Didama
Active Member
Think of the cars, Barnaby! Think of the cars! You can't expect them to take a block detour, that would be inhuman
- Thread starter Avenuer
- Start date
Tropical
Active Member
https://edifyedmonton.com/urban/structures/hate-bike-lanes-read-this-now/
Starting end of the year or early 2025.
Starting end of the year or early 2025.
IanO
Superstar
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
Active Member
I will eat my shoe if this starts with the current owner
Avenuer
Senior Member
He seemed optimistic in that article, but he could also be outright lying lol
Avenuer
Senior Member
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
Active Member
CMHC funding makes it really difficult to then go find a private investor for more money............
Avenuer
Senior Member
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
New Member
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
Active Member
They need to put an auctioneer out at the site. We got 2027, do I hear 2028, can I get a 2029.....
CaptainBL
Active Member
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
Senior Member
Kinda awesome how committed they are to updating the date. I respect it lol. Most developers leave signs untouched for years
TAS
Senior Member
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?