Ummagumma66
Active Member
here are the photos of Calgary's "The BOW" Encana's new headquarters, these are after the massive pour that was the 3rd largest on a commercial project in the world, all photos by me (ummagumma66)
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The BOW: after the pour
- Thread starter Ummagumma66
- Start date
EnviroTO
Senior Member
Are they using some new construction method? Why is this the 3rd largest pour in the world when there have been so many larger projects and buildings?
Edward
Senior Member
That's what I'm wondering as well. Why did it have to be one pour?
Ummagumma66
Active Member
I dunno why it was a single continous pour, thing is Calgary dosent have bedrock (thats close to the surface) so there needs to be a raft poured, so appearently the Howard Hughes Center in L.A. and the Al Durrah Tower in Dubai.
allabootmatt
Senior Member
Looks to be the beginning of a suitably grandiose HQ for our very own Gazprom 
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Except Encana is now planning to split itself into two companies.
urbandreamer
recession proof
Maybe Toronto gets one of them?
Hey, has any construction "pour" gone wrong? As in, oops we screwed up we'll have to redo it?
Hey, has any construction "pour" gone wrong? As in, oops we screwed up we'll have to redo it?
Sure has. At the WTC site they recently had to redo parts as the concrete used wasn't strong enough.
Ummagumma66
Active Member
Encana will continue to operate out of the Bow, and as far as I know the pour wen't off without a hitch, they are now working on the 6 ave bridge, once that is done I can see the Bow really taking off.
Edward
Senior Member
Any updates? Have they hit street level yet?
Kitsune
Senior Member
There at street and some parts of the super structure are above street level as well.
Update time!
Prometheus The Supremo
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did anyone else think this thread was about james bow before they opened it?
PukeGreen
Active Member
I actually thought it was about how they pour a good pint at the Bow & Arrow pub.
androiduk
Senior Member
From today's Financial Post.
H&R Real Estate Investment Trust needs to cut its distribution in half to pay for the development of EnCana Corp.’s new headquarters in Calgary, according to RBC Capital Markets analysts Neil Downey.
Called The Bow, the $1.4-billion project in Calgary sill requires $1.1-billion in funding. “H&R has $350-million of liquidity. This suggests a construction loan off $800-million is need to finish the project,†said Mr. Downey.
H&R has said in the past it is looking for equity partners but so far none have emerged. Mr. Downey said the REIT will only be able to come up with $500-million of financing, leaving it $300-million short.
The analyst says that if the REIT cuts its distribution it will result in $100-million in savings annually or $300-million over the three years it will take to build the project.
“In light of the current unit price and dysfunctional financing in property investment markets, it appears that the internally generated and retained cash flow is the lowest-cost source of funds available to the REIT,†said Mr. Downey.
He believes H&R REIT needs to go ahead with project because the economic consequences of not going ahead would be worse. That said, the market value of the building will end up being less than total construction costs,, said Mr. Downey.
The analyst reduced his 12-month target price on the REIT to $10 from $19.25.
Garry Marr
H&R Real Estate Investment Trust needs to cut its distribution in half to pay for the development of EnCana Corp.’s new headquarters in Calgary, according to RBC Capital Markets analysts Neil Downey.
Called The Bow, the $1.4-billion project in Calgary sill requires $1.1-billion in funding. “H&R has $350-million of liquidity. This suggests a construction loan off $800-million is need to finish the project,†said Mr. Downey.
H&R has said in the past it is looking for equity partners but so far none have emerged. Mr. Downey said the REIT will only be able to come up with $500-million of financing, leaving it $300-million short.
The analyst says that if the REIT cuts its distribution it will result in $100-million in savings annually or $300-million over the three years it will take to build the project.
“In light of the current unit price and dysfunctional financing in property investment markets, it appears that the internally generated and retained cash flow is the lowest-cost source of funds available to the REIT,†said Mr. Downey.
He believes H&R REIT needs to go ahead with project because the economic consequences of not going ahead would be worse. That said, the market value of the building will end up being less than total construction costs,, said Mr. Downey.
The analyst reduced his 12-month target price on the REIT to $10 from $19.25.
Garry Marr