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Found 28 results

  1. Nom: Altoria Hauteur: 35 étages/120 mètres Coût du projet: 100 000 000,00$ Promoteur: Kevric Architecte: DCYSA Emplacement: Côte du Beaver Hall/Viger Ouest Début de construction: 2011 Fin de construction: 2013 (bureaux) et 2014 (condos) En date de septembre 2013, selon le rapport suivant : http://www.cbre.ca/AssetLibrary/MontrealOfficeDevelopment_Sep2013.pdf Class: A Size: 234,476 SF Floors: 10 Available Space: 136,098 SF % Leased: 41.9% Average Floor: 23,000 SF Completion: 1Q 2014 Status: Under Construction LEED Status: Registered LEED Gold Developer: Kevric Real Estate Corporation http://www.kevric.ca Owner: Kevric Real Estate Corporation Underground Connection: Yes Tenant: AIMIA (98,378 SF)
  2. Khazar Islands 41 islands 20 sq.km Azerbaijan Tower Able to withstand 9.0 earthquake. 1050 meters / 189 floors All should be completed by 2020-2025.
  3. Bella Vista Condos --6 floors http://www.bellavistacondo.ca/ Good improvement on an abandoned burnt outer shell.
  4. Updated - Oct 26 http://forum.skyscraperpage.com/showthread.php?t=174954 Yikes... Espérons que Altitude Montréal commence bientot!
  5. For some reason yesterday I was thinking about what if PVM was one or two buildings it would be one of the tallest buildings on the planet, if the city did not have height restrictions. Seeing PVM is like 4 towers + the middle connecting everything together, just to make one. Each tower has 46 floors (188 meters). It would be like 230 floors (with the middle part connecting everything). If it was like 1 tower it be 940 meters. It would be bigger than both: Petronas Tower put together (though it would still have about 1/2 the amount of sq.ft). If it was two towers each one would be like 470 meters and it if was divided into 3 towers smaller towers of 313 meters. Something to think about.
  6. Does anyone know what the status is on the construction that was being done in the Olympic Stadium tower? http://www.busac.com/index.php?lang=an&sect=3&offset=0&region=5&id=5733552 Judging by the 3D tour http://www.busac.com/previz/on the Busac Real Estate site, it looks like they are planning to remove some of the concrete panels on the side of the tower and replace them with more windows. Thus creating 20 floors of office space. The floor spaces in the tour were built with very high ceilings and windows that were much to high. I wonder if and how many floors they might be adding to fill up these large rooms. If anyone has anymore info on this project or pictures of construction of any part of the Olympic Complex I would be very interested. All Pictures are from Busac Real Estate www.Busac.com
  7. Bonjour à tous, La compilation des projets sur les forums skyscrapercity et skyscraperpage n'a pas été mise à jour depuis longtemps et de part ça qualité, n'est pas très digne de Montréal! (c'est moi qui l'est faite en plus...) J'ai fait plusieurs recherches sur tous le projets, afin de compléter quelques renseignements et ainsi faire une nouvelle compilation. Je suis pourri en anglais, donc ne vous gêner pas pour me corriger. Je veux vos commentaires, afin de finaliser le fil et le mettre sur les deux autres forums. Merci bien! Gilbert P.S. Au risque de me répéter, le premier qui, après avoir vu ce fil, dira encore que Montréal stagne et ne bouge pas aura affaire à moi... ------------------------------------------------------ Updated compilation – by Gilbert (mtlurb.com) Under construction Hilton Garden Inn Expected Occupancy: 2008 Developer: Groupe Canvar Architect: Geiger Huot Architectes Floors: 37 fl Designation: 200-room hotel (first 13 fl), residential Louis Bohème Expected Occupancy: 2009 Developer: SacresaCanada, Iber Management Architect: Menkès, Shooner, Dagenais, Letourneux Height : 85m Floors: 28 fl Designation: Residential Crystal de la Montagne Expected Occupancy: 2008 Developer: Le Crystal de la Montagne / S.E.N.C. Architect: BLT Architectes Floors: 27 fl Designation: 131 suites, 59 luxurious condominium residences Le Vistal 1 & 2 Expected Occupancy: 2008 - 2009 Developer: Groupe Proment Designation : Residential Floors: 2*28 fl Designation: Residential Westin Montreal Expected Occupancy: 2008 Developer: Atlific Architect: Geiger Huot Architectes Floors: 20 fl Designation: 432 deluxe rooms and suites Quebecor Head Office Expansion Expected Occupancy: 2008 Developer: Québécor Architect: Cardinal Hardy / Arcop Floors: 19 fl Designation: Office space Université de Sherbrooke Expected Occupancy: 2009 City : Longueuil Developer: Université de Sherbrooke Floors: 17 fl Designation: University building Boisé Notre-Dame Expected Occupancy: 2008 City : Laval Developer: Groupe Joyal Floors: 3*17 fl Designation: Residential Îlot Voyageur Expected Occupancy: 2009 Developer: UQAM Floors: 2*9 fl / 16 fl Designation: University building and a new bus terminal Villa Latella - Mont-Carmel Expected Occupancy: 2008 Developer: San Carlo Construction Inc. Floors: 15 fl Designation: Residential John Molson School of Business Building Expected Occupancy: 2009 Developer: Concordia University Architects: KPMB Architects – FSA Architectes Floors: 15 fl Designation: University building Sir George Simpson Expected Occupancy: 2009 Developer: Groupe Lépine Architects: DCYSA Floors: 13 fl Designation: Residential LUX Résidences Gouverneur Expected Occupancy: 2009 Developer: Gouverneur Residences Architects: DCYSA Floors: 4*12 fl Designation: Residential Lowney 3 Expected Occupancy: 2008 Developer: Groupe Prével Architects: DCYSA Floors: 10 fl Designation: Residential 333 Sherbrooke Est Expected Occupancy: 2008 Developer: Homburg Invest Inc. Architects: Cardinal Hardy et Associés Floors: 2*10 fl Designation: Residential Stade Saputo Team : Impact de Montréal Expected Occupancy: 2008 Developer: Groupe Saputo Architect: Zinno Zappitelli Architectes Number of seats: 13,000 seats, expandable to 17,000
  8. Shows you where the money is going these days. Great looking skyscraper! Article on FP: http://business.financialpost.com/2013/07/04/telus-to-build-400-million-tower-in-calgarys-downtown/?__lsa=e9e9-144b
  9. The tallest hotel in the country was finished last year. No it's not in Toronto, Vancouver, Calgary or even Edmonton. It is in Niagara Falls! It is 58 floors, 177 meters!
  10. 1992–present || 1000 de La Gauchetière || 205 / 673 || 51 1964–1992 || Tour de la Bourse || 190 / 623 || 47 1962–1964 || Place Ville Marie || 188 / 617 || 47 1931–1962 || Sun Life Building || 122 / 400 || 26 1928–1931 || Royal Bank Building || 121m / 397ft || 22 floors What were the tallest buildings in Montreal prior to 1928 (and the Royal Bank building?) A church perhaps? Or another structure entirely? I believe that the New York Life Insurance Building was the first tall building in Montreal. Am I correct?
  11. Ritz-Carlton condo project stalls in Vancouver Construction of one of Vancouver's most prestigious condominium projects has been halted, but the developer says design changes, and not the international credit crisis, are behind the move. Work halted on the Ritz-Carlton construction site on Friday, and crews did not return on Monday after the weekend, leaving a giant hole in the ground near the corner of West Georgia Street and Bute Street in the heart of Vancouver. Fifty per cent of the condominium units were reportedly pre-sold, but the building's developer Simon Lim, president of the Holborn Group, told CBC News financial concerns were not behind the decision to put the project on hold. According to Lim, the work was halted so some design changes can be made, and it made no sense to keep crews working, or to keep the sales office open while those changes were underway. Advertising signage around the construction site was missing on Tuesday and construction trailers had been removed from the site. About 50 per cent of the excavation for the foundation of the project had already been completed. The 60-storey tower, which twists 45 degrees as it rises, is an Arthur Erickson design. The design features a high-end Ritz-Carlton hotel on the lower floors and 123 luxury condos on the upper floors priced between $2.5 million and $10 million, with the penthouse priced at $28 million.
  12. Ok, j'ai lu les rêgles mais je crois que ce texte devrait être quand même placé ici. Si les admin pensent autrement, simplement supprimé http://inventorspot.com/articles/worlds_tallest_building_be_talle_6398 At 13,123 feet high, the massive, mountain-shaped building envisioned by Japan's Taisei Construction Company would overshadow Mount Fuji itself by nearly 700 feet. That's the equivalent of NINE Empire State Buildings stood one upon the other! The building, known as the X-Seed 4000, is designed to house up to one million residents on as many as 800 floors! Designers have had to consider tricky questions of temperature and pressure differentials between the base and topmost floors, and are looking to utilize solar power to solve these and other critical issues. The cost, you ask? Somewhere between $300 and $900 billion... what's that, an Iraq War or two? Couple of manned Mars missions? Quite do-able - if you're Japan, one of the world's richest countries. One might think the Japanese government would never allow the placing of an edifice the size of the X-Seed 4000 anywhere near sacred Mount Fuji, but Taisei's plans call for the monumental mini-city to rise relatively close by, rising up upon huge caissons sunk deep into the mire underlying Tokyo Bay Could it happen? Well, skeptical citizens of Florence, Italy, scoffed at Leonardo da Vinci's detailed drawings of helicopters and other flying machines. Yet da Vinci's dreams did take flight, centuries later. I wouldn't rush to put down a deposit on a unit just yet, but Taisei's outrageous X-Seed 4000 proposal has the same potential to fly high.
  13. Ça donne le goût de voir un projet similaire ici à Montréal. Markthal Rotterdam, the covered food market and housing development shaped like a giant arch by Dutch architects MVRDV, has officially opened today after five years of construction (+ slideshow). The Netherlands' first covered market is located in Rotterdam's city centre and has space for 96 fresh produce stalls and 20 hospitality and retail units on the lower two floors... dezeen.com
  14. Il y a une grue à tour à l'ancien marché de St-Léonard. Il s'agit du nouveau bureau de la direction régionale d'Urgence Sante pour Montréal, je crois. Ils ont un panneau d'affichage avec une photo de l'édifice. Ce sera un bâtiment de 5 ou 6 étages qui fera face sur la rue Jarry est. They are at 3 floors already...strange I haven't seen a mention of it in MTLURB. Or did I miss it???:shhh::shhh:
  15. Source: Taylor Noakes Je ne suis pas souvent d'accord avec ce type, mais ce billet est intéressant. Cliquez le lien pour y voir les photos nécessaire pour bien comprendre l'article. Came across an interesting conversation on Montreal City Weblog that started out about a bit of news that the Hilton Bonaventure is up for sale but ended up on the subject of some of our city’s ugliest buildings. The question was whether the entirety of Place Bonaventure was on the block or just the Hotel (and what the Hotel’s stake in the building was, by extension), and one commentator stated he’d prefer to see the building destroyed and replaced with a ‘proper European-styled train station, a worthy Southern Entrance to the city’ (I’m paraphrasing but that was the gist of it). Ultimately it is just the hotel that is for sale. Of note, the Delta Centre-Ville (another building I have mixed feelings about) recently announced it is closing in October, putting some 350 people out of work. The University Street building, co-located with the Tour de la Bourse is to be converted into – get this – high-end student housing. I don’t know if the rotating restaurant on the upper floors is still operational, but I’m going to find out. I can imagine a high-priced and slightly nauseating meal with a fantastic if intermittent view awaits… The Hilton Bonaventure occupies the top floors of Place Bonaventure, a building designed from the inside-out that was originally conceived as an international trade centre and convention space. When opened in 1967 it boasted an immense convention hall, five floors of international wholesalers, two floors of retail shopping, a collection of international trade mission head offices and the aforementioned hotel. The building was heavily modified in 1998, losing its wholesale and retail shopping component as it was converted into office space. The exterior is in the brutalist style of poured, ribbed concrete, some of which has cracked and fallen off. Though an architecturally significant building, it’s far from a beauty. The rooftop hotel is perhaps the building’s best feature, involving a sumptuous interior aesthetic heavy on earth tones interacting with plenty of natural sunlight, bathing the hotel’s multiple levels while simultaneously exposing the well-cultivated rooftop garden and pool. In any event, the discussion on Montreal City Weblog brought up general disinterest in Place Bonaventure’s looks, but commentators had other ideas about what they considered to be our city’s truly ugliest building. Montreal Forum, circa 1996. Montreal Forum, circa 1996. Weblog curator Kate McDonnell’s pick is the Cineplex Pepsi AMC Forum Entertainment Complex Extravaganza (brought to you by Jonathan Wener at Canderel Realty). I won’t disgrace the pages of this blog by showing you what it looks like – just go take a waltz around Ste-Catherine’s and Atwater and when you start dry heaving you’ll know you’re looking at one of the worst architectural abominations to ever befall a self-respecting society. The above image is what the Forum looked like pre-conversion, probably shortly after the Habs moved to the Bell Centre (formerly the Molson Centre, formerly General Dynamics Land Systems Place). This would’ve been the Forum’s second or third makeover since it was first built in the 1920s, and as you can see, a strong local Modernist vibe with just a touch of the playful in the inter-lacing escalators deigned to look like crossed hockey sticks is pretty much all there is to it. Simple, straightforward, even a touch serious – a building that looked like the ‘most storied building in hockey history’. But today – yea gods. Frankly I’m surprised we haven’t formed a mob to arson it all the way back to hell, where the current incarnation of the Montreal Forum aptly belongs. From what I’ve heard Satan needs a multiplex on which to show nothing but Ishtar. All that aside, I agree that the Forum is awfully ugly, but it’s not my choice for ugliest city-wide. Other suggestions from the conversation included the Port Royal Apartments on Sherbrooke and the National Bank Building on Place d’Armes, though commentators seemed to agree this was mostly because they felt the building was out of place, and rendered ugly more by the context of its surroundings, or its imposition upon them, than anything else. The Big O was mentioned, as was Concordia’s ice-cube tray styled Hall Building. La Cité was brought up as an ultimately failed project that disrupts a more cohesive human-scale neighbourhood, and so were some of McGill’s mid-1970s pavilions. Surprisingly, the Chateau Champlain wasn’t brought up, though I’ve heard many disparage it as nothing but a fanciful cheese-grater. 1200 McGill College - Centre Capitol 1200 McGill College – Centre Capitol But after all that is said and done, I’m not convinced we’ve found Montreal’s ugliest building. My personal choice is 1200 McGill College, the building above, a drab and dreary brown brick and smoked glass office tower of no particular architectural merit or patrimonial value that I personally believe is ugly by virtue of marring the beauty of the buildings around it, notably Place Ville Marie and just about everything else on McGill College. Worse still, it replaced what was once a grand theatre – the Capitol – with something that would ultimately become a large Roger’s call centre. Ick. However much corporate office real estate our city happens to have, we could all do without whatever this puny out-of-style building provides. Suffice it to say, I would gladly sell tickets to its implosion. But in writing this article I remembered a building even more hideous and out of place than 1200 McGill College: This monstrosity… Avis Parking Garage on Dorchester Square - credit to Spacing Montreal Avis Parking Garage on Dorchester Square – credit to Spacing Montreal There is simply no excuse for a multi-level parking garage conceived in such ostentatiously poor taste to occupy such a prime piece of real estate as this, and so I can only infer that the proprietor is either making a killing in the parking game or, that the proprietor is waiting to try and get building height restrictions relaxed. It’d be a great spot for a tony condo complex, but given that it’s wedged between the iconic Sun Life and Dominion Square buildings it’s likely the lot has some significant zoning restrictions, making a tower – the only really viable residential model given the size of the plot – highly unlikely. I can’t imagine a tower on this spot would do anything but take away from the already hyper precise proportions of the square. Personally, I think the spot would be ideal for a medium-sized venue, especially considering it’s adjacent to the preserved former Loews Theatre, currently occupied by the Mansfield Athletic Association. In better days the city might have the means to redevelop the former Loews into a new performance venue; a gym can go anywhere, an authentic turn of the century vaudeville-styled theatre is a precious commodity these days. Think about it – a medium-sized theatre and performance complex in the middle of a pre-existing entertainment and retail shopping district. I think that might work here. Either way – boo on this parking lot. And come to think of it, I wouldn’t mind seeing just about every single modernist apartment tower built in the McGill and Concordia ghettoes in the 1960s and 1970s removed from the skyline as well. But I leave it to you – what do you think is the single ugliest building in Montreal? Feel free to send pics if you have them.
  16. Read more: http://www.nationalpost.com/related/topics/story.html?id=2457341#ixzz0e7omWfCN
  17. Pavillon 8 wins AR Future Projects award This project for the former wharf area of Lyons at the junction of the Rhône and Saône is an atrium office building composed of two blocks with a public contemporary art exhibition space on its ground floor and a restaurant floating in the river beneath four dramatically cantilevered floors of offices. The restaurant’s five bubbles are made from different cladding materials, some solid some open. The judges thought this scheme had a lovely plan, bravura cantilevers and a kinetic quality which will create a special relationship between water and occupants. http://www.worldarchitecturenews.com/index.php?fuseaction=wanappln.projectview&upload_id=10981
  18. Leeser Architecture wins competition to design 5 star hotel in Abu Dhabi The Middle East is ushering in some of the most provocative architecture being produced today. And Helix, a bold new hotel won in competition by Lesser Architecture, is no exception. The project which gets its name from its staggered floor plates resulting in an iconic spiraling form, will rest in the Zayed Bay next to Zaha Hadid’s Sheid Zayed Bridge, which is currently under construction. With Helix, Lesser Architecture has devised a new way to consider hotel culture in the Emirates, highlighting elements that are usually unseen and playfully enlivening those parts of the program that are traditionally static and mundane. The hotel contains 206 guest rooms and suites located around a helical floor. Rigid hallways and atria that characterize a typical hotel stay are here dispensed with and replaced with flexible public and guest rooms with unique configurations. As the helix winds upwards, the programmatic elements change from lounges and restaurant on the bay, to meeting rooms and conference facilities, to lounges and cafes, to the luxury indoor-outdoor track on the fifth floor, to finally the upper pool deck on the roof. The pool will have a glass bottom visible from the lower eight floors. Other dramatic features include a restaurant situated below the lobby that is so close to the bay’s waves that they lap onto the restaurant’s edge inside of the glass curtain wall. On its interior, the floors corkscrew around a large void, resulting in a form reminiscent of Wright’s Guggenheim. Leeser says the ramped floors suggest the curves a winding street would take through a bustling town. Though the void seems to offer unmitigated visibility, there will be enclaves for private meetings and guest privacy. Sharon McHugh US Correspondent
  19. Bitexco Tower set for Ho Chi Minh City central business district At 269 m Vietnam's Bitexco Financial Tower will be the country's tallest tower. Designed by New York architect Carlos Zapata Studio and carried forward by AREP of Paris, the design consists of 68 floors of office space, 6 basement floors of parking and a 5-floor retail podium. 100,000 square meters of commercial space will be created in the build which is set to take 36 months. Ground works have been under way for the past year. The design is inspired by the lotus petal, the national flower of Vietnam and its sleek form has a narrowed footplate and three-dimensional growth as the tower rises. On entering the building a large atrium will allow you to view the height of the tower from within. A Heliport and observation deck will be constructed on the 56th floor and a sky lounge on the 55th floor with 360 degree views of Ho Chi Minh City. The building will also have a conference room, a business center, banks, a VIP club and fitness center. Niki May Young News Editor http://www.worldarchitecturenews.com/index.php?fuseaction=wanappln.projectview&upload_id=11418
  20. High & Low | Quebec City’s Old Town An Old-World Feel on the St. Lawrence Article Tools Sponsored By By BETHANY LYTTLE Published: July 18, 2008 QUEBEC CITY celebrates its 400th anniversary this year. Founded in 1608 as Kebec (Algonquin for “place where the river narrows”) by Samuel de Champlain, Quebec City was the first permanent French settlement in North America. Today, the charms of Quebec City make it one of the most visited cities in Canada, and increasingly a destination for Americans and Western Canadians who wish to own, in the form of real estate, a piece of its history. Perched on the St. Lawrence River, the walled town conjures up images of Europe, its terraced setting filled with narrow cobblestone streets, many of them steep, and a stirring display of restored architecture. Jeannette Casavant, a real estate broker, has been selling real estate in Quebec City for 22 years. “Values have increased more than 25 percent in less than 10 years,” she said. “And although the United States has experienced suffering in its real estate market, we have not felt that nor seen it here.” Ms. Casavant said that in recent years there has been a shift in the trend of buying second homes outside the city. Instead, those who are thinking about retirement, but also a significant population of younger families with children, are choosing to buy pieds-à-terre and historic houses in the Old Town. Extensive government-backed preservation and restoration of the city’s oldest apartment buildings and houses mean that buyers can own a centuries-old dwelling, complete with modern conveniences, and experience the enchanting European-style life without traveling overseas. And Old Town’s central location means there is no need to own a car. With outstanding views of the St. Lawrence River, ramparts on which to walk and enjoy the water, and plentiful outdoor cafes, there is a lot to attract a second-home owner. “People come up here to study French and end up wanting to own a property here,” Ms. Casavant said. Typical prices in Old Town range from 200,000 Canadian dollars, about the same in U.S. dollars, for a condominium to about 2 million Canadian dollars. And one of the area’s coveted single-family houses might be more expensive. “Since 9/11, we have seen a marked increase in American buyers,” Ms. Casavant said. “They want security, and Quebec is secure in many ways, not the least of which is the fact that real estate should continue to increase. “There is no more land left in the city to build,” she added, “and the government is very strict about historic architecture. Nothing here is going to be knocked down and replaced with a condominium high-rise.” High This 5,277-square-foot house was built in 1807. It is within walking distance of Le Chateau Frontenac, a Quebec City landmark and one of the nation’s premier hotels. It is also near all of Old Town’s amenities, including its many terrace cafes, and the newly constructed Promenade Samuel de Champlain, which provides access to the shores of the St. Lawrence River. The house, which includes an attached stable that has been turned into a garage, has been fully restored. It has had only three owners in its history. The property shares its original stone-walled yard with an Ursuline convent and has views of the convent’s French gardens from its upper levels. The restored interior includes marble fireplaces, hardwood floors and arched doorways, as well as deep windows and hand-carved woodwork. There are seven bathrooms and three balconies and a terrace on the upper level. Taxes: 9,727 Canadian dollars. Listing agent: Cyrille Girard, Sotheby’s International Realty Quebec, Quebec City, (418) 264-2809; http://www.cyrillegirard.com. Low This two-story, 1,076-square-foot condominium is in an 1850s building on a quiet, narrow street close to the St. Lawrence River and the shops, cafes and restaurants of Quebec City’s Old Town. It was fully restored and renovated about 10 years ago. On the upper floor is the dining room, kitchen, a living room and a half-bathroom. From this level, there is an entrance to a small garden area in the back. On the lower floor are two bedrooms and a full bathroom. There is an exposed fieldstone wall, original to the building, in the open dining and living area, and there is a wood-burning fireplace. There are hardwood floors throughout except in the bathrooms, where the floors are ceramic. The building has only one other condominium unit. Taxes: 1,600 Canadian dollars, about the same in United States dollars. Listing agent: Danielle Themens, Themens Real Estate, (418) 353-3456; http://www.daniellethemens.com. http://www.nytimes.com/2008/07/18/greathomesanddestinations/18mark.html?ref=realestate
  21. Stinson planning giant tower as part of Connaught development May 21, 2008 By WADE HEMSWORTH The Hamilton Spectator Harry Stinson is planning a soaring signature building that would become a symbol of Hamilton in the same way the Eiffel Tower is for Paris, or as the Empire State Building is for New York City. “Every city needs an icon,” Stinson said. The L-shaped Connaught Tower would rise to a sharp and dramatic point 1,000 feet over downtown Hamilton — making it about three times the height of the Niagara Escarpment, and dwarfing downtown’s current giant, the Century 21 tower virtually across the street. Stinson unveiled his plans at a reception Wednesday. But before he can build the tower at the southeast corner of the Connaught site — now a parking lot — he plans to refit the old hotel, turning it into a hybrid hotel operation and condominium residence, with amenities that include a lavish lobby bar, grand ballrooms, a 24-hour coffee shop and a 24-hour grocery store. Construction of the entire complex would cost about $180 million, the developer said, and would have an ultimate retail value of about $350 million. Stinson said he has bought the former Liaison College property on John Street South and plans to add it to the Connaught complex, which he has purchased for $9.5 million in a deal that closes at the end of June. Before then, he is planning to open a sales office near the property downtown to begin selling about 300 condo units in the historic hotel building. Those units in the upper floors of the hotel would range from $199,000 to $299,000, and would come fully furnished, he said. Meanwhile, the lower floors would operate as a boutique hotel. Completing the hotel building — which Stinson plans to do within he next two years — would pave the way to build the tower by generating income and proving there is a market for downtown Hamilton properties. “The elephant in the room is will anybody buy these? I can’t say that for sure,” he said. The tower project would reach a height equal to 100 storeys, with about 80 floors of usable space and the narrow top of the spike reserved for wind turbines and other mechanical elements. “It’s inefficient, but it gives the whole thing its punch,” he said. The top units of the building betwen the 70th and 80th floors would each be single units with stunning views of the city, said the developer -- and would sell for the equivalent of a nice house in Dundas, he said. About five storeys of the new tower would be reserved for the hotel operation, he said. The entire complex would feature underground parking space for 1,000 vehicles, divided between conventional spaces for short-term parking and mechanical parking slots for longer stays. http://www.thespec.com/News/BreakingNews/article/372668
  22. Does anybody know what's going on with the first few floors of the Place du Parc building? They are under wraps and have been for a little while.
  23. Market’s Troubles Echo in a Building’s Vacant Floors Article Tools Sponsored By By CHARLES V. BAGLI Published: November 9, 2008 The elevators work fine, the views are great, the offices have been refurbished and no one is complaining about rats. In so many ways, the green-tinted, 41-story office tower overlooking Bryant Park seems a desirable address. So why are tenants who rushed to rent space a year ago in the building, at 1095 Avenue of the Americas, rushing to break their leases now? The answer says much about the increasingly precarious state of Midtown Manhattan’s real estate market at a time when once-mighty financial companies like Lehman Brothers are disappearing and the slowing economy is driving the vacancy rate up and commercial rents down. Though the building, once owned by Verizon, just went through a two-year, $250 million makeover, several financial firms that signed leases in 2006 and 2007 say they no longer can afford the rents or the cost of outfitting new spaces. Others are laying off workers or reorganizing their offices and no longer need as much room. The first sign of trouble came over the summer when iStar Financial, a real estate finance company, decided not to move into the 100,000 square feet of space that it had rented on the 36th, 37th and 38th floors. Several weeks later, Metropolitan Life Insurance, whose name is now in block letters over the tower’s front doors, quietly began shopping for tenants to sublease 100,000 square feet of its space in the building, a quarter of what it signed up for in 2006. And last month, Centerline Capital Group, a suddenly struggling commercial property finance and investment company, confirmed that it would not be moving into its 100,000 square feet of space on the third, fourth and fifth floors. The company is negotiating with the landlord, the Blackstone Group, to buy out its lease or to sublet the space, said real estate executives who have been briefed on the talks. The companies signed leases for as much as $132 a square foot, when the market was near its peak. Despite the building’s new glass skin, refurbished space and prime location at the corner of 42nd Street, many brokers say they would be lucky to get $95 a square foot today. The difference would translate into millions of dollars a year. Neither iStar nor MetLife have found any takers. For landlords and brokers, the building has become a closely watched barometer of the commercial real estate market in Midtown, where the mercury is clearly falling. Although the rents being asked have hardly moved, brokers say that landlords are providing a menu of concessions that are substantially reducing the effective price. “It’s definitely a microcosm of the last few years in the New York real estate market,” said Peter Riguardi, president of Jones Lang LaSalle, a real estate brokerage and advising company. The problems at 1095 Avenue of the Americas are not hurting Blackstone so far. The combined unused space of Centerline, MetLife and iStar accounts for roughly one-third of the 1.06 million square feet owned by Blackstone in the building, and the three companies are obligated to pay full rent even if they are unable to sublease the space. Brokers say that Blackstone would require the companies to pay dearly to break their leases. But trouble could emerge if any of the companies tumble into bankruptcy court and stopped paying rent. Other tenants seem to be staying put. Dechert L.L.P., a law firm and the first tenant to sign a lease in 2006, is moving onto floors 25 through 31, and Bank of Scotland is occupying its two floors, 34 and 35. MetLife is moving into its space at the top of the tower, even as it tries to sublease its space in the middle. And Robert Alexander, chairman of the New York office of CB Richard Ellis, the real estate brokerage for the tower, said he had pending deals for two other vacant floors, 32 and 33. “We’re signing smaller deals at premium rents, and we look forward to finishing our leasing program,” he said. Brokers familiar with the space offered by iStar, MetLife and Centerline say competition for tenants in Midtown is growing in part because there is ample renovated space available in other buildings. As a result, many companies are demanding rent concessions from landlords or are refusing to take on the cost of adding walls, carpeting and bathrooms to newly renovated space. “What’s missing right now is the demand for raw space,” said one broker, who requested anonymity because he was active at the former Verizon building and he did not want to alienate the landlords or other brokers. The building was constructed in 1974 with vertical white marble slabs and few windows to house switches and other equipment for New York Telephone, which became Verizon. In 2005, as rents and sales prices for commercial buildings were skyrocketing, the company put the tower on the market, with the exception of 234,000 square feet on Floors 6 through 12. Equity Office Properties, one of the largest commercial real estate owners in the country, won a hotly contested auction with a bid of $506 million, more than Verizon had anticipated. At the time, many analysts suggested that Equity Office had overpaid, especially after the new owner started a $250 million renovation that included replacing the marble exterior with a glass skin. Equity Office, however, was betting that the tower would lure prime tenants and generate rents as high as $90 a square foot. And it was right: Rents escalated even higher as the vacancy rate in Midtown plunged and investors clamored to buy properties. Blackstone bought Equity Office for $39 billion in early 2007, at what turned out to be the height of the market. It sold most of Equity’s New York buildings but held on to 1095 Avenue of the Americas. The firm signed leases last year with Bank of Scotland and Centerline for as much as $150 a square foot, brokers active at the tower said. MetLife’s average effective rent, for floors in the middle and at the top, is about $100 a square foot, or $40 million a year, according to real estate executives familiar with the deal. The insurance giant had moved most of its New York employees to Long Island City in 2002, where rents were as low as $30 a square foot. But in 2006, MetLife reversed course, signing a lease to move about 1,300 employees from Queens into the former Verizon building. But this year, the company reassessed how many employees were actually in the office at any one time and determined that it needed only 9 of the 12 floors it had leased in the tower. So early next year, MetLife plans to formally market three of its floors, said John Calagna, a spokesman for MetLife. Mr. Calagna said that the same number of people who moved into 1095 Avenue of the Americas two years ago, about 1,300, are now “moving to less space.”