Toronto The HUB | 258.46m | 59s | Oxford Properties | Rogers Stirk Harbour

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Most likely a pitch for an anchor. But with return to office picking up steam again, an anchor tenant could be the catalyst to shovels in the ground….
 
Diablo1983 said:
View attachment 683450

Most likely a pitch for an anchor. But with return to office picking up steam again, an anchor tenant could be the catalyst to shovels in the ground….
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That's a lot of glass to cover up with 99% sun-blocking shades that will always be drawn down like in all other office towers. Because you know, employees should focus on the work instead of staring out the window. Or something along those lines.
 
Full Metal Junkie said:
That's a lot of glass to cover up with 99% sun-blocking shades that will always be drawn down like in all other office towers. Because you know, employees should focus on the work instead of staring out the window. Or something along those lines.
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Having worked in glass towers before, even if I wanted to enjoy the view I couldn’t cause all that glass acts like a greenhouse! Modern office towers are way too hot for me
 
Diablo1983 said:
View attachment 683450

Most likely a pitch for an anchor. But with return to office picking up steam again, an anchor tenant could be the catalyst to shovels in the ground….
Click to expand...
I have heard that with the H1-B change in the US, this might spur US companies (predominantly tech) to open expanded international offices so they can still hire foreign talent without having to pay the annual $100,000 fee to bring an H1-B employee to the US. I wonder if The HUB is being pushed right now to try and take advantage of the situation.
 
ericmacm said:
I have heard that with the H1-B change in the US, this might spur US companies (predominantly tech) to open expanded international offices so they can still hire foreign talent without having to pay the annual $100,000 fee to bring an H1-B employee to the US. I wonder if The HUB is being pushed right now to try and take advantage of the situation.
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It was already getting a push. Two of the Banks are in the market for several hundred thousand ft2 downtown.

There isn't likely enough space in any of the existing AAA/Trophy towers available.

So it's a question of what gets built to meet that need over what time period.

That's not to suggest there aren't U.S.tech co's looking at Toronto, there were, and there are...........but there was already impetus to position any close-to-ready-to-go tower to attract a lead tenant.
 
The earliest this could possibly be completed would be 2030 or so. And who knows what the world, let alone the local job market, will be like then. Heck, the AI/AGIs might have killed us all, or at least taken our jobs.

Frankly. I just don't see this project going ahead, as is, for a looooong time.
 
I see this as just one of the last few underutilized sites downtown that's long been known to be redeveloped at some point, much like the site wherein the Bay Park towers are now. It took many decades before anything solid lined up and construction stsrted, but once it did, it went up without a hitch. This will surely be redeveloped in the future with how much the city has grown and how much more valuable this land has gotten.

Ot renains to be seen how the timing lines up here, but given the insights presented by other forumers, this may have a better chance of starting than what it may seem, atleast, in a couple years anyway.
 
Office broker sentiment is very optimistic that this one will secure an anchor deal soon.

Obv that's a little like asking the Coyote about expected Road Runner traffic, but I haven't seen sentiment like this in 5 years.
 
ericmacm said:
I have heard that with the H1-B change in the US, this might spur US companies (predominantly tech) to open expanded international offices so they can still hire foreign talent without having to pay the annual $100,000 fee to bring an H1-B employee to the US. I wonder if The HUB is being pushed right now to try and take advantage of the situation.
Click to expand...
rebrand to HUB1-B
 
The H1B visa fee hike is a shakedown. The Administration can issue waivers, so favour will be curried to secure them.
 
More tech jobs that would relocate here for competitively low wages is all Toronto needs. However, it's almost a certainty with Canadians selling themselves short boasting about another Amazon back office opening. Amazon opening offices in Canada made national news before Covid during Trump's first term. They paid less than they would in Mississippi where a $600,000 Vancouver shack is 30K.
 
^This suggest that those stumpy office towers we saw dotting the burbs and freeways will start sprouting up like mushrooms?
 
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