[degrandprix]

Just the announcement of the sale? This is the news we were all waiting on for two weeks?! Sigh.. Meanwhile, I heard Fairmont just announced they’re planning on building a new DT Calgary hotel.

Maybe not, Dubas & Didama haven't posted here yet.

 

[MacLac]

Yup, it's in the video, "35 storey residential tower......"

https://www.cbc.ca/player/play/video/9.7059212

 

[Kosy123]

Indigenous communities are usually pretty fast and committed to development, so this is actually quite good news.

 

[yeggator]

Indigenous communities are usually pretty fast and committed to development, so this is actually quite good news.

Yeah, Enoch has been setting a good example so far with the River Cree expansion.

 

[Kosy123]

Yeah, Enoch has been setting a good example so far with the River Cree expansion.

Them and the Squamish with that waterfront Vancouver project. Curious to see if they’re going to proceed asap here.

 

[husky]

Well that was a bit out of left field. Interesting that they are not local too, so they must see some ROI on the asset which is good. Interested to see the plans/timing of the residential tower.

 

[Kosy123]

Well that was a bit out of left field. Interesting that they are not local too, so they must see some ROI on the asset which is good. Interested to see the plans/timing of the residential tower.

I mean we’ve heard time and time again that institutional investors stay away from investing in Edmonton. So if our solution is to get new and interesting non-local investors who want to take a chance here then why not.

I’m bullish on downtown Edmonton so maybe they see something others don’t.

 

[Oilguy]

I mean we’ve heard time and time again that institutional investors stay away from investing in Edmonton. So if our solution is to get new and interesting non-local investors who want to take a chance here then why not.

I’m bullish on downtown Edmonton so maybe they see something others don’t.

Wish I could like this post 1000 times. Build partnerships and relationships with other parties, stop chasing the money that has never ever wanted to be here.

 

[Avenuer]

Guess we will see how quickly they want to move on the tower portion now, hopefully soon!

 

[air_ic]

I wonder if the sale also includes the square parcel of land facing 104 st. That would be a good spot to put a new hotel.

 

[EdmTrekker]

Anyone know the sale price?

 

[Dubas]

Tower is not far behind.

 

[Vijay19]

Proposed tower height of 35 stories is much better than the previously planned 16 story box, but I’ll believe it when I see it.

 

[MacLac]

Anyone know the sale price?

$65M as per the CBC article.

 

[archited]

^ Pocket Change!