Property I thought I'd feature today is the Biscuit Block redevelopment. It’s being listed by CBRE and they are saying that it will be ready for Tenant Fixturing by the end of the month.
Leasing information below:
The Biscuit Block
Address
438 11 Avenue SE
Building Size (Office Component in SF)
54,073
Building Description and Comments: Six storey character office redevelopment
Estimated Pre-Lease Threshold (SF): On Spec
Typical Floorplate (SF) 7,071SF
Parking Ratio: 5 stalls per floor
Projected Rental Rate (PSF / Annually) $28.00
Estimated Tenant Improvement Allowance $30.00
Estimated Operating Costs and Taxes (PSF) $25.00
Project Status Development: Under Construction.
Pre-Leasing
50% Leased
Earliest Completion Date for Business Occupancy: Q1 2014
Estimated Fixturing Date: Q4 2014
Ownership Structure: Royop Development Corporation
Jpold, do you think the Biscuit Block would lease to small companies? Or are they just looking for big $$$ clients? Im currently looking to share some space with 3-4 people. We're all creatives and are looking for some character space in the inner city.
Jpold, do you think the Biscuit Block would lease to small companies? Or are they just looking for big $$$ clients? Im currently looking to share some space with 3-4 people. We're all creatives and are looking for some character space in the inner city.
Feel free to PM if think it would make sense.
I'm out of the office at the moment so I'll have to confirm tomorrow but I seem to remember the lowest they would demise down to is 2,000sqft which for 3-4 people would probably be a bit too much space. I can think of a handful of other good character spaces that may work for you. I'll fire you a PM tomorrow with more details.
I posted this over in my general Commercial Real Estate Thread but thought the regulars in this thread might enjoy it as well.
The Skyline Review (courtesy of Colliers research department) is an analysis of Calgary’s downtown office towers visually representing all current headlease and sublease space available. This as at the end of September (I'm working on getting Novembers up) but is nearly 100% currently accurate.
Class "AA" Buildings
Spoiler!
Class "A" Buildings
Spoiler!
Class "B" Buildings
Spoiler!
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I posted this over in my general Commercial Real Estate Thread but thought the regulars in this thread might enjoy it as well.
The Skyline Review (courtesy of Colliers research department) is an analysis of Calgary’s downtown office towers visually representing all current headlease and sublease space available. This as at the end of September (I'm working on getting Novembers up) but is nearly 100% currently accurate.
Class "AA" Buildings
Spoiler!
Class "A" Buildings
Spoiler!
Class "B" Buildings
Spoiler!
When did you guys start doing a Calgary one? Our office only gets the Edmonton one.
When did you guys start doing a Calgary one? Our office only gets the Edmonton one.
Are you with Colliers in another city? The Downtown group started doing it about a year ago, I think. I'm currently working on getting one put together for the Beltline/Burbs as well.
Are you with Colliers in another city? The Downtown group started doing it about a year ago, I think. I'm currently working on getting one put together for the Beltline/Burbs as well.
The only surprise for me is City Centre - I would have thought more of that project would be leased by now. High quality and a good location.
Thanks for posting!
That is from our September Skyline (I'm working on getting the November one up) but since then Walton International has taken 3 floors and Inter Pipeline, who has top 6 floors just took one more and put a ROFO on another, and they will likely take it when it's all said and done. Currently it's about 28% leased.
Harvard Developments new proposal for the Eau Claire Market site:
Some quick details:
-1000 residential units (one tower proposed as rental, another as residential/hotel)
-800,000sf of office in the large tower (not allowed in the ARP, hopefully they can get around it)
-Lots of retail and commercial space
-Barley Mill and Smokestack to be saved and moved to a "Heritage Square" adjacent to the main plaza on the south side
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The ground level design looked just as well thought out as the interesting massing of the buildings. Finally we can get rid of that white elephant and have something befitting of this great site.
__________________
Trust the snake.
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The ground level design looked just as well thought out as the interesting massing of the buildings. Finally we can get rid of that white elephant and have something befitting of this great site.
I did see that, but it doesn't have enough information to convince me either way. That atrium space in particular could end up pretty sterile, and might actually be more of a barrier to the interior podium spaces than a conduit to them.
Whilst I'm fairly confident that the new development will have plenty of active edges, active doesn't necessarily mean public and one thing the existing mall does do well is provide indoor, public space adjacent to Eau Claire Plaza and the park and pathway.
It looks to me this project could be Waterfront 4-8 or City Centre 3-7. Those aren't bad projects but they aren't the community hub / regional amenity that the Eau Claire site deserves. Or it could be much better. I don't know yet.
I do find it funny that Jamieson Place was basically the last tower out, now it's getting blocked by City Centre I and if this Eau Claire Tower 1 proceeds, that will be blocking City Centre I. Also noticed Livingston Place 3 & 4 in those drawings, not sure if they are on SSP's radar.
