NicolBolas
Active Member
If it goes ahead it's one of the more compelling developments downtown.
- Thread starter Daveography
- Start date
ForestedImagination
New Member
With the renderings for Falcon 2 and Connect Centre tower just out, I wonder if Maclab will want to make a move on this one some point soon...
IanO
Superstar
Genuinely curious when we will see phase 2.
MacLac
Senior Member
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…..
Btw, here are some pics we haven’t see before from Dialog…..
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strata
Active Member
In a related subject, Blatchford won Best New Community at the 2023 CHBA National Awards:
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
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
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
MacLac
Senior Member
Free publicity Ian from Cory…….
IanO
Superstar
Exciting times.
whattheheck
Active Member
The elegance of this building it great. From multiple angles. This tower will age gracefully. The city should work with the developer to see what can be done to get the second tower going. (outside of blatant taxpayer subsidies)
ForestedImagination
New Member
That Money Mart on 108th & Jasper is now closed and moving. Maybe a sign of things to come...?
MacLac
Senior Member
Whose left before the wrecking ball shows up?
Gronk!
Senior Member
Inasal Grill Avenue also needs to move out.
Friendmonton
Active Member
I was under the impression the lacklustre occupancy rate was either delaying or causing a rethink. Hope I heard wrong.
IanO
Superstar
JMatt88
Active Member
April Fools? AI generated to be April Fools?
inclusion
Active Member
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.