Lio5
New Member
If nothing is happening with the edmontonian site will they just build another smaller structure on it? Are they planning to do something with it?
Let me guess, BCM would've completed this in 2013 if it weren't for COVID right?Not according to Terry Hartwig -- the proposal was quite serious at the time but BCM (his client) couldn't pull the financing together. Of course it was speculative (aren't most upper end developments). Maybe BCM was punching above its weight class but it was not a rezoning exercise for a projected sale.
This website gave me cancer.BS - There was zero way that BCM was going to make this happen, period.
Edmontonian - BCM Homes
A quality builder and Edmonton condo developer since 1999, BCM Homes is a family-run business specializing in multi-family residential projects.www.bcmdevelopments.com
Yes exactly, BulLarkey detector! Which is why my radar goes off after most of your postings. Let me see if I can count by memory:Does BL stand for BulLarkey?
no one could have “pulled the financing together for that one” because the project was unworkable from the ground up. parking, lay-by, loading and access didn’t work. the vertical massing might have worked but the horizontal ever would - the floor plates were simply too small to accommodate the elevator and service cores and stairwell exiting and shaft space needed for various building uses. this means there was a ridiculously small amount of usable/rentable space left. sales and/or rental rates would have needed to be twice what the top end of the market was paying at the peak and the inefficiencies would have seen operating expenses twice what they would be in competitive spaces. it was never even realistically speculative…Not according to Terry Hartwig -- the proposal was quite serious at the time but BCM (his client) couldn't pull the financing together. Of course it was speculative (aren't most upper end developments). Maybe BCM was punching above its weight class but it was not a rezoning exercise for a projected sale.
The Edmontonian was, apparently, never realistic at all (technical issues and whatnot, on top of financial).Let's just admit this thing will never materialize (nor was there ever a realistic chance of it happening) and the same goes for Alldritt's tower.