MCXavierL
Active Member
Across from The Mercury Block I, this is Mercury Block II which is going to EDC on August 15, 2023:
10138 and 10144-123 Street
10138 and 10144-123 Street
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- Thread starter MCXavierL
- Start date
BrettB
Active Member
This is a dumb question because I don't know the intersection well enough, but could you put in a traffic filter and essentially close that part of 102 Ave to vehicles between the buildings? I mean, now that there's no giant parking lot next to the old MEC, is there much vehicle traffic going through there?
Edmontonian
Active Member
Already have a thread for this one but those renders you posted I believe are new 
edmonton.skyrisecities.com
The Merc Annex | 6s | Autograph | Hodgson Schilf Evans Architects Inc.
Project will be directly south of the Mercury Block where the existing Andrew Manor building is. The Merc Annex is proposed to be 6 storeys with 2 levels of underground parking, 65 residential units and commercial bays on the ground floor.
MCXavierL
Active Member
Oops. Couldn't find the address or the name in the forum already, my bad. Thanks for sharing.Already have a thread for this one but those renders you posted I believe are new
The Merc Annex | 6s | Autograph | Hodgson Schilf Evans Architects Inc.
Project will be directly south of the Mercury Block where the existing Andrew Manor building is. The Merc Annex is proposed to be 6 storeys with 2 levels of underground parking, 65 residential units and commercial bays on the ground floor.
chrisvazquez7
Active Member
There’s a bus route that uses that road, and it’s still a connection to the inner parts of the Oliver neighbourhood.
MacLac
Senior Member
Merc 2 instead of Merc Annex?
archited
Senior Member
Looks like they nabbed some land essentially doubling (or more) the original concept. It now has internal circulation for retail/hospitality whereas that was not the case with the original proposal.
Edmontonian
Active Member
Looking at the scale and materials used in these new renders I'd say yes they've shifted more towards a mercury block II kind of idea, although Mercury Annex might end up being the name.
archited
Senior Member
This will give the 124 Street Retail precinct more oomph pulling it one block to the east. That with Beljan's development on 121 Street is giving 102nd Avenue substantial prominence as a retail hub.
Filip.Nowak
Active Member
This looks phenomenal and I’m happy to see the proposal has increased in size. How many units are in this phase now? 200?
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Edmontonian
Active Member
Barnaby
Active Member
That's still a ton of parking stalls. It makes me wonder if the same development style in 5 years, but placed next door even needs anything more than 10-50 stalls. The cost of adding underground parking (or surface), is a huge drag on development and rental affordability. They could build 1.5-2 of these for the price of one if there was no underground parking. When do the economics flip for developers? At some point the cap rate will flip in favour of zero parking for smaller units.
This, along with OEX, Merc 1, McLaren, 124th, the Oliverbahn, LRT Valley West, is going to make Oliver the best neighbourhood in the city.
This, along with OEX, Merc 1, McLaren, 124th, the Oliverbahn, LRT Valley West, is going to make Oliver the best neighbourhood in the city.
cmd uw
Active Member
Because parking generates a fair amount of revenue and value, and it's still in high demand and likely will be for a long, long time.
Barnaby
Active Member
I'm not arguing about the revenue, I'm arguing about future roi compared to building out more living and commercial space with that money. I genuinely believe that underground parking is a drag on cap rate in denser areas. I'm not saying that people don't want it.
This is also a rental. I don't think this applies to condominiums.
This is also a rental. I don't think this applies to condominiums.
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Glenco
Senior Member
The property to the south is/was owned by Leston. Maybe it is a joint venture.