Urban Sites’ Post

At a vacant lot in an existing corporate campus in Etobicoke, the plans for a modern, 12-storey office building, appear to have been scrapped, reported Storeys. "The site of the intended build by Starlight Investments is now listed for sale, with little word on why the proposed development did not progress." "In 2018, the proposal put forth by Starlight, alongside Sweeny&Co Architects Inc., was for a 200,000-sq.-ft, mid-rise office building at 181 The West Mall. The proposed glass structure was intended to sit atop four distinct columns with a raised lobby set to be surrounded by intricate landscaping. The blueprints also allotted space for retail, which would have likely housed a convenience store or cafe." "The new office building would have brought added business to shops in the area, like the nearby Sherway Gardens Mall. Additionally, there was a plan to construct an internal road between the new workspace and the three existing buildings in the West Metro Corporate Centre, improving the surrounding infrastructure." https://lnkd.in/gtgAW4pz #office #developmentsite #sale

🌆 Hines Lists Chicago Timber Project for Sale Due to Soft Office Market 💰Hines has put its T3 Goose Island project in Chicago up for sale, highlighting the challenges faced in today’s soft office market. Initially announced in 2017, the T3 Goose Island project was set to be a groundbreaking six-story, 270,000-square-foot heavy timber office development—the first of its kind in Chicago since the 1800s. 🪵However, after seven years of planning and collaboration with the Ciral family, the owners of a historic lumber yard, the project has stalled due to difficulties in securing an anchor tenant, rising construction costs, and the lasting impacts of the pandemic. 🔍 Why This Matters: 1️⃣ Market Challenges: The difficulties encountered by Hines serve as a reflection of broader trends in the commercial real estate sector, where demand for office space has fluctuated dramatically in the wake of the pandemic. This situation underscores the importance of adaptability in project planning and execution. 2️⃣ Shift to Mass Timber: Hines has been pivoting towards mass timber to de-risk its portfolio. By focusing on smaller, quicker-to-complete projects, the company aims to respond more effectively to market demands and tenant needs. This approach speeds up development timelines and leverages the sustainability benefits associated with timber construction. 3️⃣ Lessons from the Past: Hines found that older timber-based buildings retain tenants even in challenging market conditions. This insight has led to the belief that modern timber buildings, enhanced with amenities, could attract a new segment of tenants seeking flexible and aesthetically pleasing workspaces. 🔗 To learn more about the challenges faced by Hines and the T3 Goose Island project, read the full article here: https://lnkd.in/d4a4HEhz 🗣️ #questionforgroup: What strategies do you think developers should adopt to adapt to the changing dynamics of the office market? How can mass timber play a role in this transformation? Share your thoughts below! Mass Timber Focus Group #commercialrealestate #masstimber #hines #masstimberconstruction #woodcentral #sustainability #realestate #officebuildings #woodworks #hines #crosslaminatedtimber #construction #engineering #architecture

🌆 Hines Lists Chicago Timber Project for Sale Due to Soft Office Market 💰Hines has put its T3 Goose Island project in Chicago up for sale, highlighting the challenges faced in today’s soft office market. Initially announced in 2017, the T3 Goose Island project was set to be a groundbreaking six-story, 270,000-square-foot heavy timber office development—the first of its kind in Chicago since the 1800s. 🪵However, after seven years of planning and collaboration with the Ciral family, the owners of a historic lumber yard, the project has stalled due to difficulties in securing an anchor tenant, rising construction costs, and the lasting impacts of the pandemic. 🔍 Why This Matters: 1️⃣ Market Challenges: The difficulties encountered by Hines serve as a reflection of broader trends in the commercial real estate sector, where demand for office space has fluctuated dramatically in the wake of the pandemic. This situation underscores the importance of adaptability in project planning and execution. 2️⃣ Shift to Mass Timber: Hines has been pivoting towards mass timber to de-risk its portfolio. By focusing on smaller, quicker-to-complete projects, the company aims to respond more effectively to market demands and tenant needs. This approach speeds up development timelines and leverages the sustainability benefits associated with timber construction. 3️⃣ Lessons from the Past: Hines found that older timber-based buildings retain tenants even in challenging market conditions. This insight has led to the belief that modern timber buildings, enhanced with amenities, could attract a new segment of tenants seeking flexible and aesthetically pleasing workspaces. 🔗 To learn more about the challenges faced by Hines and the T3 Goose Island project, read the full article here: https://lnkd.in/dNsqDybA 🗣️ #questionforgroup: What strategies do you think developers should adopt to adapt to the changing dynamics of the office market? How can mass timber play a role in this transformation? Share your thoughts below! #commercialrealestate #masstimber #hines #masstimberconstruction #woodcentral #sustainability #realestate #officebuildings #woodworks #hines #crosslaminatedtimber #construction #engineering #architecture

For Sale: Exclusive 20,000 SF Class A Office Building – A Rare Trophy Asset Seize the opportunity to own an iconic Class A office building featuring 20,000 square feet of high-end, custom-designed space. This property is not just an investment—it's a symbol of success in commercial real estate. Landmark Visibility This custom brick building with striking architectural windows is unmissable. Located in a high-traffic area, it serves as a landmark, boosting visibility and brand presence for tenants. Prime Occupancy with Minimal Vacancy With only one small vacancy, this nearly fully occupied property promises stability and income. The available space offers extra income potential or an opportunity for an owner-occupier. Established, Long-Term Tenants Reputable medical practices and professional offices have called this property home for years, providing steady revenue and low turnover risk. Smart Investment Opportunity High visibility, premium tenants, and stable occupancy make this property a valuable addition to any portfolio, combining capital appreciation with rental stability. Premium Amenities and Design The building’s quality finishes, comfortable lobbies, conference rooms, and ample parking create a professional atmosphere ideal for high-end tenants. Ideal for Investors or Owner-Occupiers This building suits both investors and business owners seeking a prestigious, low-maintenance asset with high visibility. Schedule a Private Showing Today Don’t miss this chance to own a trophy office building that exemplifies excellence in commercial real estate. Contact us today to schedule a private tour. Own success. Invest in a legacy.

Constructing a Class A office space in Florida, involves careful planning and execution to meet each neighborhood's unique characteristics and demands. Class A offices are elevated in every way. Whether you are upgrading an existing office property or building one new from the ground up, be sure your construction and design plans include the following features and amenities:   - HVAC upgrades – Although a behind-the-scenes feature, an efficient HVAC system can reduce energy expenses, maintain consistent indoor comfort and improve air quality.   - Elevator systems – Quality and capacity are considerations to keep in mind when evaluating elevator systems for your Class A office.   - High-end finishes – Details matter. Opt for the best in material goods and finishes for your Coconut Grove office. You should also consider emphasizing a design that blends with Coconut Grove's historic charm and natural surroundings.   - Security and technology capabilities – Invest in state-of-the-art technology and equipment.   - A full suite of amenities – Ensure space for concierge services, security staff, a fitness center, lounges, dining opportunities, childcare, and other amenities important to your employees.   - Parking – Adequate parking is a must. Valet services should also be considered.

🌆 Hines Lists Chicago Timber Project for Sale Due to Soft Office Market 💰Hines has put its T3 Goose Island project in Chicago up for sale, highlighting the challenges faced in today’s soft office market. Initially announced in 2017, the T3 Goose Island project was set to be a groundbreaking six-story, 270,000-square-foot heavy timber office development—the first of its kind in Chicago since the 1800s. 🪵However, after seven years of planning and collaboration with the Ciral family, the owners of a historic lumber yard, the project has stalled due to difficulties in securing an anchor tenant, rising construction costs, and the lasting impacts of the pandemic. 🔍 Why This Matters: 1️⃣ Market Challenges: The difficulties encountered by Hines serve as a reflection of broader trends in the commercial real estate sector, where demand for office space has fluctuated dramatically in the wake of the pandemic. This situation underscores the importance of adaptability in project planning and execution. 2️⃣ Shift to Mass Timber: Hines has been pivoting towards mass timber to de-risk its portfolio. By focusing on smaller, quicker-to-complete projects, the company aims to respond more effectively to market demands and tenant needs. This approach speeds up development timelines and leverages the sustainability benefits associated with timber construction. 3️⃣ Lessons from the Past: Hines found that older timber-based buildings retain tenants even in challenging market conditions. This insight has led to the belief that modern timber buildings, enhanced with amenities, could attract a new segment of tenants seeking flexible and aesthetically pleasing workspaces. 🔗 To learn more about the challenges faced by Hines and the T3 Goose Island project, read the full article here: https://lnkd.in/gAeYnCBG 🗣️ #questionforgroup: What strategies do you think developers should adopt to adapt to the changing dynamics of the office market? How can mass timber play a role in this transformation? Share your thoughts below! #commercialrealestate #masstimber #hines #masstimberconstruction #woodcentral #sustainability #realestate #officebuildings #woodworks #hines #crosslaminatedtimber #construction #engineering #architecture

The money quote: “The costs can reach $200 to $400 per square foot, according to industry estimates — about the same as constructing a new building." What a mess! We need to think outside the box here, because: 1. Residential conversions won’t work to the scale needed 2. We simply cannot afford to let these buildings stay vacant. Hive mind: What are some innovative examples of adaptive reuses you’ve seen for office buildings?

Modular construction is revolutionizing the way that offices are designed and built. Landlords benefit from reduced downtime and occupiers with adaptable spaces for organizational changes. Besides, it minimizes environmental impact. Transforming offices into dynamic, adaptable spaces shifts people away from perceptioning them as static and unchanging, enhancing efficiency, comfort, and attendance. #designandbuild #office #workplace #modular #furniture

• Office Conversions: Converting vacant office buildings to apartments, hotels, or retail spaces is a major focus at the AIA conference. • Design Challenges: Large office floor plates pose difficulties for residential conversions due to the need for windows in every bedroom. • Sustainability: Topics include sustainable building materials and environmentally friendly renovation methods.

HAPPY NEW MONTH! OMNITURM TOWER IN GERMANY HAS SOLVED THE PROBLEM OF SKYSCRAPERs office space VACANCY. Omniturm is the first type of skyscraper in Germany with multi-uses. It could be used as a blue-print not only for future skyscrapers, but for the thousands of skyscrapers that are already existing today. In this skyscraper offices could be come apartments or hotels whatever is required of it. It an efficient and incredibly use of space, and thats how Omniturm has been design. How did Omniturm tower solved the problem of unprecedented vacancy 👇 1- The elevator system: The elevator shaft in Omniturm are different. They are design as part of an approach Schindle has caleve Schindle Metacore. Its essentially a system that minimises efficiency from the moment someone enters into the building. Omniturm uses the elevator shaft for both its offices and apartments. Using a digital network the elevator visists both lobbies and can serve every floor. 2-It would be good to build a multipurpose use building that means its not only commercial space here or office. In this case, its additionally apartments.                             3- Building new residential towers and focusing more on science and retails instead of purely commercial Our buildings should adapt to suit us, not us to suit them.