2016 Apr7 PDF2 Hullmark

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BILD High-Rise Forum April 7, 2016 Thank you to our Corporate Sponsors!

BILD FORUM – SIX STOREY WOOD CONSTRUCTION

OFFICE DEVELOPMENT PERSPECTIVE • Why Brick and Beam Space in the First Place?

545 King W King West

OFFICE DEVELOPMENT PERSPECTIVE • Availability of this stock is diminishing. Demand for this unique space will only grow • Attracts a certain class and demographic of tenant • Offers a different quality of space • Tells a story of Toronto’s history

WHY DEVELOP & BUILD HEAVY TIMBER OFFICE? Availability of this stock is diminishing Attracts a certain class and demographic of tenant Offers a different quality of space Offers improved building efficiencies Offers a tenant to influence design of their space in preconstruction phase • Blend of new and old? • • • • •

CAUTIONS • Heavy Timber is not an ‘affordable’ alternative • Everyone is still learning (developers, designers, constructors) • There are structural limitations i.e. penetrations, special loading requirements • ‘Shrink wrapping’ problematic • Municipal loading requirements • Hard to design significant building articulation • Emerging conflict with existing municipal policy against OBC • We have yet to see how well our trades can perform