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Old May 23rd, 2009, 01:34 AM   #21
AmericanSkyscraper22
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I agree , i just want someone to tell me where this project is right now
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Old May 23rd, 2009, 05:18 AM   #22
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Quote:
Originally Posted by AmericanSkyscraper22 View Post
I agree , i just want someone to tell me where this project is right now
Its beside the twin towers ( Bankers Hall) and beside the husky towers.Basicly its a hole avenue of twin towers (if the second one gets build)
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Old May 23rd, 2009, 04:00 PM   #23
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But have they began construction?
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Old May 23rd, 2009, 06:14 PM   #24
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But have they began construction?
Yes they have, they are building 1 floor per week ( average). I expect to see it topped out next may or june.But still construction is very slow and it could be on hold anytime.
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Old May 23rd, 2009, 07:55 PM   #25
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thanks for the update do you know what floor they're on?
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Old May 23rd, 2009, 08:41 PM   #26
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Quote:
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thanks for the update do you know what floor they're on?
Floor 3
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Old May 24th, 2009, 12:23 AM   #27
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so its only been above ground for 3 weeks?
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Old May 24th, 2009, 12:28 AM   #28
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Quote:
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so its only been above ground for 3 weeks?
yes
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Old May 24th, 2009, 12:30 AM   #29
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but they are building the core 1st so in july they will start building the levels.the core is floor 3
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Old May 24th, 2009, 12:36 AM   #30
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oooooooooooo thanks
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Old June 1st, 2009, 04:08 AM   #31
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is it above ground? if so, can someone take some pics?
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Old June 5th, 2009, 12:36 AM   #32
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any news or updates?
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Old August 29th, 2009, 08:03 AM   #33
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Old August 29th, 2009, 02:26 PM   #34
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Great to see it being erected.
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Old August 29th, 2009, 05:10 PM   #35
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I love to watch it grow and the whole project. Both towers are truly beautiful and I am sure they will become the signatures and famous landmarks of Calgary's skyline.

Hopefully, before 2012 there will be even a 80 storey building or higher built in the city as well.
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Old August 29th, 2009, 05:27 PM   #36
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Liking the shape (:
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Old August 29th, 2009, 05:53 PM   #37
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Project costs fall 9 per cent
Calgary Construction Prices Slide

26 August 2009
Calgary Herald

It's cheaper to build major construction projects in Calgary than it was a year ago.

During the boom years, huge projects in the province had a difficult time finishing within budget because of escalating costs.

But economist Dan Sumner, with ATB Financial in Calgary, said recent Statistics Canada data show that trend has reversed.

"With the recession-associated reduction in demand, the cost of building an office tower, factory or hospital in Alberta is now more reasonable," said Sumner.

Non-residential construction prices were 13.5 per cent lower year-over-year in Edmonton as of the second quarter of this year and nine per cent lower in Calgary.

"Like energy prices, construction costs soared in the first half of last year," explained Sumner, "but after peaking in the third quarter, costs have fallen markedly as prices for everything from steel to cement and even skilled labour have softened.

"The recession may have also removed some of the urgency in terms of completion times for large projects, which means that companies are not forced to pay workers overtime to rush and get buildings completed."

According to Greg Kwong, regional managing director for CB Richard Ellis Ltd. in Calgary, there are 5.28 million square feet of downtown office space under construction as well as 1.73 million square feet in the suburban office market, 806,173 square feet in the industrial real estate market and 836,908 square feet in the retail market.

The biggest chunk of the downtown office space is from The Bow tower, with two million square feet, and Eighth Avenue Place, with more than one million square feet.

The Bow is 100 per cent pre-leased to EnCana Corp., while Eighth Avenue Place has no pre-leasing in place.

"The nine per cent drop (in construction costs in Calgary) is certainly good news for developers, but the bigger concern is, where's the demand to build new projects?" said Kwong.

Land costs and consulting fees are also factors in the real estate development industry, said Richard Pootmans, business development manager for real estate for Calgary Economic Development.

Until demand for industrial real estate picks up, there won't be much incentive for developers to take advantage of the lower costs, said Pootmans.

Materials, labour soften in downturn

"Lower construction costs will not be the driver to see more industrial building in the city," Pootmans said.

Sumner said that although Calgary and Edmonton construction costs have fallen compared with a year ago, relative to where they were in 2002 their rate of increase has been the highest in the country. Construction worth $100 in 2002 now costs $164 in Calgary and $151 in Edmonton, he said.

This compares with $134 in Montreal and $139 in Vancouver.

"Non-residential construction is a lagging indicator," added Sumner. "Considering commodity prices have remained stable recently and that economic recovery may be slow, construction costs may be set to fall further this summer."
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Old September 6th, 2009, 01:00 AM   #38
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can't wait to see them
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Old September 6th, 2009, 01:20 AM   #39
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Calgary has a nice skyline, but too many twin towers in my opinion.
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Old September 6th, 2009, 01:57 AM   #40
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[IMG]http://i26.************/xd9xg0.jpg[/IMG]
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