CalgaryTiger
Senior Member
Phase 3 looks like it was commercial, wonder if that's still the case? And it looks like phase 4 was the biggest tower.
- Thread starter Surrealplaces
- Start date
Habanero
Active Member
Would be so great to this go ahead and have one of the interior parcels built out.
ReachWest
New Member
This placard is posted across the street. I take it this means that there is some parking lot and/or landscaping work being permitted? Or is this in preparation for full building permit issuance?
Calgcouver
Active Member
Who is the landowner here? For some reason i had in my head that it was Hines?
I wonder if this could be the next multi-phase project they go after:
renx.ca
I wonder if this could be the next multi-phase project they go after:
Hines 'bullish' on Canada, raises new $2B development fund
Hines Canadian real estate portfolio has "significantly" outperformed its holdings in other western markets, so the company has amassed an additional $2 billion in funds to deploy according to one of its top Canadian executives.
renx.ca
maestro
Senior Member
Hines spec built a million square feet of office space in Toronto that doesn't have a single tenant signed. That and all the other underperforming properties has still significantly outperformed other western markets?!? $2 billion in residential development may be the only thing to keep their Canadian portfolio afloat. Calgary would be top of the list.
MichaelS
Senior Member
This one is a company called Copez. Hines was supposed to buy the block south of here from CMLC way back in 2019, but like all CMLC recent annoucements nothing ever really came of it.
Calgcouver
Active Member
Sounds like this will be sitting for a while then.
Yep, since 2015. There's very little known about them unfortunately, as they haven't done any other projects.
I found a bit of info relating to them on a construction related website. It mentions a start date of Nov, 2025 that I doubt is accurate, but may be a sign there is activity on this.
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trtcttc
Active Member
Which office are you referring to? I know they’re building CIBC Square which is basically fully leased
maestro
Senior Member
The JV CIBC Square wasn't built on spec. They built a few timber buildings that were built on spec.