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Rooftop patio restaurant? I like this guys vision already.

$12,5 seems like a pretty reasonable price for the asset and location. Especially consider previous ownership did a pretty nice reno to the lobby maybe 6-7 years ago.
 
Mind listing the 4?
So far:
Phipps-McKinnon: 100 units
McKenney Building Conversion: 33 units
Financial Building Conversion: 33 units
Standard on Jasper: no idea how many this one is but since it's floors 12-19, maybe 80-100 units?

CBRE did mention that Highfield Place got taken off the market for conversion but we have nothing concrete on that so I didn't add it to the list.
 
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From a history perspective I know of at least two churches in Edmonton that in years past have been turned into music venues and at the time of the transition were very successful but didn't last -- one was further turned into a needs-based facility for food and shelter and the other was eventually demolished.
You're thinking of the Mustard Seed's Church on 96 St, which was the former 'Danny Hooper's back in the 80s (I think, I wasn't even born then).

There's also another church on 96 Street that is now an event venue - Studio 96.
 

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