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

[cmd uw]

Valuations are down and write-downs have occurred and is impacting the tax base.

Cut and paste in almost all other downtowns right about now. The office asset class isn't that hawt right now...in fact, it's the exact opposite.

 

[cmd uw]

Anyways, I've heard from one of the bigger GC's that there is an RFP coming back out for the podium....value around $30M IIRC. So that is good news.

 

[Abba]

Yep, what I just wrote in my last post here; heard the same thing. RFP is coming...

 

[David A]

Anyways, I've heard from one of the bigger GC's that there is an RFP coming back out for the podium....value around $30M IIRC. So that is good news.

I hope this happens. Manulife is a good building. The podium level was hard hit by things over the last few years, but now is the right time to update and refresh the it, particularly as several of the long term tenants on the main level are not there now.

 

[Gronk!]

In the old Holt Renfrew space on the 2nd level

 

[KreationYEG]

 

[Gronk!]

Henry Singer has a moving sale until Oct 21

Henry Singer | Luxury Men's Suits & Clothing Since 1938

The destination for men's fashion in Edmonton & Calgary. Browse our exclusive collection of men's suits, clothing, shoes & accessories online.

www.henrysinger.com

Henry Singer Moving Sale

HS is moving to a new location in Edmonton

henrysinger.storewidemoving.sale

 

[archited]

I am guessing that you are a pretty natty dresser.

 

[kcantor]

https://www.cwb.com/en/news/2023/cwb-national-headquarters-moving-to-edmontons-manulife-place

 

[Kosy123]

So I'm guessing that means that the $30 million renovation for the podium is almost a certainty at this point?

 

[EdmTrekker]

So I'm guessing that means that the $30 million renovation for the podium is almost a certainty at this point?

Likely a lot more now and more $ to revamp floors that CWB will be moving into.

 

[quit]

Likely a lot more now and more $ to revamp floors that CWB will be moving into.

Usually, floor fit-up is paid for by the tenant. Common areas like the podium, elevator lobbies on each floor (unless this is what you meant) and building envelope are paid for by the landlord.

 

[CaptainBL]

So I'm guessing that means that the $30 million renovation for the podium is almost a certainty at this point?

I heard a couple of weeks ago that the reno was dead. Given the new information about CWB, I am guessing that the previous reno is dead and this reno will be specific to and will likely include the CWB branch on the main floor that was intended to go into the ID.

 

[occidentalcapital]

While the old reno would have been nice, it was basically just adding glass and renderings were all night time views which makes it look fancier than it is. A fresh concept hopefully with really good architecture would not be a bad thing.

 

[Kosy123]

Honestly, if they're doing renos and allowing signage for CWB, I just hope they might add in some form of coloured lights or something similar to that. Would be nice to have the financial core have more colour at nighttime.