Altus Group has advised on a number of unique projects that cover a broad range of asset types and service a wide range of client types.
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| Canada |
| City Place |
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Prominently located on the former railway lands of Toronto’s downtown waterfront area, Concorde Adex’s CityPlace is the city’s largest planned urban community.
Altus Group has been involved with the project since 1999, continuing to provide cost consulting, realty tax and valuation service as the community expands. Services we have provided include » REALTY TAXOriginal involvement: 1999 - Realty tax reviews to secure refunds
- Assessment appeals to challenge the Municipal Property Assessment Corporation’s valuations and reclassify properties
- Including reassessment of land parcels requiring rehabilitation
- Vacancy applications with the City for rebate of taxes
COST CONSULTINGOriginal involvement: 2000 - Building efficiency studies
- Pre-tender stage and contract negotiations
- Loan Monitoring on behalf of the bank
- ongoing cost certifications, construction drawings and loan drawdowns
RESEARCH, VALUATION & ADVISORYOriginal involvement: 2004 - Land value appraisal
- Cash flow modeling (condo unit price estimates)
- Market Analysis/Optimization Studies
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| First Canadian Place |
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Located in the heart of Toronto’s financial district, First Canadian Place is a Canadian landmark. Standing 72-storeys high, the building remains Canada’s tallest office tower.
As a combined entity, Altus Group’s involvement with First Canadian Place spans 36 years.
Project involvement began in 1970, five years prior to completion of the building in 1975. Services we have provided include » COST CONSULTINGOriginal involvement: 1970 - Project and redevelopment budget reporting
- Construction logistics analysis
- Bond-financing related loan monitoring
REALTY TAXOriginal involvement: 1992 - Representation of owners on annual assessment appeals
- Tax rebate and reduction services
- Annual tax allocation schedules for tenant recovery purposes
RESEARCH, VALUATION & ADVISORYOriginal involvement: 1999
- Underwriting for mortgage bond purposes
- Annual reporting
- Lease/value sensitivity analysis
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| West Edmonton Mall |
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Spanning 48 city blocks, West Edmonton Mall is a retail and entertainment landmark. Not only is the project the world's 5th largest entertainment and shopping centre, but it is considered Alberta's number one tourist attraction. Features of the project include over 800 stores and services, more than 100 eating establishments, plus eight world-class attractions and a world-class hotel.
Altus’ involvement with project began in 1981 and has continued to evolve, meeting the project’s needs as they arise. Services we have provided include » RESEARCH, VALUATION & ADVISORYOriginal involvement: 1981 - Financing Appraisal
- Market value appraisal for international bond holders
- Market study
COST CONSULTING
Original involvement: 1984 - Development cost monitoring
- Property condition review and capital reserve analysis
- Peer review
REALTY TAX
Original involvement: 1992
- Assessment notice reversal
- Tax appeal
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| Absolute World - the “Marilyn Monroe” |
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This unique Mississauga high-rise condominium is designed to mirror Marilyn Monroe’s iconic figure. This 56-storey human shape condominium, part of a 5-tower condominium community in the heart of downtown Mississauga, borders a valley on one side and a major shopping centre on the other. The floor plate rotates 360 degrees from bottom to top. Absolute World’s two buildings are designed to compliment each other. Click here to learn more about this project » THE MANDATEWe were independently commissioned by Fernbrook to provide cost planning services on this project. Altus Group has provided the full range of services from concept cost analysis and cost planning to project monitoring. The biggest challenge of this project was the unique floor shape which rotates at each level.
THE RESULT
Once completed, the Absolute World tower will be the tallest building in Mississauga and one of the most distinctive buildings dotting the city’s skyline.
KEY DATA
- Client: Fernbrook Homes
- Industry: High rise construction
- Sector:Residential
- Architect:Yansong Ma
Absolute World 4 (The Marilyn Monroe)
- 56 storeys
- Part of a 5-tower condominium community
- 974,411 sf
- Rotating floor shape
Absolute World 5 (“masculine” structure)
- 50 storeys
- Part of a 5-tower condominium community
- 461,186 sf
- Rotating floor shape
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| China |
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| Hong Kong |
| City of Dreams Retail Mall, Macau |
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| Client : | Melco PBL Entertainment / DFS Asia Group | | Services : | Project ManagementCost Management | | Case Study : | View |
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| Four Seasons Galleria, Macau |
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| Client : | DFS Asia Group | | Services : | Project ManagementCost Management | | Case Study : | View |
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| India |
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| Singapore |
| Residential North, Puteri Harbour |
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| Client : | Limitless LLC | | Services : | Cost Management | | Case Study : | View |
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| Curtin University, Singapore Campus |
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| Client : | Navitas Limited. | | Services : | Project ManagementCost ManagementDevelopment Management | | Case Study : | View |
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| Thailand |
| W Retreat & Residences |
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| Client : | Amburaya Properties and Amburaya Residences (Koh Samui) Co., Ltd. | | Services : | Project ManagementCost Management | | Case Study : | View |
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| Siam Kempinski Hotel |
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| Client : | Kempin Siam Co., Ltd. | | Services : | Cost ManagementGlobal Procurement | | Case Study : | View |
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| United Arab Emirates |
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| United States |
| DFS Galleria Waikiki – Walk & Boutique |
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| Client : | DFS | | Services : | Project ManagementCost Management | | Case Study : | View |
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| Vietnam |
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