- Thread starter Surrealplaces
- Start date
trtcttc
Senior Member
Most of this seems to rehash stuff that was already announced but good to see they’re seeing more activity. Now we just need more of these projects to start!
globalnews.ca
East Village bounces back as private investment returns: CMLC - Calgary | Globalnews.ca
East Village developer CMLC says after some troubling times, investors are back buying into Calgary’s unique vision of downtown living.
globalnews.ca
Albertasaurus
Senior Member
Interested to see what One Properties' plans are.
Mountain Man
Senior Member
Minto does decent stuff too.
MichaelS
Senior Member
We have a bit of a preview on the Minto one:
calgary.skyrisecities.com
I have heard East Village is a lower priority for One Properties though. Who knows how long it will be before we see something from them. Also reading that article, it sounds like the deal with Hines fell apart on the Riff Block.
Vita | 24m | 7s | Minto
It looks like Minto is launching an East Village project. I have no idea how accurate this image is, no application has been made, but the project is being marketed to investors in Ontario by the looks of things: https://myinvestmentbrokers.com/projects/east-village/
I have heard East Village is a lower priority for One Properties though. Who knows how long it will be before we see something from them. Also reading that article, it sounds like the deal with Hines fell apart on the Riff Block.
Mountain Man
Senior Member
Riff block is still the part I'm most looking forward to. Once that happens and there is more of a destination in EV, things should move quickly.
Albertasaurus
Senior Member
I wonder if Minto will "value engineer" their project down to a more conventional 6 storey wood frame? That proposal looks great but I could see it being expensive to build...
trtcttc
Senior Member
This may belong in a different thread but what are people's opinions on why there hasn't been a lot of retail growth for the record population growth we're seeing? UD seems to be the only one the last few years.
I would chalk it up to the aftereffects of the COVID era. More people started shopping online, and inflation and stalled wages led to less consumer spending. And for EV specifically, the street life in that part of downtown made it less desirable.
ByeByeBaby
Active Member
I disagree with your premise, but I've replied in a different thread:
Calgary Retail Thread
https://renx.ca/good-news-retail-cre-owners-retail-demand-outstrips-supply Retail sales seem to be going strong in Calgary. Despite inflation and higher interest rates, retail seems to be busy as ever. Malls are busy, restaurants and pubs are busy. Even the +15s seem busy. I thought the +15...
Beltline_B
Senior Member
Looks like marketing for Calgary condos isn’t limited to just Toronto or Vancouver investors.
trtcttc
Senior Member
Wouldn’t surprise me if that’s just their Vancouver marketing material
Mountain Man
Senior Member
trtcttc
Senior Member
I get the concern with the Drop in, but it's surprising that Bosa still has 37 unsold units 2 and a half years after construction finished. These aren't priced very high, it's facing the SW side away from the DIC, steps from BVC/Library/City Hall station and has a grocery store in the complex.
DiscoStu
Senior Member
At some point, the prices will get low enough where you'll incentivize those final sales...but clearly it hasn't met that threshold if there are still so many units left. Arris may not face the DI directly, but it's still in the epicentre of the worst of Calgary. Thinking at it from a buyer's point of view, there's quite a large demographic that just views it as too much of a risk regardless of the cost...ie. women, people with kids, seniors. The only one who may be semi-comfortable around that type of environment would be younger dudes, or people who are really in need of a deal. But when there are much better alternatives, it can't just be priced "not very high"....it's gotta be dirt cheap.