[DiscoStu]

This project is right outside my work window...it definitely has a bigger presence than I thought it would. Hopefully the materials are good!

 

[Surrealplaces]

 

[Surrealplaces]

 

[GoVertical]

 

[1875]

 

[ThujaPlicata]

 

[gsunnyg]

This one’s been topped off pretty much. There is a lot of concrete work still left to do around the ground floor of the building

.

 

[Surrealplaces]

Nice rooftop view. The mountains, the downtown skyline, and as a bonus, the Bridgeland skyline!

 

[ThujaPlicata]

 

[UrbanWarrior]

 

[UrbanWarrior]

 

[UrbanWarrior]

 

[Calgcouver]

View attachment 522024

Only building besides StreetSide’s that has come out of all the rezoning applications in Inglewood and Ramsay after all those approved LOCs. So far the only other sites have got land use redesignations for mid rise concrete and this is the only one that will get built.

Happy to see this get built. I am beating a dead horse, but would suggest we won’t see anything else materialize here on other sites unless they are wood frame as price points don’t suggest concrete construction is all that profitable. Everything rézoned is speculative land banking.if these are to sell and get redeveloped in the short to medium term they will need land prices closer to quarry park or mahogany, anything else is not terribly economical for most builders.

 

[CBBarnett]

Only building besides StreetSide’s that has come out of all the rezoning applications in Inglewood and Ramsay after all those approved LOCs. So far the only other sites have got land use redesignations for mid rise concrete and this is the only one that will get built.

Happy to see this get built. I am beating a dead horse, but would suggest we won’t see anything else materialize here on other sites unless they are wood frame as price points don’t suggest concrete construction is all that profitable. Everything rézoned is speculative land banking.if these are to sell and get redeveloped in the short to medium term they will need land prices closer to quarry park or mahogany, anything else is not terribly economical for most builders.

If the city was to bulk upzone a huge swath to higher densities, wouldn't that cut into the speculative pricing? Overwhelm the market with entitlements so there is no speculative premium, just what you can build. How would you solve this?

 

[Calgcouver]

If the city was to bulk upzone a huge swath to higher densities, wouldn't that cut into the speculative pricing? Overwhelm the market with entitlements so there is no speculative premium, just what you can build. How would you solve this?

I think it would. We have too many people that come from land development in the city that don’t care about the velocity of capital return, they are taking advantage of the City’s want for density to hold for extortionate land values for unproven assets with no comps. Spread density out it could diminish speculation, in theory.

Or they will just continue to hold for bullshit values, who knows.