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

[AHK]

December 6, 2022 - Building F: The Tower Crane that begat the Derrick is now gone. The Derrick in its turn has begat another, smaller derrick, in order to remove the original derrick. Presumably, the components of this new derrick will be taken down by a hoist of some form.

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The larger derrick (was on the left, and shown in the linked picture above) has now been taken down by the smaller derrick on the right.

 

[Undead]

Today:

 

[Northern Light]

Just a couple of pics, from a distance (Spadina, just north of Adelaide), taken today, December 13th, 2022: (note the action on top)

 

[Red Mars]

Dec 3 - 12, 2022

Odds and sods.

 

[condovo]

Dec 3 - 12, 2022

Odds and sods.

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I feel like this area needs some sort of modern cornice. Nothing fussy, just a linear projection to break it up visually. It's too thick, IMO. The proportions are off.

 

[sam15989]

Shopify just backed out of its 15 year lease (254,000 sq feet) at the Well as an anchor tenant. Catastrophic for this project.

 

[Red Mars]

Shopify just backed out of its 15 year lease (254,000 sq feet) at the Well as an anchor tenant. Catastrophic for this project.

Am adding a source. RM

Shopify confirms it no longer intends to expand to massive new Toronto office space, citing shift toward remote-first

The Ottawa-based company, which was set to be the anchor tenant at the newly built, mixed-used space The Well, wouldn’t say whether it’s paying a break fee.

www.thestar.com

 

[evandyk]

How many floors is 254,000 square feet?

 

[generalcanada]

How many floors is 254,000 square feet?

index exchange had 200 000 which was 6 floors. shopify probably has one of the lower levels which are actually quite big, could be 3-4 floors there.

 

[Natika33]

index exchange had 200 000 which was 6 floors. shopify probably has one of the lower levels which are actually quite big, could be 3-4 floors there.

Space for Simons after all? Assuming they'd even be interested and the area could be converted from office use to retail use.

 

[ProjectEnd]

That’s gonna be one big Spirit Halloween...

 

[generalcanada]

the coffee place in the lobby of the office building under the stairwell is open now "de mello coffee"

 

[UrbanOzz]

i wonder what the repercussions are for this. I imagine there's a penalty though it's not clear. I had a feeling since 2020 they weren't going to move in there. with their hybrid WFH model, their existing space is now good enough with some light renos. The tech crash seems like it was icing on the cake but i imagine the decision was made before that and they've just been going through the legal process before announcing it.

 

[Red Mars]

Best to announce the setback news at the opening of the office tower and not before. An anchor tenant is a draw for others.

Graph source:

https://www.altusgroup.com/insights/whats-next-for-the-office-market-in-canada/

 

[Urban Heifer]

How many floors is 254,000 square feet?

Looks like Shopify is spread over a few floors.