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IanO
Superstar
Cory Wosnack
• 1st
Principal & Managing Director at Avison Young Commercial Real Estate
The question of “what is happening downtown?” has been coming up more often lately. Typically this is code for their frustration for what they presume isn’t happening.
Unfortunately, recreating vibrancy takes a long time. Tenants in the market today often have 18-24 months left on their current lease. It can take 6 months to negotiate a new lease, 3 months to design and another 6 months to renovate. It is easy to become impatient because from the time a company decides to relocate, it’s a year before there is a positive impact to the neighbourhood.
But things are about to get a whole lot busier around ICE District. Over the next 6 months, 500 more staff will be moving into Stantec Tower (just from the deals that have been announced publicly). Add to that the opening of Henry Singer’s new flagship store, a high-end sushi restaurant in Edmonton Tower and another 200+ staff moving into Bell Tower, and it’s going to feel significantly more energized in the core.
• 1st
Principal & Managing Director at Avison Young Commercial Real Estate
The question of “what is happening downtown?” has been coming up more often lately. Typically this is code for their frustration for what they presume isn’t happening.
Unfortunately, recreating vibrancy takes a long time. Tenants in the market today often have 18-24 months left on their current lease. It can take 6 months to negotiate a new lease, 3 months to design and another 6 months to renovate. It is easy to become impatient because from the time a company decides to relocate, it’s a year before there is a positive impact to the neighbourhood.
But things are about to get a whole lot busier around ICE District. Over the next 6 months, 500 more staff will be moving into Stantec Tower (just from the deals that have been announced publicly). Add to that the opening of Henry Singer’s new flagship store, a high-end sushi restaurant in Edmonton Tower and another 200+ staff moving into Bell Tower, and it’s going to feel significantly more energized in the core.
Filip.Nowak
Active Member
TAS
Senior Member
^ great pic of Stantec and the poor design of Columbia Ave street parking. I see that oversized Escalade doesn't even fit. New bike lane infrastructure in 2023 should not have active transportation occurring between moving and parked vehicles. Full stop.
thommyjo
Senior Member
What a stupidly large vehicle. Screw those.
kcantor
Senior Member
Airboy
Senior Member
See Bennet Jones is going onto my old office floor. That was the original interconnected floors 14 and 15. That housed Stantecs Buildings Group. There is only one other interconnected floor but that was done as a TI a few years later.
IanO
Superstar
What percentage of original space does Stantec currently have now?
David A
Senior Member
Yeah it looks like enough room, although from the picture I find the design confusing. It almost looks like you are parking on the curb, which is actually not the case.
The car in front seems to have figured it out, but maybe it came after, and its owner is more familiar with the area.
Airboy
Senior Member
I am thinking half.
Gronk!
Senior Member
Lui-Chi’s has opened a second location at the base of the Stantec Tower according to Sharon Yeo's weekly blog.
husky
Active Member
That is spectacular news for my coffee habit.
David A
Senior Member
It feels like a bit of trend with another local coffee place in a prominent downtown office tower location.
I also feel it adds a bit to the character of the building and the area, rather than it being another locatoin for some huge generic international chain.
I also feel it adds a bit to the character of the building and the area, rather than it being another locatoin for some huge generic international chain.
cmd uw
Active Member
Good news. The entire Ice District was missing a good coffee joint. Good to see them with a second location.
Greenspace
Senior Member
Today
