CALGARY | Brookfield Place Calgary | 247M / 811 FT | 56 Floors - Page 8

Surrealplaces · #**141** Posted **Mar 4, 2013, 7:36 PM**

Not much left of the old Herald building now.

Surrealplaces · #**142** Posted **Mar 5, 2013, 5:53 AM**

New tallest building: Council approves twin towers at 56 and 42 storeys

Read more: http://www.calgaryherald.com/news/ta...#ixzz2Mdr6ocSk

TallBob · #**143** Posted **Mar 5, 2013, 6:40 AM**

Any chance it'll get changed, like a a height reduction or should I dare say a height increase?

KONYS · #**144** Posted **Mar 5, 2013, 5:18 PM**

The article mentions that the tower's corners "curve and taper". Do we know if the tower tapers as it rises? I thought those who saw the DP have said it does not? It sure looks like it tapers from the rendering, but that might just be a trick of the eye.

You Need A Thneed · #**145** Posted **Mar 5, 2013, 5:25 PM**

Quote:

Originally Posted by KONYS

The article mentions that the tower's corners "curve and taper". Do we know if the tower tapers as it rises? I thought those who saw the DP have said it does not? It sure looks like it tapers from the rendering, but that might just be a trick of the eye.

the corners taper, a similar idea to 1 World Trade Centre, just not as much.

The building will not taper, but due to perspective and angles, it will appear to taper slightly anytime you look at it other than straight onto a face from far away. If you would look at it with two faces in view, it will appear to taper, and from close up it will appear to taper even with only one face in view.

KONYS · #**146** Posted **Mar 5, 2013, 5:29 PM**

Cool, thanks YNAT.

Design-mind · #**147** Posted **Mar 5, 2013, 7:25 PM**

This is awesome news. I wonder if they will go from demo directly to site prep and digging.

chris · #**148** Posted **Mar 5, 2013, 11:06 PM**

Any tenants lining up for this tower?

TallBob · #**149** Posted **Mar 6, 2013, 5:59 AM**

Now comes the hard part.... Finding tenants!

Design-mind · #**150** Posted **Mar 6, 2013, 2:37 PM**

It will be hard for Brookfield, since the 225-sixth will more than likely be rising when Imperial Oil leaves the downtown core.

Which will leave two very large towers empty.

rotten42 · #**151** Posted **Mar 6, 2013, 5:06 PM**

Quote:

Originally Posted by Design-mind

It will be hard for Brookfield, since the 225-sixth will more than likely be rising when Imperial Oil leaves the downtown core.

Which will leave two very large towers empty.

Maybe....because there is always that ego/status thing oil companies have. I'm sure given the choice of a brand new building with the moniker of tallest, a company would be drawn to it over an older building that another company discarded. Naturally, the price will be a huge consideration but they are both A1 spaces.

isaidso · #**152** Posted **Mar 6, 2013, 11:26 PM**

Where is Imperial Oil going?

Bigtime · #**153** Posted **Mar 7, 2013, 1:59 AM**

Quote:

Originally Posted by isaidso

Where is Imperial Oil going?

Quarry Park, a suburban campus site in SE Calgary.

chris · #**154** Posted **Mar 7, 2013, 4:54 AM**

So I take it no tenants lining up yet? And wasn't EAP built a couple of years ago simply based on speculation?

Bigtime · #**155** Posted **Mar 7, 2013, 2:01 PM**

No tenants announced yet, I'm thinking Brookfield must have a few solid leads to be so bullish about moving ahead on the first tower (that being the taller one too).

Design-mind · #**156** Posted **Mar 7, 2013, 9:49 PM**

I wish I could find the article. To summarize, the article mentioned that it is based on speculation. They were basing their speculation on economic growth and downtown vacancies during the economic downturn, hoping that a growth spike would occur when the markets turned around (hoping it is timed with the completion or near completion of the first tower).

shakman · #**157** Posted **Mar 8, 2013, 5:22 PM**

Quote:

Originally Posted by Design-mind

I wish I could find the article. To summarize, the article mentioned that it is based on speculation. They were basing their speculation on economic growth and downtown vacancies during the economic downturn, hoping that a growth spike would occur when the markets turned around (hoping it is timed with the completion or near completion of the first tower).

How have the other recent commercial projects performed relative to vacancy rates?

Design-mind · #**158** Posted **Mar 8, 2013, 10:45 PM**

^^^Calgary has a very low vacancy rate compared to other cities (around 5% vacancy). So new projects do relatively well. But when you end up with three office towers vacant in the downtown core, there will likely be better negotiations for tenants. Not ideal for developers like Brookfield.

TallBob · #**159** Posted **Mar 9, 2013, 6:29 AM**

In the States, when the vacancy rate gets down to 10% in most big cities, developers start think about building.... In Calgary, they wait until the rates get down to 1 1/2%!

Surrealplaces · #**160** Posted **Mar 9, 2013, 8:27 PM**

Quote:

Originally Posted by Design-mind

^^^Calgary has a very low vacancy rate compared to other cities (around 5% vacancy). So new projects do relatively well. But when you end up with three office towers vacant in the downtown core, there will likely be better negotiations for tenants. Not ideal for developers like Brookfield.

I believe the vacancy rate for AA space is some thing like 1%,....hopefully that helps push this one into development