12-02-2019, 08:50 AM
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#2101
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Franchise Player
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Quote:
Originally Posted by Shazam
Every market has sweetheart deals. I'm in a class B and we paid absolutely nothing for the first year of our lease.
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The deals get better in the B & C class space. Not to say that good deals done exist in the A class market but on a net effective basis you still pay more for A class.
In today's market tenants who have space in the B market have two choices to make do I (i) stay in my same space and get a renovation allowance from the Landlord to freshen things up (new carpet and paint) and cut my rent costs by 30 - 40% or (ii) pay roughly what I pay now for rent but move into a A class new building with new improvements.
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12-11-2019, 06:36 PM
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#2102
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Franchise Player
Join Date: Jul 2003
Location: Sector 7-G
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Strategic Group puts 50 of it's properties into creditor protection.
https://www.cbc.ca/news/canada/calga...tion-1.5393055
Likely to be a few more more methinks....
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12-11-2019, 07:17 PM
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#2103
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First Line Centre
Join Date: Feb 2014
Location: Uzbekistan
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Quote:
Originally Posted by J pold
The deals get better in the B & C class space. Not to say that good deals done exist in the A class market but on a net effective basis you still pay more for A class.
In today's market tenants who have space in the B market have two choices to make do I (i) stay in my same space and get a renovation allowance from the Landlord to freshen things up (new carpet and paint) and cut my rent costs by 30 - 40% or (ii) pay roughly what I pay now for rent but move into a A class new building with new improvements.
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J Pold, have you found things to be pretty difficult in this environment for you and your team?
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12-12-2019, 08:29 AM
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#2104
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Powerplay Quarterback
Join Date: Oct 2012
Location: Calgary
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Quote:
Originally Posted by J pold
The deals get better in the B & C class space. Not to say that good deals done exist in the A class market but on a net effective basis you still pay more for A class.
In today's market tenants who have space in the B market have two choices to make do I (i) stay in my same space and get a renovation allowance from the Landlord to freshen things up (new carpet and paint) and cut my rent costs by 30 - 40% or (ii) pay roughly what I pay now for rent but move into a A class new building with new improvements.
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We've been doing quite a bit of work relocating businesses from one space to another.
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12-12-2019, 08:45 AM
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#2105
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Franchise Player
Join Date: Apr 2008
Location: Calgary
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I wonder if the Strategic filing will have any effect on their under construction residential projects? One Tower in Beltline east end on 10th avenue (was a pit for years) and the Barron Building refurbishment into residential are two that come to mind.
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12-12-2019, 09:08 AM
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#2106
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Franchise Player
Join Date: Jul 2003
Location: Sector 7-G
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Quote:
Originally Posted by Bigtime
I wonder if the Strategic filing will have any effect on their under construction residential projects? One Tower in Beltline east end on 10th avenue (was a pit for years) and the Barron Building refurbishment into residential are two that come to mind.
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They claim no:
Quote:
In total, Strategic has 171 properties with 7.5-million square feet, but the assets in its other locales, such as British Columbia and Atlantic Canada, are not part of the filing. Neither are properties under construction or the company’s property management, development and construction businesses.
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But that's got to be hubris speaking. No one in their right mind is extending them credit right now, COD only.
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12-12-2019, 09:20 AM
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#2107
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Franchise Player
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Quote:
Originally Posted by Johnny199r
J Pold, have you found things to be pretty difficult in this environment for you and your team?
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It's been a mix. There aren't many deals happening from expansion or growing business which is really what we need for a healthy market. However there is a lot of activity with tenants coming off paying high rates from leases they signed in 2010 - 2015. If the business is still strong and they still need space they can get a great deal anywhere in city so that's keeping us busy.
Being agents we don't own any properties so aren't exposed like owners are but the battle to get new clients/keep existing relationships is extremely competitive. Overall if you work hard and have creative ideas you should be okay.
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12-12-2019, 09:25 AM
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#2108
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Franchise Player
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Quote:
Originally Posted by rotten42
We've been doing quite a bit of work relocating businesses from one space to another.
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There are a lot of tenants relocating spaces. In a more normal market you'll generally see tenants renew their leases and be in the same space for 20+ years because moving is a pain in the butt but with so many good deals out there groups are more inclined to move. Still takes a lot of work and patience to get it done though.
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01-10-2020, 07:42 AM
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#2109
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Franchise Player
Join Date: Apr 2008
Location: Calgary
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https://www.cbc.ca/news/canada/calga...421644?cmp=rss
Quote:
More than 1,600 people have signed an online petition against several proposed developments in Inglewood.
Organizers of the petition fear that if buildings go ahead that are taller than the existing 20-metre height restrictions, it will turn Ninth Avenue S.E. into "another bland, commercial wind tunnel."
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01-10-2020, 08:25 AM
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#2110
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First Line Centre
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Quote:
Originally Posted by Bigtime
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This is why we can't have nice things.
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01-10-2020, 09:13 AM
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#2111
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Franchise Player
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Quote:
Originally Posted by you&me
This is why we can't have nice things.
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It depends on your definition of nice things
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01-10-2020, 10:11 AM
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#2112
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Franchise Player
Join Date: Oct 2001
Location: NYYC
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I work in Inglewood and while I'm generally for these developments, I get, and even share, some of these concerns.
Personally, my biggest issue is not necessarily one of height, but one of volume. I think what gives a good neighbourhood character is a certain eclectic mish-mash of different forms. You look at the character blocks in Inglewood (or any successful neighbourhood), and there's a dozen different buildings on every block, each with its own particular quirks, mistakes, and eras. Imperfection and variety of form is what gives it charm.
You can't replicate that feeling with these massive half or full-block developments, regardless of the height. They always end up being a little too master planned. Yes, they try their best to design in some variety, but it always feels fake, so you lose that eclectic experience.
I think the key is to prevent too much land from being conglomerated. I'd much rather have 4-6 taller buildings taking up a block, than one shorter monolith that takes up the whole thing.
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01-10-2020, 05:12 PM
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#2113
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Franchise Player
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Quote:
Originally Posted by Table 5
I work in Inglewood and while I'm generally for these developments, I get, and even share, some of these concerns.
Personally, my biggest issue is not necessarily one of height, but one of volume. I think what gives a good neighbourhood character is a certain eclectic mish-mash of different forms. You look at the character blocks in Inglewood (or any successful neighbourhood), and there's a dozen different buildings on every block, each with its own particular quirks, mistakes, and eras. Imperfection and variety of form is what gives it charm.
You can't replicate that feeling with these massive half or full-block developments, regardless of the height. They always end up being a little too master planned. Yes, they try their best to design in some variety, but it always feels fake, so you lose that eclectic experience.
I think the key is to prevent too much land from being conglomerated. I'd much rather have 4-6 taller buildings taking up a block, than one shorter monolith that takes up the whole thing.
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I agree, most of the developments in Inglewood, Kensington, Marda Loop and 17th ave look out of place and change the street feel. Having said that something very different like the RNDSQR proposal might work in a Louvre pyramid kind of way
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01-10-2020, 07:14 PM
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#2114
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#1 Goaltender
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I seriously dig the RNDSQR proposal.
These are great jobs for tradespeople, and the increased density in that area is going to give it more gravity to convince others to be there as well. I really hope Inglewood can develop a proper musical entertainment district.
__________________
Quote:
Originally Posted by Biff
If the NHL ever needs an enema, Edmonton is where they'll insert it.
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02-14-2020, 10:06 AM
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#2116
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Franchise Player
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Interesting. Any idea what kind of maximum height we're looking at? 20M?
Trying to find the ARPs on the city website...not working right now. Anybody able to help a noob out? That whole area of calgary.ca seems to be filled with dead links right now...
Thinking about buying a house in the area, would like to become fully acquainted with what's happening around there.
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02-14-2020, 10:09 AM
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#2117
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Franchise Player
Join Date: Feb 2006
Location: Calgary
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Is that the same concept they're building up here in Sage Hill? I noticed it's also a COOP. We have like 2 COOPs within a 5 minute drive from each other now, and like 3 Sobeys lol.
https://ronmor.findspace.com/buildin...ge-hill-common
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02-14-2020, 10:14 AM
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#2118
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Powerplay Quarterback
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Interesting that they chose that location with a Safeway and Blush Lane blocks away. I suppose the density supports it however.
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02-14-2020, 11:26 AM
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#2119
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Powerplay Quarterback
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This might be old news but I have heard they're doing a similar development at the Dalhousie Co-op.
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02-14-2020, 06:38 PM
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#2120
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Franchise Player
Join Date: Jun 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by TopChed
This might be old news but I have heard they're doing a similar development at the Dalhousie Co-op.
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There's also the 16 Ave location, which I believe is going to start this year.
As well their Brentwood location is going to be transformed, although I think that's on hold currently.
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