Jump to content

      













Photo

[Downtown Victoria] CIBC Tower | 12-storeys; 48.3 meters | Built - completed in 1960's


  • Please log in to reply
58 replies to this topic

#41 Nparker

Nparker
  • Member
  • 21,572 posts

Posted 10 December 2014 - 12:33 PM

Maybe landlord tripe nets the signage fees back to other tenants? ...

LOL! Landlord "tripe". Awesome Freudian slip. :thumbsup:



#42 jklymak

jklymak
  • Member
  • 3,514 posts

Posted 10 December 2014 - 12:35 PM

Well iOS has a good sense of humour.

#43 Koru

Koru
  • Member
  • 715 posts

Posted 10 December 2014 - 12:41 PM

Given your experience in the industry, what's your take on the future of the CIBC tower? I mean it's reaching the end of its life as far as being a prime location for the sorts of businesses that want to be in centralized office towers. With Colliers jumping ship that'll leave quite a bit dent in an already (relatively) poorly leased building.

 

I can't say I'm really dialed into the Victoria market place as a whole...However my two cents anyhow

 

I don't think the building is coming to the end of its lifespan. I think there is an opportunity to re-invigorate the building and attract tenancies at a later date. The location is prime and it has something no other office development has, a standing structure already. Retrofits of medium and large office buildings are happening all over the place right now. IF/When CIBC were to put it up on the market a value focused investor/developer would likely pick it up for a very good price, put some money into it and lease it out. I can't see it being converted to Residential. A. the City won't approve that and B. it just doesn't make sense from a market perspective to me.

I don't suspect CIBC is in a huge hurry to unload it either. That building has high security in it and serves as the clearing house for ALL banks on Vancouver Island prior to cheques/money etc being shipped out.

 


  • Nparker likes this

#44 Mike K.

Mike K.
  • Administrator
  • 45,841 posts

Posted 02 March 2015 - 04:03 PM

An different twist on the brutalist CIBC.

 

What building is this.jpg


Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#45 Mike K.

Mike K.
  • Administrator
  • 45,841 posts

Posted 19 May 2015 - 06:33 PM

Workers atop the CIBC tower on May 12, 2015.

 

CIBC-Building-workers-on-roof-May-12-2015.jpg


Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#46 jonny

jonny
  • Member
  • 8,771 posts

Posted 12 May 2016 - 11:38 AM

This building appears to have at least three floors that are completely vacant.

#47 Mike K.

Mike K.
  • Administrator
  • 45,841 posts

Posted 12 May 2016 - 11:38 AM

Yes, it's losing tenants pretty quickly. Colliers could vacate an entire floor if they move to 1515 Douglas.


Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#48 Nparker

Nparker
  • Member
  • 21,572 posts

Posted 12 May 2016 - 11:43 AM

Yes, it's losing tenants pretty quickly. Colliers could vacate an entire floor if they move to 1515 Douglas.

It should probably undergo some renos to attract new tenants.



#49 thundergun

thundergun
  • Member
  • 1,118 posts
  • LocationVictoria

Posted 12 May 2016 - 12:03 PM

Or drop their rates, change their leasing model to create some cheaper office space for smaller businesses and/or startups.

Not everyone can afford new Class A, or exposed brick in old town.


  • Nparker likes this

#50 Bernard

Bernard
  • Member
  • 4,241 posts
  • LocationVictoria BC

Posted 12 May 2016 - 12:14 PM

Do new start ups want to be downtown?   There is still a fair amount of office space at UpTown to fill



#51 jonny

jonny
  • Member
  • 8,771 posts

Posted 12 May 2016 - 12:15 PM

Does this building have a parking garage?

#52 Nparker

Nparker
  • Member
  • 21,572 posts

Posted 12 May 2016 - 12:29 PM

Does this building have a parking garage?

View Street parkade is right next door.



#53 Coreyburger

Coreyburger
  • Member
  • 2,689 posts

Posted 13 May 2016 - 06:59 AM

Do new start ups want to be downtown?   There is still a fair amount of office space at UpTown to fill

 

Be interesting to see where new startups are, well, starting in Victoria. My guess would be mostly downtown, but I haven't seen any research done on the matter.



#54 Citified.ca

Citified.ca
  • Administrator
  • 1,431 posts
  • LocationVictoria, BC

Posted 04 February 2019 - 11:24 AM

Screen Shot 2019-02-04 at 10.53.36 AM.png
An artist's rendering depicting the 12-storey CIBC Tower on View Street at Douglas Street with the addition of a corporate logo for Montréal-based CGI Group.
 
Landmark office tower in downtown Victoria could soon feature two corporate logos

https://victoria.cit...orporate-logos/


Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.

#55 Bob Fugger

Bob Fugger

    Chief Factor

  • Member
  • 3,067 posts
  • LocationSouth Central CSV

Posted 04 February 2019 - 05:11 PM

Cool, someone CGI'd the CGI logo on the CIBC building.

 

EDIT:  :banana:


Edited by Bob Fugger, 04 February 2019 - 05:11 PM.

  • Mike K., Nparker and gstc84 like this

#56 aastra

aastra
  • Member
  • 14,002 posts

Posted 04 February 2019 - 05:16 PM

Has anyone else heard the rumour that T.G.I. Friday's might be going into this building?



#57 Rob Randall

Rob Randall
  • Member
  • 8,994 posts

Posted 04 February 2019 - 05:31 PM

Good Lord, no.


"[Randall's] aesthetic poll was more accurate than his political acumen"

-Tom Hawthorne, Toronto Globe and Mail


#58 AllseeingEye

AllseeingEye

    AllSeeingEye

  • Member
  • 3,593 posts
  • LocationGorge

Posted 04 February 2019 - 05:44 PM

More befitting CGI's status I suppose - they're nearly twice the size of CIBC in terms of employees and a major player on the international (IT) consulting stage and the biggest tech firm in this country. I know we have a business relationship with them. Wonder if this move means they have won other local contracts with public and/or private clients, or both.....



#59 jonny

jonny
  • Member
  • 8,771 posts

Posted 04 February 2019 - 06:57 PM

They might as well be called the Ministry of CGI.
  • Mike K. likes this

 



0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users