With five million square feet of available space across 47 office towers, downtown Toronto is becoming a tenant’s paradise - and an investor’s potential nightmare
With five million square feet of available space across 47 office towers, downtown Toronto is becoming a tenant’s paradise - and an investor’s potential nightmare
Plumbing, apparently, is one issue—residential buildings typically need much more of it than office buildings do. Not an insurmountable problem, but costs $$ to overcome.
The 2 projects I witnessed had to re-do the plumbing, electrical, elevators, fire detection/sprinklers, HVAC, and exterior glass, in addition to gutting every interior wall and doing a full asbestos removal.
It was a lot of work, over several years, but they now have full residential occupancy, so it seems to have worked out.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !canada@lemmy.ca
Plumbing, apparently, is one issue—residential buildings typically need much more of it than office buildings do. Not an insurmountable problem, but costs $$ to overcome.
The 2 projects I witnessed had to re-do the plumbing, electrical, elevators, fire detection/sprinklers, HVAC, and exterior glass, in addition to gutting every interior wall and doing a full asbestos removal.
It was a lot of work, over several years, but they now have full residential occupancy, so it seems to have worked out.