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

[AlbertC]

RioCan continues to develop heavy slate of projects | RENX - Real Estate News Exchange

When RioCan REIT participated recently in the “Lunchbox Challenge” to show appreciation to construction crews building its projects during the pandemic, the event was on a scale seldom seen among Canadian developers. The REIT (REI-UN-T) oversaw delivery of 1,200 lunches,

renx.ca

The Well

RioCan has commercial, retail and residential ownership stakes with partners Allied Properties REIT, Tridel and Woodbourne in The Well, a massive mixed-used development covering 7.8 acres in the west part of downtown Toronto that will comprise more than three million square feet of office, retail, condominium and rental living spaces and amenities.

Construction is up to the 20th floor of the office tower RioCan is involved with, and work on the multifamily rental components above its retail elements will start shortly.

RioCan is in discussions with potential retail tenants and expects a couple of bank branches to be included as it targets a late 2022 opening for its 415,000 square feet of retail space.

“Up to now it’s been difficult to finalize any deals because the retailers haven’t been able to see what they’re potentially going to be going into,” said Duncan. “And two years is a long time for a retail tenant to contemplate in advance.”

Shopify has committed to 475,000 square feet of office space 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.

 

[AHK]

Office tower west side - forms have started to move up into position for the 25th floor of the tower. Approximately two weeks after starting their move up to the 24th floor. The second photo below shows the floor numbers beside the external construction hoist - the black projection platform close to the construction hoist is on the 20th floor. Counting from there in the first photo shows that the three forming sections are now at the 25th floor.

 

[got it right]

As LD would say......pretty.. pretty... good.

 

[AHK]

Another busy day at The Well. Four concrete pumps in action - the three permanently mounted pumps plus one mobile pump on the Wellington side - all operating concurrently. And one of the tower cranes (the south-west corner crane) is doing bucket lifts.

 

[ushahid]

^are they still on commercial floors or these are now residential?

 

[Rascacielo]

Today

 

[Hamiltonian]

mmm that shaft tho!

 

[Contra]

Interestingly, it appears for the cantilever on the eastern facade that the weight is transferred upwards to a transfer slab, rather than to the bottom-most floor of the cantilever. Cool engineering.

 

[Red Mars]

Fri Aug 14, 2020

 

[Yegger]

I love how this development has almost completely urbanized the front/spadina intersection (which used to feel desolate) and better stitches king west with city place. Also like how the office component is bulky and adds to the spadina streetwall

 

[3Dementia]

Anywhere on Wellington west of Spadina in 5 or so years... city living at its best.

 

[karledice]

Anywhere on Wellington west of Spadina in 5 or so years... city living at its best.

It is already the entertainment, bars, clubs, restaurant and trendy area of Toronto...so it's gonna be cemented by then
Wellington is boasted "Millionaire Row" lol

 

[3Dementia]

Yeah it's been cool for decades... but my 5 years or so comment includes the end of most of the dust and noise. Maybe.

 

[AHK]

August 16 - Some updates from this weekend and on Friday.

Photos from Friday - focusing on the amazing amount of rebar being used in this project - plus a bonus shot of three Richvale trucks loaded with masonry brick, queued up on Portland street, waiting for their delivery slots on the site:

On the weekend - the major activity over the Saturday and Sunday - was preparing (on Saturday), and then raising (on Sunday) the south crane on the office tower to its new height.

 

[Red Mars]