What do you think of this project?

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TAS said:
“I might build a second tower depending on how this (Falcon One) goes,” said Mostashari. “It would be identical.”

Chances seem pretty decent if Falcon is already experiencing some waiting lists on certain units.
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I find the identical word interesting. I think most would take identical to mean same height but I wonder if that was the intention above just the general look being the same.
 
Falcon will lease up quickly. There is nothing available on the north side of the river with the same quality of views/location. Eleanor is great, but luckily for Langham, it's on the other side of the river.

I think they should go much taller if hit helps the price/sq ft. 43 stories was approved already. South facing units in this location with Falcon 2 would provide one of the best views of the river valley.

If they time the second tower well they'll be the only game in town, like they kind of are with this project.

Good for Langham. I know they catch some crap on here for the architecture, but they have participated in quite the transformation of 104th to date.
 
BASE said:
I find the identical word interesting. I think most would take identical to mean same height but I wonder if that was the intention above just the general look being the same.
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I take identical to mean appearance. I had thought the second was always intended to be higher.

For what my free advise is worth, mostly the same is ok but make those balconies a bit nicer on the second one so it appears premium and then charge a bit more. :)
 
Langham has pretty much run out of room on 104th Street; I could see them moving over to land along 106th Street where they would be ideal developers for the Massey-Ferguson Building and adjacent land between 103 and 104 Aves. and the land across the street where the "North" condominium project was proposed. Those two alone would keep them preoccupied for the next decade.
 
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TAS said:
“I might build a second tower depending on how this (Falcon One) goes,” said Mostashari. “It would be identical.”

Chances seem pretty decent if Falcon is already experiencing some waiting lists on certain units.
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This does not sound promising for the second tower
 
Jack Harris said:
This does not sound promising for the second tower
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“I might build a second tower depending on how this (Falcon One) goes,” said Mostashari. “It would be identical.”

I guess that statement could be looked at as either glass half empty or full.

You have other insights regarding Falcon II or mostly basing your assessment on that developer statement?
 
TAS said:
“I might build a second tower depending on how this (Falcon One) goes,” said Mostashari. “It would be identical.”

I guess that statement could be looked at as either glass half empty or full.

You have other insights regarding Falcon II or mostly basing your assessment on that developer statement?
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statement just did not sound optimistic to me
 
If Parks Phase II goes ahead next spring as rumoured, and Stationlands Tower 2 goes ahead in Q2 2025, I really don't see why this wouldn't follow suit too tbh. At this rate, I'm hoping for a surprise announcement for a project downtown soon lol
 
Kosy123 said:
If Parks Phase II goes ahead next spring as rumoured, and Stationlands Tower 2 goes ahead in Q2 2025, I really don't see why this wouldn't follow suit too tbh. At this rate, I'm hoping for a surprise announcement for a project downtown soon lol
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Different factors at play, once Falcon 1 is stabilized Langham can get CMHC MLI Select takeout financing. Their plan depending on how much equity they can get out of the Falcon 1 building from that takeout financing will determine how much cash they can/want to put into Falcon 2. CMHC has been unpredictable to deal with and has cut back takeout financing in Edmonton and Calgary because our markets are considered "overheating" from CMHC's perspective.
 
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CaptainBL said:
Different factors at play, once Falcon 1 is stabilized Langham can get CMHC MLI Select takeout financing. Their plan depending on how much equity they can get out of the Falcon 1 building from that takeout financing will determine how much cash they can/want to put into Falcon 2. CMHC has been unpredictable to deal with and has cut back takeout financing in Edmonton and Calgary because our markets are considered "overheating" from CMHC's perspective.
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If CMHC is more concerned about overheating I would say they have a warped way of looking at things and this probably explains why this country is in the housing crisis mess it is.

People are flocking here because other places are unaffordable. If we do not build a lot here now, we will probably become unaffordable too. But hey, unaffordable is better than overheating right?
 
IanO said:
Feeling like it will be Edgar on 106 with a very dense mid-rise.

Also Westrich 108st/102.
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Do we have a page for this Edgar project you're referring to? Just curious cause I'd like to see where it is.
 
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