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•! Total Rentable Area: 550,000 sq ft
•! Mid 2016 Completion Kelly Ramsey Building
•! Total Rentable Area: 550,000 sq ft
•! Mid 2016 Completion Kelly Ramsey Building Edmonton Arena District (EAD) Edmonton Arena District (EAD) Edmonton Arena District (EAD) The City of Edmonton Consolidation Project
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HSBC Bank Place The City of Edmonton Consolidation Project
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147,361 sq ft 47% of building
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HSBC Bank Place The City of Edmonton Consolidation Project
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Scotia Place The City of Edmonton Consolidation Project
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132,179 sq ft 22% of building T%
Scotia Place The City of Edmonton Consolidation Project
CN Tower
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T% The City of Edmonton Consolidation Project
CN Tower
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90,115 sq ft Q% 37% of building
T% Tenant Consolidations Tenant Consolidations Tenant Consolidations Tenant Consolidations Projected Consolidation Effects – City of Edmonton & Kelly Ramsey -#9=.*;9=%G)*)(*$%<);9'% RYVUW%
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John Day, Owner, John Day Developments
Randy Ferguson, Chief Operating Officer, Strategic Group
Tim Hogan, Senior Vice President, WAM Development Group
Sandy McNair, President, Altus InSite
Walter Trocenko, Branch Manager of Housing & Economic Sustainability & Corporate Properties, City of Edmonton
Moderator: Cory Wosnack, Principal, Avison Young Real Estate
Sponsor:
•! Premier Klein’s cost-cutting strategy •! 6,000 provincial employees “right-sized” •! 30 months •! 1.2 Million square feet of space vacated Standard Life Centre Associated Engineering Building Scotia Place – Tower II Imperial Oil vacates 10 floors (relocate to Calgary) U of L Building 100% of the building vacated by Alberta Energy (relocate to Calgary) 9Triple8 Jasper 100% of the building vacated by Nova (relocate to Calgary) 44 Capital Boulevard AGT and ED Tel consolidate, leaving 100,000 square feet vacant Shaw Shaw moves their head office to Calgary Finning Finning moves its head office to Vancouver Hudson's Bay Company The Bay closes its doors downtown Manulife Place Phase II The Shopping Centre at Manulife II closes its doors World Trade Centre Building CIBC vacates entire building How did the market deal with it? Apartments 3 office buildings ! Apartments Hotels 3 office buildings ! Hotels Liberty Building Office building ! Condo Executive Building Office building ! Condo Cambridge Lofts Office building ! Condo Corner Point Building Office building ! Condo Condos 15 office buildings ! Condos Centennial Building Office building ! Seniors’ residence Edwards Professional Centre Office building ! Seniors’ residence Enterprise Square Former Hudson’s Bay! University of Alberta Manulife Place Phase II Former Shopping Centre! Healthcare facility (Dynalife) Boardwalk – Centre High Office space ! Centre High (75,000 sq ft) City Centre Department Store! Television & radio studios, call centre, office space Panelists John Day, Owner, John Day Developments Randy Ferguson, Chief Operating Officer, Strategic Group Tim Hogan, Senior Vice President, WAM Development Group Sandy McNair, President, Altus InSite Walter Trocenko, Branch Manager of Housing & Economic Sustainability & Corporate Properties, City of Edmonton Moderator: Cory Wosnack, Principal, Avison Young Real Estate Sponsor: