Comment 74211

By RenaissanceWatcher (registered) | Posted February 11, 2012 at 14:46:06

An article by Daniel Nolan titled “Board HQ mimics plan from Mohawk “ on thespec.com on Jan 25/12 notes that the proposed new headquarters at the Crestwood site would total 113,500 sq. ft. and cost $31.6 Million to build: http://www.thespec.com/news/local/articl...

The website linked below indicates that floors 18 through 24 of the Stelco Tower, which together would total 118,902 sq. ft., are currently available to lease from Yale Properties at a base rent of $13.25 per sq. ft. http://www.realpropertieslimited.com/ham...

One would surmise that the owner of Yale Properties would do as much as it can to attract the Hamilton-Wentworth District School Board to sign a long-term lease for seven floors of its Stelco Tower property. Surely it would be worth a few exploratory meetings to see whether a mutually beneficial arrangement is possible.

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