What do you think of this project?

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My expectations for downtown 2025 construction starts: Qualico 39-storey tower; Falcon II; at least one of Westrich towers on 103rd Avenue and 104th Street (I believe that will come with a full 3-corner (or maybe even a 4-corner) development concept -- with exciting new renderings -- for that intersection); Westrich 6-storey on 108th Street; Katz residential tower in the ICE District (where CWB had been scheduled to go); the Shift by Edgar (tower 1); and the Parks II. And Development Permits and Building Permits issued for 2026 start for Norquest College Major Building on the west side of 108th Street; TBA building at the north end of 108th Street and southeast corner of 102nd Avenue; two separate buildings with heavy underground parking components on the west side of 109th street south of Jasper Avenue; and a new apartment tower in the Provincial Government precinct on 100th Avenue. I also expect a major announcement on a new Stadium no later than the latter part of 2025 perhaps/probably in conjunction with the announcement of a new Sports Franchise in a precinct that we will call the "Turf District". The cranes are coming home to roost. Areas of concern will still be evident for Alldritt's tower in the Quarters and development there generally, the onetime concept tower for 101Street and 102nd Avenue, the redevelopment of ECC East, and the Capitol Theatre building and redevelopment there. 106th Street will pick up the mantle (jointly) with 104th Street and in 2026 some new concepts will be announced for the Massey Ferguson Site (perhaps in conjunction with a joint announcement with a southward expansion of MacU and a student housing venture) and with a new concept for the onetime "North" site.
 
Podium still needs some work. Couple floors left for balcony glass too.
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Bring it on Ian....we know you know something. Especially after your back and forth with Wosnack on LinkedIn.....
 
IanO said:
Any word on lease up? Tower 2?
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I'll bite. They should have just be getting occupancy in the next couple weeks. First move ins were scheduled for Aug 15th. When I toured last month I figured it looked much more like a Sept 1-Sept 15th move in. October/November if you want to live in a completed project.

My review of the building isn't negative. Nice units, very good views in all directions, especially looking north and south. The rooftop amenity space was impressive. The balconies were massive. The location is very good.

I think they will lease this one up quickly. They won't really acknowledge tower 2 unless you ask about it, though.
 
Barnaby said:
I'll bite. They should have just be getting occupancy in the next couple weeks. First move ins were scheduled for Aug 15th. When I toured last month I figured it looked much more like a Sept 1-Sept 15th move in. October/November if you want to live in a completed project.

My review of the building isn't negative. Nice units, very good views in all directions, especially looking north and south. The rooftop amenity space was impressive. The balconies were massive. The location is very good.

I think they will lease this one up quickly. They won't really acknowledge tower 2 unless you ask about it, though.
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Probably not the best way to attract tenants now by highlighting there may be a construction site nearby and the views may change.

So it makes good sense to focus on the task at hand first, which is filling this building and then taking it from there.

To be fair, I suspect the tenant response will also affect a second tower going ahead. If this fills quickly then that is a good sign. And also they might be waiting for interest rates to improve a bit.
 
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