What do you think of this project?


  • Total voters
    23
Well, if Augustana is sold, it does free them up a lot to get this one rolling.
 
Well there you have it... a significant community hub demolished and now in limbo for an indefinite period of time.

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Cody Nelson• 1stVice President | National Investment Team | CBRE Limited6h • 6 hours ago

For Sale: Mixed-Use Development Opportunity in Strathcona

The 1932 by Bateman lands represents a rare opportunity to acquire a prominently located 37,994 sq. ft. redevelopment site offering scale along a major corridor in central Edmonton. Offering expectational proximity to downtown, Whyte Avenue and the University of Alberta, the Site provides the best of urban living.

Measuring 37,994 sq. ft. of contiguous development area, the Property allows for a potential investor to utilize the existing DC2.1153 site specific zoning to construct up to 190 units and 6.0X FAR (227,964 sq. ft. GFA) to a maximum height of 34 metres.

This unique development opportunity is being offered at a list price of $5,750,000 or $25 per buildable sq. ft. Proposals will be dealt with on an as received basis. The Vendor reserves the right to call for a formal bid process.

For more information, please contact David Young, Thomas Chibri, CFA or Cody Nelson
 
What is particularly bad is that the community and nearby area has lost a convenient, functional (although older and smaller) grocery store and now has an empty lot.

It was an area where you could walk to get groceries or coffee and now it is not. Once again the city is working at cross purposes of trying to make older areas liveable and attractive.
 

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