[David A]

Yes, some bad luck, but this company sure seems to have a lot of "bad luck" with more than one site. At some point bad luck becomes bad management.

So ok the Marriott deal fell through, but that would have been way over 5 years ago. IMO it probably would have been better to not demolish the existing building. All it shows they are committed to is demolition and spending money sooner than needed. Again a bad decision and also poor asset management. Lastly, if you can't make a go of it, just sell it to someone who may be able to do better, take the loss and move on.

 

[Kosy123]

Don't forget that their Holyrood site has been silent for a year now as well.

 

[Edmcowboy11]

To me Regency seems more of the opportunist type of developer if it will be cheapest for himself. Otherwise to keep things cheap, either move at glacial pace or agree to one thing then come back crying the blues that it is no longer viable and demand changes. With the track record of this company I think of the old saying, "Fool me once shame on you, fool me twice shame on me."

 

[David A]

There are developers who figure out how to make money, build nice things that satisfy market demand and then there are companies that just sit on things and I don't think have the capacity to come up with good ideas.

 

[erudyk_29]

Not trying to defend Regency necessarily, I also really don't like the way they do things, and think in recent years they've done more harm than good to downtown by essentially just taking perfectly good buildings and turning them into pits and/or empty lots. More just trying to say that it wasn't necessarily all just incompetence on their part that led to the abandonment of Tower 101 specifically, there were a number of factors outside their control that likely played a pretty major factor in this particular project. Like Valley Line delays, COVID and the general economic down turn that followed, etc.

 

[Gronk!]

While Regency dithers, other buildings such as The Parks and Falcon are under construction by their developers. I still have a hard time swallowing any of Regency's excuses.

 

[KreationYEG]

 

[Gronk!]

There's a damning indictment of the Tower 101 debacle in this article

Hangar 11 loss called a crucial moment for Edmonton architecture

Dan Rose swore as he watched the flames destroy Hangar 11 on April 22. "I was like, 'For Christ's sakes, we just can't catch a break,'" he told Taproot.

edmonton.taproot.news

 

[kcantor]

^
i'm not sure there isn't more damning naivety than indictment in that article...

 

[thommyjo]

…This might be a crazy rumour, but what else is this site for!

My buddy just became the gym manager at enbridge tower. Told me today that they’ve boarded up this one wall on the 2nd floor near the gym that will be the future pedway to this new tower.

Says the building manager for enbridge mentioned that they’d be starting construction soon on that tower, hence the change.

Anyone else have intel?

 

[Gronk!]

…This might be a crazy rumour, but what else is this site for!

My buddy just became the gym manager at enbridge tower. Told me today that they’ve boarded up this one wall on the 2nd floor near the gym that will be the future pedway to this new tower.

Says the building manager for enbridge mentioned that they’d be starting construction soon on that tower, hence the change.

Anyone else have intel?

That's good news, although I can't help but wonder how soon is "soon"?

 

[kcantor]

I’m not sure how soon would be soon either given that (a) as far as I know there haven’t been any building permits applied for and (b) I’m not even sure the status of the last development permit.

 

[fromyeg]

…This might be a crazy rumour, but what else is this site for!

My buddy just became the gym manager at enbridge tower. Told me today that they’ve boarded up this one wall on the 2nd floor near the gym that will be the future pedway to this new tower.

Says the building manager for enbridge mentioned that they’d be starting construction soon on that tower, hence the change.

Anyone else have intel?

 

[thommyjo]

I pressed my buddy one what “soon” meant. And he was like “idk, I’m new haha. But apparently it’s never been boarded up, so for some reason they’re doing it now…”