What do you think of this project?


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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.
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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.
 

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