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-   -   CALGARY | 3 Eau Claire | 525FT / 160M | 48 Floors (https://skyscraperpage.com/forum/showthread.php?t=203061)

mysterdreamer Mar 6, 2014 12:40 AM

Quote:

Originally Posted by Dale (Post 6480659)
Sounds ominous: "It may take a few months but we will get in touch with you with the revised project plan and schedule."

Yep :( I should have parked my money elsewhere such as Kensington.

Design-mind Mar 6, 2014 3:38 AM

As an investor I would want more of an explanation of why the delay rather than the generic we are sorry but we are going to delay the project.

TallBob Mar 6, 2014 5:25 AM

Next message will be how investors will get their refunds back!

O-tacular Mar 6, 2014 6:25 PM

Quote:

Originally Posted by Dale (Post 6480659)
Sounds ominous: "It may take a few months but we will get in touch with you with the revised project plan and schedule."

To me it sounds like they're going to be phasing it.

Coldrsx Mar 6, 2014 6:50 PM

Hearing that this is DOA.

TriWolf Mar 7, 2014 12:17 AM

Has this been canceled? :(

lorenavedon Apr 9, 2014 5:57 PM

vaporware. Wouldn't doubt someone else will build on that site because it's too much prime real-estate to stay as a janky parking lot. I was so close to putting down a deposit on this place, glad I didn't.

Surrealplaces Apr 11, 2014 5:34 PM

Quote:

Originally Posted by Coldrsx (Post 6481874)
Hearing that this is DOA.

That's what we've been hearing too. All the construction hoarding is gone, and it is back to being a packing lot. Word is that Shaw backed out of it.....not sure why, but my own personal hope is that they saw Telus Sky and decided to go back to the drawing board ;)

TallBob Apr 12, 2014 6:26 AM

^^ That's what I thought many times over the last few months. ^^

Surrealplaces Apr 15, 2014 6:05 PM

Quote:

Originally Posted by TallBob (Post 6536298)
^^ That's what I thought many times over the last few months. ^^

Time will tell, but is Shaw has indeed pulled out, then this one is pretty much DOA.

On the flip side, Shaw should be looking at doing something at least competitive to Telus Sky.

Design-mind Apr 15, 2014 6:54 PM

Quote:

Originally Posted by Surrealplaces (Post 6540679)
Time will tell, but is Shaw has indeed pulled out, then this one is pretty much DOA.

On the flip side, Shaw should be looking at doing something at least competitive to Telus Sky.

I doubt that Shaw is back at the drawing board as yesterday they announced lay-offs. I think this is a sinking ship:titanic:!

Surrealplaces Apr 15, 2014 10:26 PM

Quote:

Originally Posted by Design-mind (Post 6540774)
I doubt that Shaw is back at the drawing board as yesterday they announced lay-offs. I think this is a sinking ship:titanic:!

That would be more likely the case. I think shareholders are already edgy about all the big bonuses that have been handed out.

Surrealplaces Apr 23, 2014 9:31 PM

Quote:

Originally Posted by Coldrsx (Post 6481874)
Hearing that this is DOA.

Quote:

Originally Posted by TriWolf (Post 6482476)
Has this been canceled? :(


I think most people already know that this one is not going anywhere fast. This tweet from @ian_meredith on twitter probably confirms everyone's suspicions

Quote:

@ian_meredith: The Architect (NORR) and Engineer (Robertson&Assoc.) registered ~$250K liens on the 3 Eau Claire Project on April 15.... Smoke. Meet fire.

TallBob Apr 24, 2014 6:42 AM

Still say I'd like to see a single 55-60 story mixed-use tower on that spot..... Providing the shadow police don't mind!

TallBob Apr 25, 2014 8:52 AM

This one is just been buried and three - four more get proposed!

Surrealplaces Apr 25, 2014 4:16 PM

I don't this will come as a surprise. Tweet from Ian Meredith

Quote:

@ian_meredith: 3 Eau Claire filed a Notice of Intention to file for Bankruptcy on 04/14. http://t.co/mRqg173oo0 Deloitte is Trustee. http://t.co/iXE57apKVq

goan_boy Apr 26, 2014 4:27 AM

That's too bad!!! It was a nice project .... So What happens to deposits on condos in this scenario?

TallBob Apr 26, 2014 7:16 AM

^^ 25 cents on the dollar!! Too bad.... I'm just guessing, might not be that bad! ^^

TallBob Apr 26, 2014 7:19 AM

Should have mentioned that Shaw pulled out so maybe they're on the hook for some expenses and breaking a lease.... for whatever it's worth!

Rail>Auto Apr 26, 2014 8:10 AM

This was my favorite high rise design on here. Very disappointed to hear it going down in flames. That was an amazing design.


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