Thank you John Westley Chisholm. The allnovascotia.com edition was February 8th 2013 - "Condos Coming as Downtown Offices Empty". Andrew MacDonald, the author of the story, used only one broker at Cushman & Wakefield Atlantic. The story pointed out that tenants tend to migrate to newer stock (class A space), which the Nova Centre will contain (but only 200,000 square feet). I think that having newer class A space will tend to keep tenants in downtown Halifax instead of having them relocate to the suburbs. Also, downtown Halifax currently has a large number of condos and apartments planned, which I think will be good for the downtown core (over the past 20 years many towers in downtown Toronto have been condos and I think it has led to a more vibrant downtown Toronto).
I did a quick Google search regarding John Wesley Chisholm's post about a Cushman Wakefield report stating that the Nova Centre will push downtown vacancy rates to 20%. Instead, I found this 2013 Cushman Wakefield report which indicates modest expansionary demand growth for Halifax. Here is a link (see page 21/23 of the report) - " http://www.slideshare.net/MichaelCaplice/cushman-wakefield-2013-canadian-office-outlook " . The Cushman Wakefield report indicates that the convention centre will add 200,000 square feet of office space; hardly enough to "lead to a total collapse of the commercial real estate bubble..."
John Wesley Chisholm: Could you please provide a link to the report that you referred to?
You should get a subscription to allnovascotia.com, Tim. Allnovascotia.com has stated in a recent story that excavation will start soon. There was no mention of increased construction costs ...
I like the new progressive attitude that I see in the Halifax area. It seems as though a more progressively minded, forward thinking generation is making their voices heard. That includes support for proposals such as the Skye.
Hopefully Halifax will see many more exciting proposals in the future while still being able to maintain its heritage. Old and new can exist side by side. Halifax doesn't have to be mired in the past.
Mr. "the shadow knows": For your information, the FIFA Women's Cup only requires 10,000 permanent seats and 10,000 temporary seats. The only thing that would make the InfoCision Stadium unsuitable would be lack of backed seats.
Mr "the shadow knows" - you won't really sway people with false information intended to scare people. People aren't as stupid as you seem to think.
As you stated "Halifax's stadium will look nothing like this." Luckily most people in the Halifax-area are practically minded people.
Here is a website link to a stadium that was built for $61 million and it has luxury suites, 80,000 square feet of classroom space, and many other amenities - http://www.gozips.com/athletics/facilities… . Halifax could consider this InfoCision Stadium and cut out extras that aren't required, such as the 80,000 square feet of classroom space and luxury suites (since Halifax will probably have land costs and other servicing costs to include). It would still look better than a few current CFL stadiiums. If they still can't afford it, then just build half of it.
I am sorry, your previous article didn't state that it was awarded to a Toronto company. It was stated in a Halifax local area media source (allnovascotia.com) but not your article. Here is your previous article - http://www.thecoast.ca/RealityBites/archiv… . It was just the usual "there must be a scandal somewhere" type of article. But you didn't state that the contract was awarded to a Toronto firm. My mistake.
All Comments »
Halifax's sex secrets revealed
Halifax's best independent stores and boutiques
300+ Ways to Live Sustainably
2013 Reader Survey results
The official handbook to student life in Halifax.
Designers, stores and fashion, all locally-sourced.
The Coast's Well Being Guide
Search 100s of Halifax restaurants, bars and cafes
Interior design and home accessories in Halifax.
All the beer, all over town
The couple's guide to everything.
The best of everything Halifax has to offer.
Coast Publishing Ltd.