Toronto Portland Commons | 71.7m | 15s | Carttera | Sweeny &Co

...I think it still sits without any tenant prospects, unless others have heard differently here. /sigh
 
I suspect in time it'll get tenants - there will be a flight to quality - and for someone not needing space directly in the core - given this is new/modern space - I don't see issues. While older office building will struggle.
 
The question is if Carterra will get tenants here at rents which pay the mortgage. That, I'm less hopeful for. They'll fill the space eventually, no doubt, but likely at rates which lose them money..
 
It may be prime space. It is not a prime location. The market here has never been for traditional corporate tenants and they seem to be weathering the virtual storm better than creative incubators from what I've read. Canterra is probably already seeking alternatives as they can't have this sit vacant or even lease it out at a loss.

Lol - Carttera
 
Today

IMG_2323.jpeg
 
May 14 - Mostly about the ongoing external construction hoist removal, plus one photo of ground floor finishing activities from Front Street.

1000004588.jpg


1000004581.jpg

1000004566.jpg


20240514_150931.jpg


Disassembled pieces of the hoist mast stacked and ready to ship home:

1000004582.jpg


Pouring concrete for the ground floor in from Front Street

1000004580.jpg
 
You must log in or register to post here.

Back
Top