Development will continue changing the face of Edmonton in 2017
Edmonton isn’t likely to see a construction boom in 2017, but the landscape will continue to grow as big projects wrap up and new work gets underway, say commercial real estate experts.
The downtown core is still the city’s development hot spot with $5.5-billion worth of work proposed or underway, including the Ice District’s 66-storey Stantec Tower and 54-floor JW Marriott Hotel-Legends Private Residences.
Although they won’t be finished until 2018-19, they’ll make a big difference to the look of Edmonton’s core over the next 12 months, says Avison Young principal Cory Wosnack, part of the district’s leasing team.
“You will see this massive physical change to the skyline … You will see two (new) towers.”
That will be a shot in the arm for a construction industry that, overall, could face a soft 2017.