It has more to do with how long it takes to repatriate equity and profit. In condo projects there is a defined exit based on the velocity of sales. In and out. Rentals provide a return over a longer term horizon. Capital is tied up for longer.

It helps, but to be honest it doesn't move the needle all that much. Modest uptick in activity at the most.

Looks good. I am wondering when the tenants will be up and running? Any word on the food and beverage hall opening on the second floor? Sucks they aren't open during the Oilers epic playoff run.

Agree...tis ok, but it's just that. What a difference using the original balcony railing design would have made. Sometimes it's that's simple.

Not surprising when a bank is occupying the majority of the office tower. They will want the best frontage for their retail branch. You see it in most cities - yes even the Centre of the Universe.

Manu was the best decision for the building, the bank and overall office market.

Summer, try fall and spring. My condo which faces west and is above the tree line can get spicy at temps around 15C and sunny. I made good use of shades to keep the temperature down w/o having to fire up the AC.

It's an 'addition' to the north side of the building on top. The building abuts the lane right-of-way, so there is no expansion that way.

They will do f*ck all.

I expect this one to get moving come late summer.

Good to see some progress here. I hope they can deliver on the retail. Not the easiest location and somewhat risky given the number of vacant spaces in close proximity.

Sort of. Problem is that grocery stores require a lot of trenches for drains, refrigeration lines, mechanical lines, etc. Saved on structural and concrete yes.

Don't mind the ground floor with the masonry. Tower portion meh. I guess if it turns out like Raymond Block it shouldn't be too bad.

Kind of like a sh*t ton of low rise buildings that exist throughout most of northern Europe. What constitutes an 'architectural' marvel anyways?

There was a looooooot of issues with the previous developer of these lands. Shivam Park wasn't all intended for auto dealerships either. Retail was always planned for the lands adjacent to Baseline and Broadmoor. Not sure what else people were expecting given the location/context of the site.

Bump!

In talking with Paul w/ Averton they are working on something. I don't think it's been finalized though.

Are you talking about retail at grade or the building in general? There have been a few office deals done and another sizeable one coming soon.

See mine and others responses....this calibre of buyer operates differently versus 99% of the market.

Very true.