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IanO said:
The embarrassing comment was in reference to the retail discussion.
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I appreciate what you are saying but explaining to visitors why there is no retail and you are better off going to Southgate on the LRT if you want to risk navigating the stairwell to get to it.
 
Glenco said:
I appreciate what you are saying but explaining to visitors why there is no retail and you are better off going to Southgate on the LRT if you want to risk navigating the stairwell to get to it.
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Yes, as always, those who already live downtown, nearby or visiting are forgotten here. One reason it is so hard to attract more residents downtown is because of the lack of retail.

You can't have a very good downtown lifestyle in Edmonton if you have to go to Southgate for decent retail, so then you might as well just live elsewhere instead.
 
That's the conundrum; it's ridiculous that a city of this size has such a lack of retail in its core. Time to change this and bring a few key amenities, services and retail options back, but that wont happen until ECC sorts itself out, but I am hopeful.

The other issue resulting and compounding this is that if you dont walk to retail, you probably also dont pop into City Market for groceries and DeVines for wine etc. etc.

This is a very serious threat to other businesses.
 
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edmontonjournal.com

'Light at the end of the tunnel': 2025 saw signs of recovery in Edmonton's office market

As office vacancy rates ended the year at pre-pandemic levels, market watchers are predicting a more bustling downtown in 2026.
edmontonjournal.com edmontonjournal.com

Some good news about downtown on this one. CBRE in its 2025 outlook predicted that downtown core vacancy would rise to 23.6% but we ended the year at 20.9%.

Anderson said he’s expecting to see even more conversions coming down the pipeline this year.
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More conversions too according to CBRE coming this year.

A number of large financial institutions were also making commitments to Edmonton’s Downtown core, last year, leading to more activity in the office market.

The iconic 36-storey Manulife Place, located at 10180 101 St., has now been rebranded to National Bank Centre after the bank recently acquired Canadian Western Bank, which made its new headquarters in the building.

Along with the name change and new tenants, the building is also undergoing a makeover that will cost around $45 million to bring the building’s common areas, amenities and retail spaces up to date.

Alongside National Bank, Anderson said one of the most notable pieces of news is ATB’s plans to stay and reinvest more into ATB Place and also AIMCo employees returning to office three days a week this past year.

Anderson said some other financial institutions will be making decisions on their Edmonton real estate requirements, and that he’s expecting the same “good news.”
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Popped into The Common for an event tonight (thanks Situate!) and am reminded how much I love its vibe from both inside and the street. More Commons.

IMG_0598.JPG
 
archited said:
^ I suspect the 170,000 sq. ft. has to do with the National Bank lease.
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I’m pretty sure the National Bank lease in Manulife (which was actually a CWB transaction prior to their being taken over) has been too public for too long to still be considered a confidential transaction.
 
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