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General Construction Updates

MichaelS

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According to this article, a new office building is under construction down in Shepard, near the future Greenline station:
196241


While it is nice to see new construction and buildings going up, I am shocked anyone is building a new office building, given that huge amounts of vacant space in this city.
 

O-tac

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According to this article, a new office building is under construction down in Shepard, near the future Greenline station:
View attachment 196241

While it is nice to see new construction and buildings going up, I am shocked anyone is building a new office building, given that huge amounts of vacant space in this city.
I wonder would this be the site that has sat half finished the last few years with the elevator shafts?
 

DougB

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I wonder would this be the site that has sat half finished the last few years with the elevator shafts?
That is the Remington Quarry Crossing II site:

This would be adjacent to the Canadian Tire at 130th and Deerfoot. Also adjacent to the proposed Green Line storage and maintenance facility:

CANA has actively marketed the development since the late 90's. The original name was "Shepard Regional Centre".
 
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DougB

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According to this article, a new office building is under construction down in Shepard, near the future Greenline station:
View attachment 196241

While it is nice to see new construction and buildings going up, I am shocked anyone is building a new office building, given that huge amounts of vacant space in this city.
The economics are somewhat different for CANA as it is all of land owner, developer and constructor. It likely has idle construction equipment and staff. I can think of a couple of parallels:
-Remington built what is now called the "Remington Building" in QP during the financial crisis. It had already sunk costs into servicing QP and had idle construction capacity. Remington itself was the lead tenant
-Fluor built its office in the Sundance park during the oil bust of 98-99. It owned the land, planned to be the developer of the business park and had in-house design and project management

All that being said, CANA must have offered a great deal for PBS to relocate from its current Telsec owned building in the Douglas Glen office park. PBS likely could have scored free space in Quarry Park on a long term lease. CANA must have offered something better. PBS likely could have scored free space downtown. Quarry Park has lost a few tenants on lease renewals. Avanti Software relocated to Palliser South in the Beltline.
 
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O-tac

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That is the Remington Quarry Crossing II site:

This would be adjacent to the Canadian Tire at 130th and Deerfoot. Also adjacent to the proposed Green Line storage and maintenance facility:

CANA has actively marketed the development since the late 90's. The original name was "Shepard Regional Centre".
Oh that lot right off Deerfoot at the Entrance to 130th! The caffeine must not have kicked in yet this morning as I read Quarry Park for some reason. I noticed equipment on site the last few weeks. They're actually digging right now. Don't tell that to those opposing the SE Greenline though. It's strictly a maintenance shed and tumble weeds at Shepard. Glad to see it finally get some form of development. Will be a bitch getting in or out of there though.
 
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Calgcouver

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Oh that lot right off Deerfoot at the Entrance to 130th! The caffeine must not have kicked in yet this morning as I read Quarry Park for some reason. I noticed equipment on site the last few weeks. They're actually digging right now. Don't tell that to those opposing the SE Greenline though. It's strictly a maintenance shed and tumble weeds at Shepard. Glad to see it finally get some form of development. Will be a bitch getting in or out of there though.
I read it the same way, no idea why
 

Nimbus

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Hmm, I was thinking that PBS could have definitely done a shift to the downtown core. However the family has never struck me as inner-city style types so a expansion of space near where they already are makes sense.
 
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