Toronto The Well | 174.03m | 46s | RioCan | Hariri Pontarini

GTA office building spree to spur major tenant shuffle

May. 26, 2020

The Well

The Well, a massive mixed-used development covering 7.8 acres, is bounded by Spadina Avenue to the east, Draper Street to the west, Front Street to the south and Wellington Street to the north. It will comprise more than three million square feet of office, retail, condominium and rental living spaces and amenities.

The office component is being developed by Allied Properties REIT and is tentatively scheduled for completion in Q3 2021.

Shopify has committed to 475,000 square feet at The Well, with Index Exchange committed to 200,000 square feet, Spaces to 127,000 square feet, and Quadrangle to 50,000 square feet. Konrad Group and Intuit will also occupy The Well.

 
May 26, 2020

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The Well Office Tower progress perspective - from the time that the first west side forms were put into position for the 19th floor to the same forms being moved into position for the 20th floor was four weeks - May 1 to May 28. Given that the upper floors from here will have smaller footprints, the pace should pick up - hopefully to more like three weeks per floor or better.

The other change that can be seen in the photos is that one of the two concrete pumps / distribution booms has been removed, only one concrete pump now in place for the office tower.

May 1 Photo:

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May 28 Photo:

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Site Overview:

May 28.jpg
 
@AHK Great observation!
Another question: cladding seems to be slow with no visible progress in the last 2 weeks on all sides. Thoughts?
 
@AHK Great observation!
Another question: cladding seems to be slow with no visible progress in the last 2 weeks on all sides. Thoughts?
Production likely slowed down at the facilities producing said glass. Seems to have been the case for CIBC Square too (as another curtain wall comparison).
 
They could have done a beefier job with the appearance of the cross bars where they connect to the walls.
Maybe with a visible bolt.
What they have looks like a wall-mounted flag holder.

NY Times Building NYC:
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I hope it’s faster than every 3 weeks per floor or else we are going to be watching this get built for a long time yet. Should be closer to 1 week.

covid likely threw a wrench in it as well as the transfer of floor plate size which usually slows things down.
 
I hope it’s faster than every 3 weeks per floor or else we are going to be watching this get built for a long time yet. Should be closer to 1 week.

covid likely threw a wrench in it as well as the transfer of floor plate size which usually slows things down.

One floor per week is about as good as it gets for typical floors of a high rise residential tower with a standard floor plate size - 750 square meters or less. With office tower requirements and current construction practices, I am not aware of any recent concrete framed buildings that have come anywhere near that speed. Steel girder framed buildings would be faster - no time required to set up the forming, pour and cure the concrete pillars before moving on to doing the floor slab itself. Working hour restrictions and present day working safety practices mean that we will probably never see the kind of pace that some buildings achieved in the last century. Case in point - the Empire State Building, which started construction in March 1930, achieved the rate of four and a half floors erected per week.

First occupancy of The Well office tower is anticipated to be first quarter of 2022. At an average rate of two and a half to three weeks per floor (including the mechanical penthouse levels), the building should be topped out in the late spring to early summer 2021 timeframe. With another nine to twelve months or so for completion of the base building electrical, mechanical systems and interior tenant fit up of the first floors to be occupied - that would be consistent with the anticipated Q1 2022 occupancy date.

Again - I am not in the construction industry, just a lay observer, and would defer to anyone associated with the project or who might inside knowledge of the actual construction time frames.
 

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