What do you think of this project?


  • Total voters
    53
This has been for sale before.

Really hope someone with the ability to deliver a project buys this!

Any guesses?

Westrich? Cidex? Qualico? Maclab?

Someone from outside of Edmonton?
Maclab would probably have the coffers for it, but I don't know if they have the appetite. Maybe we see a partnership?
 
I would be perfectly happy with a very standard condo/apartment building going here (standard meaning no fancy hotel partnerships or multi use office/res) . 45-60 stories, good amenities, commercial main floor, patios facing rice Howard. If teglar is incorporated, have loft style units or one bedrooms in teglar portion, and 2-3 bedrooms units in the tower. Don’t over complicate it. Would be a needed injection of eyes on the streets.

It’s an awkward lot to do a hotel on, because your lobby/valet/underground parking entrance would take up the whole main floor and hurt rice Howard rather than help. And there’s still many many lots nearby for hotel or hotel apartment.
IMG_1242.png
Probably not room for twins but would be cool.
 
And there’s still many many lots nearby for hotel or hotel apartment.
I mean, not as many hotels DT as we'd like, but I would still take it as a 40-50 story condo/rental tower with units ranging from bachelors to 3 bedrooms, too.
 
This has been for sale before.

Really hope someone with the ability to deliver a project buys this!

Any guesses?

Westrich? Cidex? Qualico? Maclab?

Someone from outside of Edmonton?
With Edmonton's trajectory these days, I would say the best you'll see is Ever Red: clapboard plus. They have got to be one of the most ghetto developers I've ever seen.
 

I know nothing about development land pricing, but 6 mil seems reasonable
 
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I know nothing about development land pricing, but 6 mil seems reasonable
It feels very reasonable, although considering how much remediation/demo work will be needed to actually develop the site, $6M is probably on the high end of realistic, and will probably be discounted if someone makes a serious proposal.
 
It feels very reasonable, although considering how much remediation/demo work will be needed to actually develop the site, $6M is probably on the high end of realistic, and will probably be discounted if someone makes a serious proposal.
Potential buyers would not be getting the nice tennis court green bare lot as shown in the picture, but I suspect most of them already realize that.
 
My guess is up at the recommendations of legal counsel to demonstrate they are trying to do something. This is not the first time if I recall this property has been listed.

As for what could go there, I’m not even obsessed with height here, great street presence with mid rise boutique type hotel with awesome amenities and I’m all in. We have lots of land to develop, this doesn’t need to be tall.
 
My guess is up at the recommendations of legal counsel to demonstrate they are trying to do something. This is not the first time if I recall this property has been listed.

As for what could go there, I’m not even obsessed with height here, great street presence with mid rise boutique type hotel with awesome amenities and I’m all in. We have lots of land to develop, this doesn’t need to be tall.
It absolutely needs to be tall. Otherwise, it'll be consumed by its surroundings and become nondescript.
 

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