[davcocom]

You’d think being in the Warehouse District, they would've included some brick in the design, but I guess some development is better than nothing

 

[Glenco]

You’d think being in the Warehouse District, they would've included some brick in the design, but I guess some development is better than nothing

Good enough for downtown Edmonton

 

[Greenspace]

Ideally at-grade exterior siding is brick or stone, especially where there is no setback and can get damaged.

Only thing missing in my mind is a corner retail unit, or along 102 Avenue. I understand the need now might not be great but at least have one.

Other than that we need 20 more of these, or a version of.

 

[Offworld]

I can't tell if posts 91 and 92 are sarcastic or not. I'll hope for the former!

Not all developments are better than nothing.

And downtown Edmonton should strive for the best, not good enough.

Just my two cents.

 

[SMayo]

Not every lot downtown is going to turn into a high end luxury tower. And downtown needs buildings where rent doesn’t start in the 2’s. It’s got minimal setback and scaled nicely so it’s going to serve downtown way better than what’s there currently despite being too “suburban” for a lot of people here.

 

[David A]

Not every lot downtown is going to turn into a high end luxury tower. And downtown needs buildings where rent doesn’t start in the 2’s. It’s got minimal setback and scaled nicely so it’s going to serve downtown way better than what’s there currently despite being too “suburban” for a lot of people here.

Yes, lots of people just looking for an affordable place to live in a decent location. Not every building has to be an architectural masterpiece and as well as adding more people in the area, it will be a real improvement on what is there now.

 

[Barnaby]

I know you guys hate the architecture, but watch this one lease up in under 6 months if the timing for occupancy is right.

There is nothing new that will be this affordable in the area, that also has convenient access to transit. If this form factor works like I think it will, DT Edmonton will absorb people faster than it has been.

 

[Glenco]

I know you guys hate the architecture, but watch this one lease up in under 6 months if the timing for occupancy is right.

There is nothing new that will be this affordable in the area, that also has convenient access to transit. If this form factor works like I think it will, DT Edmonton will absorb people faster than it has been.

So do you know what the rents will be?

 

[IanO]

Edmonton is seeing $2.25-2.5/sqft as its bread and butter or about 20% less than Calgary and about .25-.1% less than major national markets.

 

[HappyJazzz]

I know you guys hate the architecture, but watch this one lease up in under 6 months if the timing for occupancy is right.

There is nothing new that will be this affordable in the area, that also has convenient access to transit. If this form factor works like I think it will, DT Edmonton will absorb people faster than it has been.

I don't totally hate the look of this project, but I don't like it in this location.

Built in north edge, or one one of the many vacant lots south of jasper and it would blend in and disappear into the urban fabric just fine.

But for a site that close to the new central park, it's extremely low effort..

 

[Glenco]

Edmonton is seeing $2.25-2.5/sqft as its bread and butter or about 20% less than Calgary and about .25-.1% less than major national markets.

So what are going to be the rates for this building compared to everything else?

 

[IanO]

Market.

 

[David A]

I don't totally hate the look of this project, but I don't like it in this location.

Built in north edge, or one one of the many vacant lots south of jasper and it would blend in and disappear into the urban fabric just fine.

But for a site that close to the new central park, it's extremely low effort..

I have always been a bit skeptical about the park being a catalyst for a bunch of wonderful new buildings. It is not a magic wand and does not make all the other issues related to the area go away - lack of enough great jobs downtown, lack of great retail, safety concerns, cleanliness ... However, I do think this new building regardless of how fancy it is will, by bringing more people into the area, help some.

 

[Barnaby]

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.

 

[HappyJazzz]

I have always been a bit skeptical about the park being a catalyst for a bunch of wonderful new buildings. It is not a magic wand and does not make all the other issues related to the area go away - lack of enough great jobs downtown, lack of great retail, safety concerns, cleanliness ... However, I do think this new building regardless of how fancy it is will, by bringing more people into the area, help some.

Oh I agree, the park isn't some magic wand, and much like I don't think this is the right location for this building, it probably isn't the right time to be building the park either, even though I do like the idea of that project too.

You're spot on with the cleanliness, safety concerns and jobs comment, which is why the park could have waited for a while longer.

As far as bringing new bodies to the core, this building could achieve the same if built in the north edge, and at least those people would be in a somewhat cleaner and safer area with more retail nearby.

Edmonton simply opened up too many redevelopment areas at once without the demand, and it's resulted in lackluster progress in nearly all of them.