[MacLac]

Langham's Falcon #3?

 

[archited]

^ makes sense...

 

[Kosy123]

View attachment 702334

This one?

I wishhhh. Cidex should snap that one up and do Hat by Strathcona but with taller towers.

 

[Greenspace]

I am aware who purchased it, not at liberty to say.

 

[bodsbods9090]

I am aware who purchased it, not at liberty to say.

Will we be happy??? That's all I care about this December afternoon!

 

[Greenspace]

Ya I think so.

 

[bodsbods9090]

Ya I think so.

Beauty!

 

[Gronk!]

I wouldn't mind seeing a live venue in that space.

 

[archited]

I am aware who purchased it, not at liberty to say.

you could just say @Avenuer said it was... blah, blah, blah...

 

[IanO]

I was really hoping someone would acquire both that site and the one to the north, consolidate both and do a cool L-shaped infill project to inject some life into a rather quiet area.

 

[IanO]

External ID
640551185-002
Job Type
Major Development Permit
Description
Other
Applicant
GEC ARCHITECTURE
Status
Intake Review
Class of Permit

Create Date
December 12, 2025
Approval Date

Location
10241 - 109 STREET NW Plan B2 Blk 8 Lot 107
Neighbourhood
DOWNTOWN

External ID
640546901-002
Job Type
Major Development Permit
Description
Other
Applicant
GEC ARCHITECTURE
Status
Intake Review
Class of Permit

Create Date
December 12, 2025
Approval Date

Location
10245 - 109 STREET NW Plan B2 Blk 8 Lot 110
Neighbourhood
DOWNTOWN

 

[IanO]

External ID
639960305-002
Job Type
Major Development Permit
Description
To operate a Centre City Temporary Parking Lot.
Applicant
1113225 B.C. LTD. (MATRIX HOTEL)
Status
Intake - More Info Requested
Class of Permit

Create Date
December 8, 2025
Approval Date

Location
10640 - 100 AVENUE NW Plan 2121945 Blk 6 Lot 52B
Neighbourhood
DOWNTOWN

 

[Gronk!]

External ID: 639960305-002
Job Type: Major Development Permit
Description: To operate a Centre City Temporary Parking Lot.
Applicant: 1113225 B.C. LTD. (MATRIX HOTEL)
Status: Intake - More Info Requested
Class of Permit

Create Date: December 8, 2025
Approval Date

Location: 10640 - 100 AVENUE NW Plan 2121945 Blk 6 Lot 52B
Neighbourhood: DOWNTOWN

Surely you jest

 

[IanO]

Pretty sure they use it now and have been for some time, this is just making it legal?

 

[policyenthusiast]

A few updates. A rent-to-own company from Ontario is coming to Edmonton, with plans to buy a large amount of our affordable homes and then sell them at a premium through a rent-to-own model. Appreciation of 5% annually is added regardless of market shifts.

A private equity fund (I think it's called Twenty8 capital) is buying up majority interests in Edmonton condo corporations which are struggling to maintain fiscal health. They can use the majority interest to force the remaining owners to sell, even at a loss. They can also dissolve the condo corporation (after liquidating the held capital) and turn it into rentals. This is mostly happening with low-rises and in Downtown, from capital being redirected out of Toronto and Vancouver, and into Edmonton and Winnipeg.

Downtown's overall market is still in a decline (or more optimistically, stable), as of Q3.

Mark my words, in 3 years we will lament the loss of the current prices you see in Edmonton's market. Many more Edmonton residents will be tenants of Ontario landlords, and it will be much harder to own a home in the City as a young professional. I am concerned, and I don't expect any legislation will come forward to stop the change on the horizon.