benboo
知名会员
- 注册
- 2003-03-15
- 消息
- 471
- 荣誉分数
- 35
- 声望点数
- 138
By Peter Kovessy, Ottawa Business Journal Staff
Fri, Dec 19, 2008 3:00 PM EST
Public Works gave Ottawa landlords and developers an early Christmas present this week by issuing a request to lease up to a whopping 3.875 million square feet of office space in the National Capital Region by 2011.
"This is the biggest requirement I've seen from the Feds this decade," says Darren Fleming of GVA Devencore, adding it could kickoff construction of a new downtown office tower.
The request for information posted online by Public Works and Government Services Canada contains four separate space requirements.
The largest calls for 2.85 million square feet of office space and an additional 70,000 square feet of storage space located in Gatineau or Ottawa, including Kanata and the far east end. To put the number in context, the massive 22-storey L'Esplanade Laurier building downtown is just under 900,000 square feet.
The only existing property that could come close to meeting this space requirement is the Nortel Campus on Carling Avenue, which is roughly 2.2 million square feet, says Mr. Fleming.
The federal government says it is open to leasing space in either an existing or a new building, but wants to commence its 15-25 year lease terms in the fall of 2011. Mr. Fleming says that is enough time to erect a new building, but just barely.
However, with proponents having only seven weeks, including the Christmas holidays, to prepare a bid ahead of the Jan. 30 2009 deadline, Mr. Fleming says he suspects the federal government already has a potential location in mind.
The next largest requirement is for between 323,000 and 377,000 square feet of office space, plus 16,000 square feet of storage space, in one or two buildings. Like the first requirement, the geographic boundaries include all of Ottawa and a large portion of Gatineau.
The other office space requirements call for more central locations.
The government is looking for between 269,000 and 377,000 square feet in the central business district bounded by Bronson Avenue and Wellington, Gloucester and Elgin streets.
This could plausibly be accommodated in Minto's new building at 180 Kent, due to open in 2009, says Mr. Fleming, or it could attract bids from one of several proponents with downtown development sites, including Morguard at Elgin and Gloucester streets, GWL Realty at O'Connor and Slater streets, or Broccolini Construction at Slater and Bank streets.
Broccolini business development manager Derek Howe says his company will likely respond to the federal request for information (RFI).
"I have not read the RFI in detail, but if there is a requirement, as I believe there is, for downtown office space, then we will submit (199 Slater St.) for sure," he says.
The fourth and final space requirement is for 269,000 square feet of office space within 600 metres of any Transitway Station between St. Laurent station in the north and east and Heron Road station in the south and west.
Mr. Fleming says this massive request for space is likely to drive rents upwards, especially if the government opts to occupy existing space over new builds.
He adds that it is curious the federal government would issue the four requirements all at once.
"They are going to pay much higher prices than if they were doing it one at a time through a competitive process," he says.
Fri, Dec 19, 2008 3:00 PM EST
Public Works gave Ottawa landlords and developers an early Christmas present this week by issuing a request to lease up to a whopping 3.875 million square feet of office space in the National Capital Region by 2011.
"This is the biggest requirement I've seen from the Feds this decade," says Darren Fleming of GVA Devencore, adding it could kickoff construction of a new downtown office tower.
The request for information posted online by Public Works and Government Services Canada contains four separate space requirements.
The largest calls for 2.85 million square feet of office space and an additional 70,000 square feet of storage space located in Gatineau or Ottawa, including Kanata and the far east end. To put the number in context, the massive 22-storey L'Esplanade Laurier building downtown is just under 900,000 square feet.
The only existing property that could come close to meeting this space requirement is the Nortel Campus on Carling Avenue, which is roughly 2.2 million square feet, says Mr. Fleming.
The federal government says it is open to leasing space in either an existing or a new building, but wants to commence its 15-25 year lease terms in the fall of 2011. Mr. Fleming says that is enough time to erect a new building, but just barely.
However, with proponents having only seven weeks, including the Christmas holidays, to prepare a bid ahead of the Jan. 30 2009 deadline, Mr. Fleming says he suspects the federal government already has a potential location in mind.
The next largest requirement is for between 323,000 and 377,000 square feet of office space, plus 16,000 square feet of storage space, in one or two buildings. Like the first requirement, the geographic boundaries include all of Ottawa and a large portion of Gatineau.
The other office space requirements call for more central locations.
The government is looking for between 269,000 and 377,000 square feet in the central business district bounded by Bronson Avenue and Wellington, Gloucester and Elgin streets.
This could plausibly be accommodated in Minto's new building at 180 Kent, due to open in 2009, says Mr. Fleming, or it could attract bids from one of several proponents with downtown development sites, including Morguard at Elgin and Gloucester streets, GWL Realty at O'Connor and Slater streets, or Broccolini Construction at Slater and Bank streets.
Broccolini business development manager Derek Howe says his company will likely respond to the federal request for information (RFI).
"I have not read the RFI in detail, but if there is a requirement, as I believe there is, for downtown office space, then we will submit (199 Slater St.) for sure," he says.
The fourth and final space requirement is for 269,000 square feet of office space within 600 metres of any Transitway Station between St. Laurent station in the north and east and Heron Road station in the south and west.
Mr. Fleming says this massive request for space is likely to drive rents upwards, especially if the government opts to occupy existing space over new builds.
He adds that it is curious the federal government would issue the four requirements all at once.
"They are going to pay much higher prices than if they were doing it one at a time through a competitive process," he says.
