What do you think of this project?

  • Total voters
    101
The Parks is getting a TON of attention with winning awards, being discussed at meetings and conventions….all over LinkedIN…..for the love of Gawd MacLab - start the next phase…

Btw, here are some pics we haven’t see before from Dialog…..

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In a related subject, Blatchford won Best New Community at the 2023 CHBA National Awards:
blatchfordedmonton.ca

Blatchford: Best New Community | 2023 CHBA Awards

Discover Blatchford wins Best New Community at 2023 CHBA Awards for innovative land use concepts, amenities, and environmental initiatives.
blatchfordedmonton.ca blatchfordedmonton.ca

😂

I digress. I love The Parks and I would like nothing more than to see Phase 2 start. The point I was trying to make (in a poor attempt at being funny) is that winning awards does not guarantee success or market acceptance. The Parks will continue once the first building is substantially leased and there is a business case to keep building...which will happen, it's just taking a little longer than we all want
 
Friendmonton said:
I was under the impression the lacklustre occupancy rate was either delaying or causing a rethink. Hope I heard wrong.
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Probably delaying, given the sunk costs on this. I'm not too concerned, ebbs and flows in Real Estate. I think they will watch closely how Westrich's buildings, etc., lease up, and then go from there, given the number of units they would be adding. Might be more in the 5-10 year timeline, depending on what absorption looks like, which, honestly, is better than a bunch of buildings sitting empty. Hard to attract businesses like Cory is attempting to do if all of them are sitting empty.

I really hope this goes ahead, given the quality (it's an outlier in our market), but the rents they have to demand to meet their pro forma are significantly higher than those of other developments.
 
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