Also worth mentioning is that the facades won't be "rebuilt" per se. This development came up at a recent meeting of the Historic Resource Review Panel and David Johnston, City Heritage Planner, explained that if it ever goes ahead the west and south faces will be retained in-situ, like the Pendennis Building's was. They don't want to keep encouraging less-than-accurate rebuilds.
Oh, I see. In the CBC article , which interestingly also refers to it as a project by Stantec and Limak, in that order, the picture of the south wall still seems to look quite different to me than what is there now, beyond the modifications to the bottom windows. Perhaps those pictures haven't yet been updated to reflect the most current plans.

 
Oh, I see. In the CBC article , which interestingly also refers to it as a project by Stantec and Limak, in that order, the picture of the south wall still seems to look quite different to me than what is there now, beyond the modifications to the bottom windows. Perhaps those pictures haven't yet been updated to reflect the most current plans.

Yeah, they're using one of the old pictures. @archited posted one of the more up-to-date elevations. As told to us at the HRRP, including the south facade in the revisions was the only concession Limak would give to the City — they have no intention of trying to salvage anything else:
 
Frankly, I prefer keeping the façades in-situ as much as possible since developers in Edmonton seem hell-bent on taking classic designs and turning them into non-functional dumpster fires.... like making prominent, street fronting entrances into fire exits... painting tindall stone dark gray... or bricking up windows halfway across a façade to install a cheap backlit sign.
 
Just like the last time where the guys from Montreal and Toronto were sold on our market and opportunity and then shocked when almost nothing had deposits and any firm sales. They packed up and went back home rather quickly; it was almost comical.
You often say follow the money ... in this case we don't know if there is any money.
 
Yeah, they're using one of the old pictures. @archited posted one of the more up-to-date elevations. As told to us at the HRRP, including the south facade in the revisions was the only concession Limak would give to the City — they have no intention of trying to salvage anything else:
... because Limak is such a large and reputable company the city was afraid they would move to ??? if the city wanted more concessions ... because this is on the only remaining lot in the area to develop??

Nope and nope. The city is being played here and this all could end badly.
 
... because Limak is such a large and reputable company the city was afraid they would move to ??? if the city wanted more concessions ... because this is on the only remaining lot in the area to develop??

Nope and nope. The city is being played here and this all could end badly.
Extracting as much as you possibly can from developers isn't a good way to entice new development or build affordable cities.

The tenuous business case for new construction downtown is enough of a deterrent.
 
... yet a lot of new development and construction has actually happened over the last decade downtown and after a COVID lull, it seems to be picking up again.

I feel there is an entrenched group in our business establishment that doesn't have much confidence in our city. I think the problem is too often we sell ourselves short.

I am with the former mayor who said no more crap. It can be a boom bust cycle here, but the biggest mistake is letting the desperation of the bust lead to all sorts of crap being built when things recover.

A well thought out and developed city will entice people and can be affordable.
 
What are the odds when this building gets put up for sale now with an approved rezoning in place? 4 months? 6 months? 1 year? Limak does not build things.

With a 5 year sunset clause on this zoning, with specific requirements in place in terms of maintaining the west and south facades, would another developer want to take this on unless it was relatively ready to proceed in the not too distant future?

What is the benefit for another developer to buy this now and do nothing? Is it that the value of the land would go up thereby increasing their asset? Would the value change in 5 years once the zoning reverts back?

And if there was a developer wanting to purchase this if it became for sale, and then proceed with building, is that not a win for everyone?
 
Perhaps behind the scenes that was the plan and without Katz having to life a finger...
It's an intriguing theory and actually makes a lot of sense to me. There is potential controversy and risk here at the initial stages that perhaps Katz did not want to get bogged down with.

So, if the project gets approved and it goes smoothly, Katz comes in and takes over. Having a bigger company and more resources proceed with this would make more sense plus it is right next to his big development.
 

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