West Village Towers | 149.95m | 42s | Cidex Group | NORR Dubai Yahya Jan

[Mountain Man]

I prefer the hole in the ground to the podium as I don't have to see it every time I go by lol.

 

[trtcttc]

The podium isn't even the worst thing. It is the unfinished third tower... Cidex seems to have gone to sleep.

They're announcing new projects though like HAT Eau Claire (stupid name aside). Maybe leasing hasn't gone well in the other two towers? I thought getting a grocery store on the ground floor was going to spur some movement on Tower 3.

 

[Golfing guy]

I’m surprised the city hasn’t required to build the hole to ground level. Isn’t that a requirement?

 

[Mountain Man]

I’m surprised the city hasn’t required to build the hole to ground level. Isn’t that a requirement?

Only if it's a risk to the surrounding area I believe.

 

[Albertasaurus]

They're announcing new projects though like HAT Eau Claire (stupid name aside). Maybe leasing hasn't gone well in the other two towers? I thought getting a grocery store on the ground floor was going to spur some movement on Tower 3.

I heard through the grapevine that Cidex sort of overpromised on some of their previous projects, and so their lenders have lost some enthusiasm, which is why some of their larger projects haven't been moving forward. I'm betting there's a big cost difference between an office conversion (with a public subsidy) and a 45 storey tower.

 

[haltcatchfire]

I prefer the hole in the ground to the podium as I don't have to see it every time I go by lol.

100%. I'd prefer a hole in the ground over the whole complex.

 

[CalgaryTiger]

100%. I'd prefer a hole in the ground over the whole complex.

Put me down as anti-hole.

 

[haltcatchfire]

Put me down as anti-hole.

Ok, I'll mark you down here on the ledger under the column ...

... Pro-Spandrel.

 

[trtcttc]

I heard through the grapevine that Cidex sort of overpromised on some of their previous projects, and so their lenders have lost some enthusiasm, which is why some of their larger projects haven't been moving forward. I'm betting there's a big cost difference between an office conversion (with a public subsidy) and a 45 storey tower.

I guess that makes sense, there's zero movement on the Elbow River complex. I imagine the hole requires some amount of maintenance and them not filling it up is at least an indication they want to finish it. If it's ever filled, it'll probably stay a parking lot for 10 years.

 

[Surrealplaces]

I'm wondering if Cidex is holding off on the third tower until they get through their office conversions? The office conversation are somewhat time limited as there may not be another round of funding for the conversions. Once the funding rounds are done, it'll be back to business as usual.

 

[magnetite]

I prefer the hole in the ground to the podium as I don't have to see it every time I go by lol.

The WAM towers were basically an unfinished construction site for the longest time before they decided to do something with it.

 

[trtcttc]

Past by the pit the other day. They still have the steel from reinforced concrete sticking out, looks like they haven't done any additional work since the two towers were completed. I can't imagine it's good for the foundation to have an open pit there for years. Hopefully we get an announcement soon.