policyenthusiast
Senior Member
They don't need a lot of customers to stay afloat, because they get so much from a few cash-constrained people. Much like casinos.
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- Thread starter Daveography
- Start date
constance_chlore
Senior Member
I imagine a city like Edmonton would also have a lot of people sending remittances.
Glenco
Senior Member
I will try and swing by today and check it out
CplKlinger
Senior Member
Google maps says it is, and I think I recall seeing people there when I walked by the other day.
Kosy123
Senior Member
Pretty minor in the grand scheme of things but seems like a building permit's been issued for the McKenney Building conversion on 104 St, so that's officially 33 more units under construction downtown.
degrandprix
Active Member
That is actually newsworthy if those units end up being sold as condos, that would be the first condo inventory was added downtown in several years I think?
IanO
Superstar
I just want to see this building active again and here's hoping they do a rooftop patio.
Kosy123
Senior Member
Is it a condo development? I kinda just assumed every new residential construction/conversion in downtown was a rental tbh.
David A
Senior Member
I suspect it is. I seems they were going to stay there as long as possible, so it probably was the landlord saying time to go now, other things are happening here soon.
degrandprix
Active Member
I have no idea, I was thinking it might be since all the other warehouse-to-residential conversions are condos. However they were all done 10+ years ago when most new builds were condos as well, so probably this one will be rental.
David A
Senior Member
I was thinking condo also, given that it was an unique older warehouse building that could appeal more to buyers than renters.
Condo prices seem to be going up some , there do not seem to be as many units for sale downtown and really nothing new has been added in the last several years in this area. So it could be the time to cautiously start adding more, such as on a smaller scale like this.
Condo prices seem to be going up some , there do not seem to be as many units for sale downtown and really nothing new has been added in the last several years in this area. So it could be the time to cautiously start adding more, such as on a smaller scale like this.
policyenthusiast
Senior Member
This could also be tied to the condo buyouts we're seeing from BC/ON based REITs.
Glenco
Senior Member
Restaurant still open
Greenspace
Senior Member
Rise Republic in Fox One seems to still be open but has For Lease signs in the window.
IanO
Superstar
| City investing $3 million into community-led projects downtown |
| February 26, 2026 Today, the City of Edmonton launched the new Downtown Action Plan Fund, which will invest up to $3 million into community-led projects in the downtown area. The fund supports the goals of the Downtown Action Plan and helps realize the potential in the heart of the city through collaboration with dedicated community partners. “The Downtown Action Plan Fund is a truly meaningful and important source of funding for the heart of our city,” said James Robinson, Executive Director, Edmonton Downtown Business Association. “The Edmonton Downtown Business Association deeply appreciates how transformational funds like this can be. It has the ability to turn great community ideas into meaningful activations that continue to ensure downtown Edmonton is a vibrant and welcoming destination.” "We’re very supportive of investments that enhance the vibrancy, safety and overall livability of our downtown core,” said Cheryl Probert, President, Downtown Edmonton Community League. “Further expansion and revitalization of green spaces, increased residential density, updated lighting, public art, small business supports and other ongoing and upcoming initiatives from the City continue to demonstrate a commitment to both current and future downtown residents." The City of Edmonton continues to invest in a people-first, sustainable downtown economy, including $380 million on capital projects like O-day’min Park, Beaver Hills House Park, Michael Phair Park and Centennial Plaza, $14 million on 126 projects through the Downtown Vibrancy Fund and $22.9 million on housing projects that will increase residents in the core. “We continue to make progress toward a stronger and more vibrant downtown economy, and we want to accelerate that momentum alongside community partners,” said Tom Girvan, Director, Downtown Economy. “It’s important that we continue working collaboratively to build a better downtown for all of us.” With a focus on long-term and impactful investments, eligible Downtown Action Plan Fund projects will help activate the city centre by aligning with one of three funding streams:
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