Quote:
Originally Posted by ranchlandsselling
Yeah, of course they're going to consider everything, but they've got different designs, one for multiple buildings, if the multiple buildings scenario goes - like EAP, they don't necessarily have to do it all at once. Bringing on a million sq. ft. of office space certainly doesn't have the diluting effect it once used to in the market - but it's still a lot of space. 2.8 is a ton of space. Additionally that parking lot cash flows half decent., no hurry to bring it down when Calgary already has a shortage of parking. As much as I'd love to see a gargantuan full block development it's a lot of construction to finance. As well Brookfield would want to bring on that many sq. ft. slowly (well not slowly, but...) so not to cannibalize their current buildings.
|
The good thing for Brookfield is they have a full block further away from the river than The Bow does.
If they want to build something ionic and taller than The Bow then they can. They don't have to be concerned about shadowing on the river like The Bow did.