What do you think of this project?

  • I dislike it

    Votes: 0 0.0%
  • I dislike it a lot

    Votes: 0 0.0%

  • Total voters
    27
what is Calgary's Ctrain doing here?
Isn;t that a Salt Lake City TRAX lrv? Still an interesting choice either way ig 😆
New renderings plus a website notation "coming soon" from Autograph on their updated website (35 and 37 storeys)...
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This area needed some density and cool buildings yesterday, this project better happen soon especially with the Warehouse Park plans moving forward!
 
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Yikes, very blunt wording coming from Edgar.

I guess this means we cannot expect any movement on the Shift for quite awhile.
 
Yikes, very blunt wording coming from Edgar.

I guess this means we cannot expect any movement on the Shift for quite awhile.
Probably not until more details come out about grant funding for downtown projects, which I'm somewhat confident will come tied in with the Housing Accelerator Fund cash. The city can kill two birds with one stone with that kind of policy (increase housing stock and contribute to downtown while not using CRL funding or city funding in general), and Fraser mentioning that office to residential conversions are in the conversation means that downtown is on the radar for these types of things.
 
Again, Edmonton is still waiting on that housing announcement from the feds and that may determine likelihood of any additional incentives.

As people have noted, if interest rates go down that helps and there is still the no GST incentive rental builders have access to as well. While no one thing may be the sole catalyst, a few things together can make a difference along with a $40 million+ investment in a park in this project's backyard as well as a massive public transportation project at their doorste in the new lrt..

Of course corporations don't always like to identify all the things being done to boost their fortunes, but many good things are happening.
 
Again, Edmonton is still waiting on that housing announcement from the feds and that may determine likelihood of any additional incentives.

As people have noted, if interest rates go down that helps and there is still the no GST incentive rental builders have access to as well. While no one thing may be the sole catalyst, a few things together can make a difference along with a $40 million+ investment in a park in this project's backyard as well as a massive public transportation project at their doorste in the new lrt..

Of course corporations don't always like to identify all the things being done to boost their fortunes, but many good things are happening.
But can the city say hey Autograph, “here’s a big bag of cash from the from HAF kitty. Now go build these towers.”
 
But can the city say hey Autograph, “here’s a big bag of cash from the from HAF kitty. Now go build these towers.”

Autograph says it needs incentives from the city but in terms of making this project succeed, I'd say two pretty significant incentives are the new park and the new lrt in terms of making this project attractive to renters.
 
Mercury received an incentive from the city and it was financed when interest rates were lower, and now Autograph is going ahead with Mercury II with higher financing rates and no city incentive.

What's the incentive to build it? It's a desirable area.

The city has made significant financial investments to make The Shift location a more desirable area.
 
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Those are all for public good and while they impact the project and its desirability, it has little to do with the cost of construction, rental rates or state of the condo market due to perception.
 
There is a financial incentive built into the CRL and catalyst in the Downtown Plan. The issue is CRL is pretty much tapped out right now, so admin/Council looking for ways to implement it. One way would be offsetting some of the planned infrastructure costs with money from the province. There is some lobbying efforts to try to make that happen.

While vibrancy/perception is getting better imo, it's no where near where we need to be. And the park/LRT construction won't be done for several years, so you'd kinda be building in the middle of nowhere. There is a risk to that as well. There is a reason most of our residential projects Downtown in the last 15 years were built along 104 Street.
 
Lets not forget the existing capital line LRT is only about a block and a half away (perhaps somewhat out of sight out of mind, but it is still there). So this is not a bad location at all, even before the new LRT line which of course will be even closer.
 
Things are improving and many folks are working hard to ensure that (thanks GS!), but the reality is that the condo market basically does not exist and overall demand for Downtown housing is lacklustre.

This MUST change if Edmonton wants to see more investment and that has a TON to do with safety, how well kept it is, perception and overall crime/disorder.
 

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