[Glenco]

Market.

So we don’t know if they will be more affordable as some like to believe

 

[SMayo]

So we don’t know if they will be more affordable as some like to believe

We can safely assume it will be more affordable than a luxury architectural marvel

 

[YEG imagineer]

I am excited at this project. It fills another hole in terms of additional residential and is actually pedestrian sized being 6 stories high. Not everything has to be a phallic symbol.

 

[Greenspace]

All new product is going to get the highest and best rent and lease rates they can.

 

[Glenco]

I am excited at this project. It fills another hole in terms of additional residential and is actually pedestrian sized being 6 stories high. Not everything has to be a phallic symbol.

I think you are missing the point. It doesn’t have to be a high rise just something that doesn’t look like it was transplanted from the burbs.

 

[fromyeg]

Building many units of housing downtown and by transit is good.

 

[Didama]

I actually like this project too. I mean, it's all in the execution of course, but I'm hopeful

 

[David A]

To clarify what I was getting at. The market rate for a new wood construction mid-rise rental is lower than the market rate for a new construction concrete high-rise. I'd expect rents to be around what Abbey Park is offering, which is right in line with @IanO's range of $2.25-2.5/sqft.

This should make the building more affordable than all other new downtown apartments.

It is also in an area near one educational institution and not far from another one, so perhaps putting affordability ahead of prestige makes more sense in this location.

 

[Filip.Nowak]

“Breaking ground this winter”

View this content on Instagram

View this content on Instagram

 

[SMayo]

Lots of brick in the finishes could look really good!

 

[archited]

I've seen this design or something close to it many times before -- mailed in effort, sadly.

 

[Kosy123]

Hopefully we see more multifamily developments break ground in the core, especially as that juicy interest rate cut is coming this week.

 

[BASE]

I wonder why this one isn't showing on their website. I am sure it will be fine and is a good location. I think i saw some angled support columns on the corner similar to what the Parks are planning.

 

[MacLac]

Was hoping Grandin 2 / Ice Tower was gonna break ground next....hopefully they will be the next, next project to break ground....

 

[archited]

I wonder why this one isn't showing on their website

Too embarrassing