Professional, Financial and Office Support Services / Specialty Food Services / General Retail Stores / Health Services building
BUILDING_TYPE Office Buildings (520)
WORK_TYPE (03) Interior Alterations
FLOOR_AREA 616,707.48
CONSTRUCTION_VALUE 337,500
ZONING CCA

 

[Daveography]

 

[Daveography]

AIMCo to redevelop Edmonton’s HSBC Bank Place
Faced with stiff competition for tenants from ICE District and other new office developments in downtown Edmonton, the Alberta Investment Management Corporation (AIMCo) says it will completely redevelop its HSBC Bank Place tower in the downtown business sector.


Architect’s rendering of HSBC Bank Place in Edmonton following renovations. (Rendering courtesy AIMCo)

The renovations will upgrade HSBC Bank Place from a class-A office building to class-AA. AIMCo says. Preliminary work got underway in June, with completion set for late 2019.

AIMCo bought HSBC Place along with another downtown tower, Enbridge Place, in February 2017 from former owner Dream Office REIT (D-UN-T), when it divested itself of four major properties in the Alberta capital.

Reports at the time indicated HSBC Place was sold for $35 million as the city’s economy continued to slump in the face of a downturn in the oil and resource sector.

AIMCo has yet to announce its plans for Enbridge Place, though it has said it would also be slated for redevelopment.

HSBC Bank Place, a 317,000-square-foot building at the corner of 103rd Avenue and 101st Street in Edmonton’s financial district, will undergo a complete exterior and interior redevelopment which will include:

– a triple-glazed curtain wall system;
– floor-to-ceiling view glass in the office area;
– new mechanical and electrical systems;
– and a revitalized two-storey lobby.

https://renx.ca/aimco-redevelop-edmontons-hsbc-bank-place-tower/

 

[archited]

I like that they are making the redo effort. I still have big concerns for their wind-blown-susceptible street plaza. I like that they seem to be paying some attention to the adjacent parking structure; although an alternative might be to tear it down, put parking below grade and develop a mixed use tower above with retail/hospitality and residential -- a scheme like that could add a lot to the value of their office building reno.

 

[Daveography]

Some of the insides are now outside.

 

[Daveography]

PERMIT_DATE August 14, 2018
JOB_CATEGORY Commercial Final
ADDRESS 10250 - 101 STREET NW
NEIGHBOURHOOD DOWNTOWN
JOB_DESCRIPTION To conduct INTERIOR AND EXTERIOR ALTERATIONS TO A PARKADE BUILDING part of HSBC Bank Place Rejuvenation.
BUILDING_TYPE Parkade (490)
WORK_TYPE (03) Interior Alterations
FLOOR_AREA 201,821
CONSTRUCTION_VALUE 4,050,000
ZONING CCA

 

[archited]

This sounds a bit hopeful... something that you had commented on @Daveography some while ago.

 

[Daveography]

@archited They were planning on fixing up the parkade and cladding it anyway, I think this is just part of that. I don't think they've changed their plans to include retail in the base.

 

[archited]

Perhaps not, @Daveography, but they did reference some interior improvements... maybe?

 

[Daveography]

Moving fast.

 

[archited]

street-facing retail... street facing retail... street facing retail!

 

[Daveography]

@archited Last designs I saw did not have any, which is a huge mistake in my books, especially since it means removal of three existing bays from 101 St.

It may have changed, but I haven't heard.

 

[archited]

Short-sighted (and short-sited) if they do not replace the whole parkade with better land use (probably won't happen); just as short-sighted to not enliven the street with fronting retail and hospitality. It makes one wonder, @Daveography, who runs these companies and what their real qualifications are.

 

[Daveography]

PERMIT_DATE September 13, 2018
JOB_CATEGORY Commercial Final
ADDRESS 10250 - 101 STREET NW
NEIGHBOURHOOD DOWNTOWN
JOB_DESCRIPTION To construct a Covered Way Hoarding and sidewalk and road closures for renovations to an existing High Rise Building HSBC (Permit Expires April 30, 2019)
FLOOR_AREA 8,182
CONSTRUCTION_VALUE 10,000
ZONING CCA

PERMIT_DATE September 13, 2018
JOB_CATEGORY Commercial Final
ADDRESS 10250 - 101 STREET NW
NEIGHBOURHOOD DOWNTOWN
JOB_DESCRIPTION To construct a Covered Way Hoarding for renovations to an existing parkade. (Permit Expires April 30, 2019)
FLOOR_AREA 1,647
CONSTRUCTION_VALUE 50,000
ZONING CCA

PERMIT_DATE September 13, 2018
JOB_CATEGORY Commercial Final
ADDRESS 10250 - 101 STREET NW
NEIGHBOURHOOD DOWNTOWN
JOB_DESCRIPTION To construct INTERIOR AND EXTERIOR RENOVATIONS TO HSBC BANK PLACE REJUVENATION to an existing Professional, Financial and Office Support Services / Specialty Food Services / General Retail Stores / Health Services building, constructing perimeter walls only for tenant spaces on main and second floor.
WORK_TYPE (03) Interior Alterations
FLOOR_AREA 357,996.9
CONSTRUCTION_VALUE 50,575,000
ZONING CCA

 

[Daveography]