Why is it strained?

Looks like there are issues with the building according to a resident that posted this on reddit. https://www.reddit.com/r/Edmonton/comments/5k54nx/letter_to_santa_ultima_tower_edition/

Same here! I work in Scotia place so its just a short walk away. Hopefully this will help bring new investment into the quarters.

I plan on going as well. This is exciting!

I think that the area is catered to older (40+) wealthy couples. The average price of a house in that area is about $650K+. The size of units in westblock range from ~1060sq ft to ~2473sq ft. Their cost per sq foot is about $500. So it will definitely is a "luxury" condo.

They're starting to pre-sell units. They start at about $500K.

Anyone have an idea of what they're actually going to do with the old brewery?

Thanks for the timely reply! That's too bad, I think that this is going to a beautiful building.

Has Edgar Development determined if the building would be a rental tower similar to the Hendrix? Or is there an opportunity to buy a unit in this building?