Not too bad of a downgrade at least. I liked the original a lottt, but this one is still solid.
 
E379A801-EBD6-4B7E-9F59-44186980E17C.jpeg
 
So this builder is going through a broker to find buyers too. That makes half a dozen or so builders that are going that route.

I don't know. If I am an out-of-town investor how do I make sure my investment is being looked after? I am not in Calgary to manage the rental process of my unit or participate in building board meetings. Who is looking after my investment from a distance? Seems a bit risky to me.
 
I've missed the updated rendering. If it was originally proposed as it is I'd be fine with it but what VE'd disaster this is... I was excited for this one, someone building something different. Then we get this. Can't say I'll be giving this one much attention going forward.
 
MichaelS said:
This project can be yours for the low, low price of only $42 Million ($336,000 per door, which I don't think is that bad, but am not sure):

Real Capital Markets

my.rcm1.com my.rcm1.com

And some current construction pictures in the listing as well:
View attachment 426643


View attachment 426645
Click to expand...
These photos really give a taste of just how big this project actually is relative to the rest of the area. 125 units is a substantial boost in supply for the area overall, but it's even more impactful is it's on the western edge of the mid-density areas of Bankview. Everything to the west and south is the posh, infill areas of lower intensity - there's no larger single building further west of this area in a surprising number of directions for a surprisingly far distance.

I don't believe there's a single building with more units in a broad west-southwest direction from Bow Trail to the Glenmore reservoir:
  • larger than the 10-storey Casel tower (56 units) built in the 2010s on 17 Ave & 24 Street SW
  • larger than the 10-storey Truman 17 West project a bit further west along (~102 units)
  • It's a bit smaller than one of the Encore Tower at Westbrook (smallest at 18 storeys and ~150 units)
  • To the south, there may be a few blocks in Marda Loop, Currie or around MRU that are similar or larger scale, but not many with more units a single project.
  • West of Sarcee Trail there's a few spots of larger towers, such as Truman's West District
The hillside location really goes a long way to minimize the visual impact of the building. I really wish they added a retail unit in here or elsewhere along 26 Avenue as the density continues to build westward. It's a perfect corridor for some local-scaled small shops and cafes if the population keeps growing.
 
CBBarnett said:
These photos really give a taste of just how big this project actually is relative to the rest of the area. 125 units is a substantial boost in supply for the area overall, but it's even more impactful is it's on the western edge of the mid-density areas of Bankview. Everything to the west and south is the posh, infill areas of lower intensity - there's no larger single building further west of this area in a surprising number of directions for a surprisingly far distance.

I don't believe there's a single building with more units in a broad west-southwest direction from Bow Trail to the Glenmore reservoir:
  • larger than the 10-storey Casel tower (56 units) built in the 2010s on 17 Ave & 24 Street SW
  • larger than the 10-storey Truman 17 West project a bit further west along (~102 units)
  • It's a bit smaller than one of the Encore Tower at Westbrook (smallest at 18 storeys and ~150 units)
  • To the south, there may be a few blocks in Marda Loop, Currie or around MRU that are similar or larger scale, but not many with more units a single project.
  • West of Sarcee Trail there's a few spots of larger towers, such as Truman's West District
The hillside location really goes a long way to minimize the visual impact of the building. I really wish they added a retail unit in here or elsewhere along 26 Avenue as the density continues to build westward. It's a perfect corridor for some local-scaled small shops and cafes if the population keeps growing.
Click to expand...
👏BRING! 👏BACK! THE 👏SOUTH! 👏CALGARY! 👏STREET! 👏CAR! 👏LOOP!
 
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