Winnipeg | True North Square | 86.9M | 77.8M | 25F | 17F | 22F | 17F | 19F | U/C - Page 347

EspionNoir · #**6921** Posted **Jun 12, 2020, 6:18 AM**

Quote:

Originally Posted by buzzg

It's important to remember that it was a honeymoon period as it was new. I agree with your statement about "cool" young people, but I think many were just coming to check it out. That coolness will wear off and you'll be left with the less cool young professionals and event/game attendees lol.

I honestly think it's just another lack of oversight on the city's part. All the new stops on Pembina, Exchange (from bike lanes), and lots of other streets all have them.

I think If they do good advertising, keep coming up with new menu items, new ideas and possibilly new vendors if necessary, they will maintain their attractiveness and stay relevant for quite a while.Dinstinction and quality might be their major selling points.

Wpg_Guy · #**6922** Posted **Jun 13, 2020, 8:50 PM**

https://www.instagram.com/connellysigns/

WinCitySparky · #**6923** Posted **Jun 13, 2020, 10:32 PM**

Looks more like an advertising board than anything

borkborkbork · #**6924** Posted **Jun 14, 2020, 3:55 AM**

love to go watch the concert on checks notes a big digital sign

dennis · #**6925** Posted **Jun 14, 2020, 11:45 PM**

The actual screen looks larger in the last post.

Winnipeg Grump · #**6926** Posted **Jun 18, 2020, 8:38 PM**

The Sutton Place project is weird.

Some days you'll look and see a handful of guys, with how many out of sight working in the parkade space. The next day there's just a few guys.
This morning I saw 12 guys on the deck working, with the south crane moving stuff around yet by 2:00 there wasn't a soul onsite.

Biff · #**6927** Posted **Jun 19, 2020, 1:11 PM**

Apparently word from the owner is that since the pandemic hit they have had no guests in their hotels, thus no income...so they cut back on all additional spending.

Much similar to the new Cineplex Theatre construction at Kildonan Place. That project only recently started up again.

drew · #**6928** Posted **Jun 19, 2020, 4:03 PM**

^ wouldn't they have financing for the construction? This is such a weird process.

They are shooting themselves in the foot wasting all this concrete pouring weather in Winnipeg. It just gets more and more expensive the longer it sits idle.

Amateur hour over there.

BKB · #**6929** Posted **Jun 19, 2020, 5:14 PM**

Quote:

Originally Posted by drew

^ wouldn't they have financing for the construction? This is such a weird process.

They are shooting themselves in the foot wasting all this concrete pouring weather in Winnipeg. It just gets more and more expensive the longer it sits idle.

Amateur hour over there.

The structure next to their Sandman hotel appears to be idle as well.

Winnipegger · #**6930** Posted **Jun 19, 2020, 5:17 PM**

Quote:

Originally Posted by drew

^ wouldn't they have financing for the construction? This is such a weird process.

They are shooting themselves in the foot wasting all this concrete pouring weather in Winnipeg. It just gets more and more expensive the longer it sits idle.

Amateur hour over there.

I'm no expert, but during this pandemic I've seen some firms borrow already-planned funds sooner than originally scheduled, or delay planned spending to some point in the future to keep their cash reserves higher and maintain certain liquidity benchmarks.

Not saying that is what is happening here, but it could be one explanation: a company that has already borrowed funds may delay expenditures to keep those funds in reserve and maintain cash on hand. Looks good in accounting-speak. (Note: I am not an accountant, I just work with them).

drew · #**6931** Posted **Jun 19, 2020, 7:13 PM**

^ who knows how they are financing this thing - but unless they figure the hotel business is all but dead for the foreseeable future - there really is no advantage to stopping a cast-in-place concrete structure in Winnipeg.

It makes little sense to resume construction in the late fall or dead of winter given he extra costs associated with pouring concrete in those temperatures - but maybe they have budgeted for it.

Anyways - I am a bit concerned about this project.

Winnipeg Grump · #**6932** Posted **Jun 23, 2020, 6:06 PM**

Well, they seem to be back at it.
Crane was moving a lot of steel onto the site for forms.

Biff · #**6933** Posted **Jun 23, 2020, 6:17 PM**

Finally, a new picture from you.....I was really getting sick of what you had to say!

Looks like steel cages for columns.

......Thanks Grump

Winnipeg Grump · #**6934** Posted **Jun 23, 2020, 6:23 PM**

Quote:

Originally Posted by Biff

Finally, a new picture from you.....I was really getting sick of what you had to say!

Looks like steel cages for columns.

......Thanks Grump

You're welcome, Biff.

buzzg · #**6935** Posted **Jun 25, 2020, 5:02 PM**

Skip’s move-in date is December 1

Biff · #**6936** Posted **Jul 14, 2020, 1:26 PM**

Hey Grump, anything happening on site?

cllew · #**6937** Posted **Jul 14, 2020, 2:24 PM**

Quote:

Originally Posted by buzzg

Skip’s move-in date is December 1

The days I start work at 6am I see the construction crews already at work in the building. I guess they start early to minimize the noise for the rest of the office tower tenants.