Jasonzed
Senior Member
Site
Toronto CIBC SQUARE | 241.39m | 50s | Hines | WilkinsonEyre
sodapop
Active Member
i can't imagine hte impact that a 200 meter+ meter building would have at this location
urbandreamer
recession proof
^Not much really. It would be like building a barn silo next to a highway--basically until those RR tracks have buildings above them, the area will look and feel empty....
sodapop
Active Member
^ thats what i'm saying it'll look out of place and maybe even give an illusion of being taller since theres not many 150 meter+ buildings close to it.
skorji
Active Member
Sorry, I did mean 45 Bay Street. Post #5151 in the Bay-Adelaide Centre West thread, submitted by Ramako, which links to two articles from DCN, states that Phase 2 is the north tower.
"Bay Adelaide Centre,North Tower, Phase Two, Temperance St, Bay St, Adelaide St, M5C " Is this information not accurate? Last I read, the 2nd office tower could go up any time in the next ten years depending on their ability to secure tenants. I haven't heard anything concrete since. If it were breaking ground in the next year, I think we would start hearing about it.
What are all of the other planned office buildings in downtown Toronto? My understanding is that you are not including the Southcore Office tower, which may actually break ground in the coming year. What else are we to expect in the next 12 months? I don't know of anything.
"Bay Adelaide Centre,North Tower, Phase Two, Temperance St, Bay St, Adelaide St, M5C " Is this information not accurate? Last I read, the 2nd office tower could go up any time in the next ten years depending on their ability to secure tenants. I haven't heard anything concrete since. If it were breaking ground in the next year, I think we would start hearing about it.
What are all of the other planned office buildings in downtown Toronto? My understanding is that you are not including the Southcore Office tower, which may actually break ground in the coming year. What else are we to expect in the next 12 months? I don't know of anything.
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Any reference to numbers in DCN articles has to take into account a spread of about 2 to 3 on either side of the number quoted. This would put the condotel phase of Bay Adelaide anywhere between Phase -1 and 5, according to DCN reliability standards. Originally the condotel was to be phase 3, with the second office tower being phase 2. Having DCN state that it is phase 2 now can only be taken as an alert that there may have been a change, but is certainly not confirmation. We will await more information in that regard: DCN might be right.
Meanwhile, Southcore's second tower has already had its ceremonial groundbreaking. Real work could start any moment, likely with shoring along the rail viaduct.
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Meanwhile, Southcore's second tower has already had its ceremonial groundbreaking. Real work could start any moment, likely with shoring along the rail viaduct.
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yyzer
Senior Member
no specific news, but interesting article regarding SITQ's business plan for office and possibly residential properties, containing the following quote....
http://www.montrealgazette.com/business/Caisse+real+estate+mulls+multi+residential+properties/4213174/story.html
http://www.montrealgazette.com/business/Caisse+real+estate+mulls+multi+residential+properties/4213174/story.html
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Automation Gallery
Superstar
Interesting..sounds like that piece of land doesnt belong to them anymore.
Observer Walt
Senior Member
^ That's just a shorthand way of saying that they have no assets producing an income for them. They still own this site.
Automation Gallery
Superstar
Could this be the next office tower to be proposed for Toronto ......From their website
ACTIVITY REPORT
AND SOCIAL RESPONSIBILITY REPORT
2010
OFFICE CHALLENGES FOR 2011: LEASING, REPRIORITIZING AND SEEKING OUT BUSINESS OPPORTUNITIES
A number of leasing-related challenges lie in store for SITQ in the year ahead, particularly in Toronto,
several U.S. cities, Paris, Frankfurt and Düsseldorf. In addition, the Company will be readjusting its
investment portfolio to concentrate on high-quality properties in its key target markets. It will therefore
be on the lookout for business opportunities that enable it to sell certain properties to capitalize on their
appreciation in value and take advantage of select acquisition opportunities.
SITQ’s goal is to readjust its investment portfolio to concentrate on high-quality properties in key target markets.
From a development perspective, SITQ’s teams will focus on new, prime locations in its target markets where it can build high-quality properties in the coming years. There are four pending projects that are ready to be green-lighted in North America as soon as the circumstances are amenable: 45 Bay Street, in downtown Toronto, for which pre-leasing is slated to begin in 2011; 900 De Maisonneuve Ouest, in the heart of Montréal; Phase III of The Summit, in Seattle; and the second tower of Eighth Avenue Place, in Calgary, the preliminary design and infrastructure of which are already complete.
http://www.sitq.com/documents/file/publications/Rapport2010_en.pdf
......From their websiteACTIVITY REPORT
AND SOCIAL RESPONSIBILITY REPORT
2010
OFFICE CHALLENGES FOR 2011: LEASING, REPRIORITIZING AND SEEKING OUT BUSINESS OPPORTUNITIES
A number of leasing-related challenges lie in store for SITQ in the year ahead, particularly in Toronto,
several U.S. cities, Paris, Frankfurt and Düsseldorf. In addition, the Company will be readjusting its
investment portfolio to concentrate on high-quality properties in its key target markets. It will therefore
be on the lookout for business opportunities that enable it to sell certain properties to capitalize on their
appreciation in value and take advantage of select acquisition opportunities.
SITQ’s goal is to readjust its investment portfolio to concentrate on high-quality properties in key target markets.
From a development perspective, SITQ’s teams will focus on new, prime locations in its target markets where it can build high-quality properties in the coming years. There are four pending projects that are ready to be green-lighted in North America as soon as the circumstances are amenable: 45 Bay Street, in downtown Toronto, for which pre-leasing is slated to begin in 2011; 900 De Maisonneuve Ouest, in the heart of Montréal; Phase III of The Summit, in Seattle; and the second tower of Eighth Avenue Place, in Calgary, the preliminary design and infrastructure of which are already complete.
http://www.sitq.com/documents/file/publications/Rapport2010_en.pdf
lolwut
New Member
this better have PATH connection
Filip
Senior Member
I hope we see some detailed designs this time. All we're going by is that awful pdf from eons ago.
Big Daddy
Senior Member
Could this be the next office tower to be proposed for Toronto
ACTIVITY REPORT
AND SOCIAL RESPONSIBILITY REPORT
2010
OFFICE CHALLENGES FOR 2011: LEASING, REPRIORITIZING AND SEEKING OUT BUSINESS OPPORTUNITIES
A number of leasing-related challenges lie in store for SITQ in the year ahead, particularly in Toronto,
several U.S. cities, Paris, Frankfurt and Düsseldorf. In addition, the Company will be readjusting its
investment portfolio to concentrate on high-quality properties in its key target markets. It will therefore
be on the lookout for business opportunities that enable it to sell certain properties to capitalize on their
appreciation in value and take advantage of select acquisition opportunities.
SITQ’s goal is to readjust its investment portfolio to concentrate on high-quality properties in key target markets.
From a development perspective, SITQ’s teams will focus on new, prime locations in its target markets where it can build high-quality properties in the coming years. There are four pending projects that are ready to be green-lighted in North America as soon as the circumstances are amenable: 45 Bay Street, in downtown Toronto, for which pre-leasing is slated to begin in 2011; 900 De Maisonneuve Ouest, in the heart of Montréal; Phase III of The Summit, in Seattle; and the second tower of Eighth Avenue Place, in Calgary, the preliminary design and infrastructure of which are already complete.
http://www.sitq.com/documents/file/publications/Rapport2010_en.pdf
Nice find AG - combined with the previous article it sounds very interesting - especially as it was llisted first in their list of priorities.
Automation Gallery
Superstar
I could see this building being iconic with even a hotel component incorporated to the development, there is also a chance that the new Toronto Bus Terminal could be one of their tenants, also Go Transit could potentially lease 10-15 floors..hey even the TTC could look into space for their new headquarters here.
A 300 meter building/transportation hub could look nice down there.
A 300 meter building/transportation hub could look nice down there.
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Red October
Senior Member
The one bad thing about such a huge building at this location is that it will completely obscure a few of the key buildings in the skyline shot from the lake!
(Yes, I think about those things)
(Yes, I think about those things)