Let's see what HSEA produces....

The vast majority of new suburban neighbourhoods develop low density housing first (singles, semi-detached, and townhomes) and then you see the higher density built forms and commercial as population increases. Larger multi-family sites can remain undeveloped for many years.

I had no idea this was a mixed use building. I always thought it was another office/retail building and was confused as to why they were building such a small parkade.

This is the correct statement. A great relocation for a growing company. They are planning an interior/exterior renovation as well, especially to the retail podium.

Demand has been steady but has slowed. This is not to say that it's dropped off a cliff or has shifted in favour of the renter, but it has 'softened'. Reality is we are experiencing high growth and this is expected to continue even as the Fed tighten the immigration spigots. Edmonton will...

Won’t be easy that’s for sure. The location is decent but certainly doesn’t have the cache like Strathcona, Garneau, or Wihkwentowin et al.

Good to see this moving along.

Minto is in the process of selling sites/assets to pay down debt. They have been off loading a number of buildings/sites across the country over the past several months.

A last ditch effort. It’s unfortunate the Province basically shut the door after some initial work was done to repurpose/redevelop the site. That being said this won’t be an easy repurposing exercise given the size of the building. I can’t see any feasible approach without having to demolish...

Do we know if this is concrete or just the commercial podium then transitioning to wood frame above? And who is the general contractor building this?

If you read the DC1 bylaw there are provisions to ensure that some of the character defining elements are maintained and restored. Based on my experience working with heritage buildings you can be darn sure that the Heritage Planners will be pushing to have that ghost sign retained/enhanced...

I believe this is tied to the CWB (Nat Bank) fit out….

Planning on repositioning the building to a variety of commercial/retail uses. Cool re-use of the building and hopefully they can find some tenants to kick this one off.

Yes, they are starting the commercial site.

Wonderful looking facility.

You're obviously not in real estate development.

Demand isn't really the issue here. It's tied to other factors - cost of capital, cost of construction and market rents.

Yes, the owner is retiring. So that's why it's closing down after 40 years.

I don't mind this building but why oh why did they use black for those roof leaders? Should have colour matched the off-white colour so they don't 'stick out. Cost difference zero.

Love this. God I hated those parking lots.