[Didama]

Think of the cars, Barnaby! Think of the cars! You can't expect them to take a block detour, that would be inhuman

 

[Tropical]

https://edifyedmonton.com/urban/structures/hate-bike-lanes-read-this-now/

Starting end of the year or early 2025.

 

[IanO]

For me, this is one of the most ideal locations for density and urban living given access to the valley, bike lanes, transit, grocery and amenity.

 

[Vacs]

I will eat my shoe if this starts with the current owner

 

[Avenuer]

I will eat my shoe if this starts with the current owner

He seemed optimistic in that article, but he could also be outright lying lol

 

[Avenuer]

He seemed optimistic in that article, but he could also be outright lying lol

So, they have approved funding from CMHC, but less than was originally committed to. They are working at filling the funding gap before construction will resume.

 

[Vacs]

So, they have approved funding from CMHC, but less than was originally committed to. They are working at filling the funding gap before construction will resume.

CMHC funding makes it really difficult to then go find a private investor for more money............

 

[Avenuer]

CMHC funding makes it really difficult to then go find a private investor for more money............

Yeah, kind of surprised they didn't get enough through MLI Select, as I know TONS of local developers that have funded their projects through that, since the $1,664 monthly rents it requires are basically market rates for Edmonton.

 

[amack]

I recently saw they put a new sticker on the completion date of 2027. Does anyone know of updates on this site? It seems it was a funding issue to the halt. Do we know of any new funders?

 

[JNO1]

They need to put an auctioneer out at the site. We got 2027, do I hear 2028, can I get a 2029.....

 

[CaptainBL]

I recently saw they put a new sticker on the completion date of 2027. Does anyone know of updates on this site? It seems it was a funding issue to the halt. Do we know of any new funders?

Used to read 2023 then 2024 then 2025 then 2026 and now you're saying it reads 2027? Haha sticker should just read "2XXX" at this point

 

[thommyjo]

Kinda awesome how committed they are to updating the date. I respect it lol. Most developers leave signs untouched for years

 

[TAS]

I recently saw they put a new sticker on the completion date of 2027. Does anyone know of updates on this site? It seems it was a funding issue to the halt. Do we know of any new funders?

Walked by this afternoon and both project signs on site still had 2026 completion date stickers. Not sure if 2027 got removed by somebody or what?

 

[TAS]

Bad news?
Good news?

 

[TAS]

Bad news?
Good news?

View attachment 598356View attachment 598357

This is one of the projects that took advantage of the city's tax deferral incentive.

Doubt if that would still be honored/applicable but if it was it could facilitate a faster sale and construction.