[cmd uw]

Good news. I still think Toronto and Vancouver developers are pulling out of Alberta due to liquidity issues, mostly.

This area, and Edmonton's current market isn't the reason behind the failure to build this.

Autograph or MacLab are probably the two most equipped to take this on asap. As much as I like Westrich, I think they probably have enough going on right now.

Not entirely true. We are seeing a lot more interest in Vancouver/Toronto-based developers in Alberta right now as conditions in those respective markets remain tough. Institutional owners recycle through their assets constantly for the most part.

With this site there are many developers that would be interested in it for many reasons.

 

[Barnaby]

Not entirely true. We are seeing a lot more interest in Vancouver/Toronto-based developers in Alberta right now as conditions in those respective markets remain tough. Institutional owners recycle through their assets constantly for the most part.

With this site there are many developers that would be interested in it for many reasons.

Happy to hear. I'm sure the list of stable developers is smaller in these cities than it was 3/4 years ago.

It's interesting to me that the future of Edmonton and Calgary being more predictable could be a reason to be attracted to these markets. You won't see massive land value gains, but moderate-low rental growth is very likely. I know a few people working entry level jobs, while being able to comfortably get by in brand new apartments (with roommates), and no car (I think that's the key). In my opinion, Alberta should try to pull the youth from Eastern Provinces via housing affordability.

This, opposed to the strong possibility of rent and land value decreases in Vancouver and Toronto, the former being the worst of the two markets in my opinion.

 

[Offworld]

Not entirely true. We are seeing a lot more interest in Vancouver/Toronto-based developers in Alberta right now as conditions in those respective markets remain tough. Institutional owners recycle through their assets constantly for the most part.

With this site there are many developers that would be interested in it for many reasons.

If you had to split up their Alberta interest between Calgary and Edmonton, what would you think that split would look like? 50/50? 75/25?

 

[SMayo]

Someone’s not very happy with the pit

 

[David A]

This is what happens when you leave signs up too long, you risk becoming the target of ridicule and other things.

 

[constance_chlore]

When you stare for long enough into the Pit, the Pit stares also into you.

 

[SMayo]

The silver lining is that the sites condition is getting so rough that we probably only have to wait a few more years before it collapses and fills itself in.

 

[crisp]

@Autograph..... @Beljan..... please purchase and continue your duopoly in the area. I don't think anyone would object.

 

[Greenspace]

I’m not hearing good things about the state of the shoring unfortunately

 

[SMayo]

I’m not hearing good things about the state of the shoring unfortunately

Quite a few boards are in the process of falling out or are broken. I know nothing about shoring but I can’t imagine it can safely be kept how it is for much longer

 

[thommyjo]

Hopefully pushes them to sell faster and lower to avoid costs? Gotta get this one done asap. A key lot.

 

[Gus Haynes]

I have sometimes wondered if it's truly safe to walk on the adjoining sidewalk along 121st...

 

[TAS]

I have sometimes wondered if it's truly safe to walk on the adjoining sidewalk along 121st...

Not to mention the house located on the east edge of this pit.

 

[northlands]

It is so deeply disappointing this one never came fruition and worse yet stalled at full parkade excavation like this. The design had great size and scale and would have made such a great impact on the area.

 

[MacLac]

Has it been sold yet?