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That's an interesting question here. You'd think no. But did the devs not tone it down for the initial approval? If so, then if they decided paint it all in neon green and orange stripes with pink polka dots at the end, I think The City might have something to say about that. >.<The city didn't have anything to do with them removing the colours as far as I'm aware?
10% increase? Office towers are already struggling with tenancy... This is still going to be one of the tallest tower in the city.If the PATH is any indicator, some days it feels like not only are we getting back to pre-COVID, it sometimes feels busier. I'm waiting in longer lines at lunch in the food courts. I'd say Mondays and Fridays are slower than I remember them, but even pre-pandemic, fewer people were around on Fridays.
Back to the building itself, I'm coming here from the failed RSHP St. Lawrence Market North thread and eager to see something proper built in Toronto. As with RSHP, their DNA is in the details. From afar, the HUB isn't much to look at until you start to see the hangers and other iron details through the glass. Still, I'd love to see more of that visible from street level.
The tower is a bit chunkier than I'd like; its wide structure demands more height and fortunately the city has finally lost its aversion to supertalls. When they're ready with a lease, they should try again with 10% additional height. They could do that by moving more of the podium activity to the first floors of the tower and diminishing the podium massing to give off more of the suspension effect.
Lastly, the concrete super columns are the defining feature of The HUB and in my opinion, they fall short of living up to that title. They're quite boring for RSHP. A condensed version of this colourful X grid in between the super columns would be more distinctive:
10% increase? Office towers are already struggling with tenancy... This is still going to be one of the tallest tower in the city.
I just want this to be built already, I want all of these open air parking lot to be finally removed. around central waterfront, only this and the Reis Park one left. Get them out already!
Maybe downtown. The suburban office market has been slaughtered. Either way, RTO is peak cringe.Office towers are built with anticipated demand, not this week's demand. Return to office is in full swing as has been discussed in this thread, and large square footage vacancy isn't at what you believe. These developments get paid off over decades and can keep floors vacant while awaiting market growth, but they do need to have a flagship tenant before getting started. Toronto is growing, the pandemic is over, office availability will continue to constrain.
Maybe downtown.
Either way, RTO is peak cringe.
What is the anticipated demand during a global trade war?Office towers are built with anticipated demand, not this week's demand. Return to office is in full swing as has been discussed in this thread, and large square footage vacancy isn't at what you believe. These developments get paid off over decades and can keep floors vacant while awaiting market growth, but they do need to have a flagship tenant before getting started. Toronto is growing, the pandemic is over, office availability will continue to constrain.
The suburban office market has been in decline for decades. No loss. It's all about downtown.Maybe downtown. The suburban office market has been slaughtered. Either way, RTO is peak cringe.
Toronto won't be getting anything like this. Sorry to burst your bubble, but we're just not capable.If the PATH is any indicator, some days it feels like not only are we getting back to pre-COVID, it sometimes feels busier. I'm waiting in longer lines at lunch in the food courts. I'd say Mondays and Fridays are slower than I remember them, but even pre-pandemic, fewer people were around on Fridays.
Back to the building itself, I'm coming here from the failed RSHP St. Lawrence Market North thread and eager to see something proper built in Toronto. As with RSHP, their DNA is in the details. From afar, the HUB isn't much to look at until you start to see the hangers and other iron details through the glass. Still, I'd love to see more of that visible from street level.
The tower is a bit chunkier than I'd like; its wide structure demands more height and fortunately the city has finally lost its aversion to supertalls. When they're ready with a lease, they should try again with 10% additional height. They could do that by moving more of the podium activity to the first floors of the tower and diminishing the podium massing to give off more of the suspension effect.
Lastly, the concrete super columns are the defining feature of The HUB and in my opinion, they fall short of living up to that title. They're quite boring for RSHP. A condensed version of this colourful X grid in between the super columns would be more distinctive:
What would The City do if the developer snuck back in all those colours nearer the completion of the tower? And presuming this thing will ever get built...
The city didn't have anything to do with them removing the colours as far as I'm aware?
The City didn't have anything to do with the loss of colour. All Oxford.That's an interesting question here. You'd think no. But did the devs not tone it down for the initial approval? If so, then if they decided paint it all in neon green and orange stripes with pink polka dots at the end, I think The City might have something to say about that. >.<
What a quaint grouping of words out of which you've fashioned a sentence. How's everything at Portland Commons coming along? T3 Bayside? Remaining half of CIBC 2 North? Backfilling the 500k Shopify vacancy at The Well?Office towers are built with anticipated demand, not this week's demand. Return to office is in full swing as has been discussed in this thread, and large square footage vacancy isn't at what you believe. These developments get paid off over decades and can keep floors vacant while awaiting market growth, but they do need to have a flagship tenant before getting started. Toronto is growing, the pandemic is over, office availability will continue to constrain.
What a quaint grouping of words out of which you've fashioned a sentence. How's everything at Portland Commons coming along? T3 Bayside? Remaining half of CIBC 2 North? Backfilling the 500k Shopify vacancy at The Well?
...then I sit correct. >.<The City didn't have anything to do with the loss of colour. All Oxford.
Am I the only one that thinks the Hub looks fine? Kinda seems like everyone dislikes the building...
Maybe I just have no taste lol
On the whole, would you say we're heading into secure economic waters? The kind where big, multinational corporations want to take on project-initiating anchor leases, and development and construction companies, sure of their costs, want to embark on building them?Ok, PE.........you're not exactly wrong here............but maybe you're taking your bubble bursting gimmick a bit too seriously. LOL
Vacancy is high.....but down 50 basis points in the last quarter......that's the biggest swing in ages.
Subletting is stable to declining.
The Class A, downtown vacancy rate is at a level that would trigger building in the U.S., where admittedly the risk sensitivity in such plays is...............uhh........less sensitive, LOL
Portland and T3 Bayside, are not downtown, class-AAA locations. They only made sense in a hyper hot market.
The others should, in theory, backfill soon............providing that the folks South of the Border don't initiate a Global Depression.
That's not the same as saying the market has fully recovered..............it has not.
But 'The Hub' in a more prime location than some others is plausible. You know whose sniffing around...........there's some six-figure lease-ups that might be in play, certainly were before Trump II.
But things are certainly up in the air.............. TBD.
