jaymao
New Member
I have tried but not luck! the guy is a ghost
- Thread starter Daveography
- Start date
jaymao
New Member
IanO
Superstar
Try his Linkedin for more info.
David A
Senior Member
I suspect somehow this is at the bottom of everybody's priority list, which is too bad. It is a good location, but right now the now long vacant lot is dragging down the whole area adjacent to it.
This is why I am so against tearing down perfectly functional older buildings in a rush. The old church building that was there was being used previously and fit in nicely with the area, at least until someone came in with half cocked big ideas and plans. Btw, another old church was torn down on 109 St north of TD and it shows signs of being another semi abandoned lot.
Could developers just get their act together before they tear things down? That is all I ask.
This is why I am so against tearing down perfectly functional older buildings in a rush. The old church building that was there was being used previously and fit in nicely with the area, at least until someone came in with half cocked big ideas and plans. Btw, another old church was torn down on 109 St north of TD and it shows signs of being another semi abandoned lot.
Could developers just get their act together before they tear things down? That is all I ask.
Oilers99
Active Member
similarly with the grocery store on 99 with the bateman site.
Avenuer
Senior Member
Or pull the Land Title, then perform a Corporate Search on the owner (I believe it's a named Alberta corporation), and the contact any of the Directors listed in the Corporate Search at the addresses provided.
CaptainBL
Active Member
I've said this 100 times on this site and I will keep saying it.
Developers are playing within the rules of the game. The rules favour developers with no plans or half cocked plans to knock down buildings and let them sit vacant, and do not favour the overall community in which those buildings exist, or the now vacant lots exist. Why does a developer need to get its act together if it is playing within its rights?
The rules of the game need to be changed and that is up to the City to change the rules to require a demo permit to only be issue when a development permit is issued.
This city Charlie Brown falls for the same problem each time. You know what they say, point fool me once shame on the developer but fool me 3,275 times shame on the City.
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David A
Senior Member
The why is obvious, unless you are the developer or a friend of theirs. This sort of thing is not good for the area, or the city.
When people do not behave or act well, eventually either government will step in a make tougher rules, or if they are hesitant to do so - take note city councilors - the voters will will replace them with someone who will.
I agree we have had a do nothing city government and council on this sort of issue far too long.
Greenspace
Senior Member
You pay less taxes on an empty lot than on buildings. That's why the first thing any developer wants to do is tear down the building. The only way to change this reality is at the MGA level. Council has very little say in this -- Planning could deny the demolition permit, but on what legal basis? And it would go to SDAB which might not have jurisdiction.
jaymao
New Member
what would you consider a fair rent $ for 2bdr 2bth?
CaptainBL
Active Member
Just a piece of completely unsolicited advice from someone experienced in industry, if you are considering taking over a multi million dollar stalled project, especially in today’s economic environment, asking a general forum what they’d consider fair rent is not the best or most advisable way to do due diligence before spending your or your investors capital.
I would recommend a whole lot deeper level of due diligence, comp analysis, speaking with those in industry in the market and contractors, financiers, among many other layers of due diligence.
Taking on more than one can handle is one of the reasons projects like this stall in the first place and are left vacant or in judicial sale.
Just my free advisory services for the day.
jaymao
New Member
Lol! thanks for your unsolicited piece of advice! You don't even know me and you are judging me for a question in a forum?? for your information I am very successful multifamily developer in the city. I don't need to show here with my real name and company. AND the reason I ask stuffs in this forum is not for lack of information (as per your advice) is because I want to have a real engagement with community, talk with real people,neighbors etc. By no meaning I am here looking for advices or deep analysis or all the stuffs you are saying. that's nonesense. my question was based more on what would you consider fair???
My free advisory service today is: don't give another piece of advice to someone haven't ask you.
CaptainBL
Active Member
My comment wasn’t actually even unsolicited. In bold, above, you asked the question. You asked an open forum for advice on rent.
You are correct, I do not know you, but most successful developers I work with in the area
1. Know what appropriate rental rates are
2. Know where and how to find appropriate rental rates
3. Aren’t asking open forums for advice on appropriate rental rates.
I truly hope you are a successful developer as you claim because last thing the community needs is someone who takes over this project and it fails a second time because the level of due diligence on rental rates is asking an open forum.
As for what I personally think is fair, well that would be what the market dictates.
Best of luck to you, and more importantly the Whyte ave community if you take this project over.
Guy 1
Active Member
This guy can't be for real.
IanO
Superstar
This is positive.
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Samuel Dean (He/Him) • 1stSenior Vice President, Western Canada Multifamily,
As the Court of King’s Bench’s Court appointed listing agent, Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to announce the successful sale of a mixed-use development site located at 10506 – 81 Avenue NW, Edmonton, Alberta (the “Property”). Located in the heart of Old Strathcona and encompassing the northwest corner of 105 Street NW and 81 Avenue NW, the Property offers prime street level frontage and excellent walkability to nearby services and amenities.
Please reach out to a member of our team to learn more about the transaction.
---
Samuel Dean (He/Him) • 1stSenior Vice President, Western Canada Multifamily,
As the Court of King’s Bench’s Court appointed listing agent, Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to announce the successful sale of a mixed-use development site located at 10506 – 81 Avenue NW, Edmonton, Alberta (the “Property”). Located in the heart of Old Strathcona and encompassing the northwest corner of 105 Street NW and 81 Avenue NW, the Property offers prime street level frontage and excellent walkability to nearby services and amenities.
Please reach out to a member of our team to learn more about the transaction.