Samuel Dean Western Canada Multifamily, JLLSenior Vice President,


JLL Capital Markets, Multifamily is excited to announce the successful off-market sale of the Affordable Storage Lands located in Edmonton's downtown core. The Site sits adjacent to ICE District, and is within walking distance to Loblaws City Market, Central Business District, Edmonton City Centre Mall, MacEwan University, and the Arts District.

The Site is approximately 30,000 sq. ft. of future development land. The Site has been rezoned from Heritage Area Zone (HA) to Direct Development Control (DC1).

Congratulations to all parties involved! #JLL #multifamily #YEG
 
Meanwhile, construction of the new Affordable Storage building has been moving slower than a Gene Dub project.

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Samuel Dean Western Canada Multifamily, JLLSenior Vice President,

JLL Capital Markets, Multifamily is excited to announce the successful off-market sale of the Affordable Storage Lands located in Edmonton's downtown core. The Site sits adjacent to ICE District, and is within walking distance to Loblaws City Market, Central Business District, Edmonton City Centre Mall, MacEwan University, and the Arts District.

The Site is approximately 30,000 sq. ft. of future development land. The Site has been rezoned from Heritage Area Zone (HA) to Direct Development Control (DC1).

Congratulations to all parties involved! #JLL #multifamily #YEG
This is the sale to Westrich
 
To be fair, I still have my storage (old books, maps, comics, CDs, videos, etc.) secured at this location courtesy of River City Storage. That said, I don't mind at all if they vacate this building and move everything to the new Affordable Storage building near Unity Square once they open later this year.
 
Is this the exciting announcement promised to be "coming soon" by Westrich?
So back to storage for now? At least the sign looks nice(r). IMO this would be a great building to be redeveloped into upscale lofts, like the nearby Phillips building and several other old warehouses in the warehouse district were a few decades ago.

So the historic building could then be preserved and perhaps even enhanced. This also seems to happen a lot in other cities, but maybe Edmonton just lacks the vision here and right now.
 

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