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

What do you think of this project?

  • Total voters
    26
Kosy123 said:
So I'm guessing that means that the $30 million renovation for the podium is almost a certainty at this point?
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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.
 
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.
 
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.
 
westcoastjos said:
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.
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With most deals Landlords typically include a tenant improvement allowance as part of their inducement package. Dollar amounts range, however, recent office deals have seen allowances in the $50-75/SF range.

Anyways I think this is a great, great thing for Manulife and our downtown office market TBH.
 
CaptainBL said:
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.
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I think the previous reno's anticipated upscale clothing retail, not a bank branch, so there probably will be changes/differences. However, I liked in general what was planned to update the exterior, I hope that is largely kept.
 
cmd uw said:
With most deals Landlords typically include a tenant improvement allowance as part of their inducement package. Dollar amounts range, however, recent office deals have seen allowances in the $50-75/SF range.

Anyways I think this is a great, great thing for Manulife and our downtown office market TBH.
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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.
 
Greenspace said:
Henry Singer's new location is 10k, so larger. That's probably fair chunk of Holt's old space, which was around 39k. My guess is two floors facing intersection of 101 st/102 ave.
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This makes the most sense. It will juxtapose the TD bank branch across the street at city centre/TD tower. Also, very visible from LRT.

Funny enough, the current coloring of Manulife place already somewhat matches CWB branding.
 
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