[cameronhowe]

Is Park Point 2 dead? I noticed the DP sign was removed and I don't see it on Qualex's website anymore

I was wondering about this too. I'm hoping not as I think that would be a great development for that spot and it would be nice to fill in the gap.

 

[MichaelS]

Surprised they went through the process of getting the new DP for the smaller wood frame building, only to not follow through. Oh well, hopefully it means they are rethinking things and we will get a tower there like initially envisioned.

 

[FCC1982]

There are definitely going to be more highrises going up in the near future, lots of stuff in the pipeline still.

I can confirm this.

 

[Golfing guy]

Some big industrial projects coming too

Industrial? Can you expand? Warehousing or we getting a steel plant in the beltline?

 

[DougB]

Industrial? Can you expand? Warehousing or we getting a steel plant in the beltline?

Probably petrochemical plants in Edmonton region

 

[darwink]

Probably petrochemical plants in Edmonton region

Nope. Export oriented service industrial. If it comes to pass it will seem out of the blue for many.

 

[Duck Lightning]

https://twitter.com/x/status/1684572433381208068

 

[Mountain Man]

With the squeeze on industrial land in Metro Vancouver, Calgary is having a bit of a boom in industrial buildings, so no surprise.

 

[trtcttc]

Some actions I can think of are governments can reduce taxes on developers and development or subsidize the high interest on loans.

I see this a lot and I’m wondering if the reverse is possible, levy an extra tax on the vacant land. I understand developers are businesses and need to make a return but if there’s another company willing to take more risk we should let them develop the land. Similar to the vacant home tax, except enforcement would actually be possible.

 

[darwink]

I see this a lot and I’m wondering if the reverse is possible, levy an extra tax on the vacant land. I understand developers are businesses and need to make a return but if there’s another company willing to take more risk we should let them develop the land. Similar to the vacant home tax, except enforcement would actually be possible.

For residential zoned property it would be possible, not for non-residential, under the current provincial law.

 

[artvandelay]

With the squeeze on industrial land in Metro Vancouver, Calgary is having a bit of a boom in industrial buildings, so no surprise.

It's bananas but Calgary is now a primary distribution point for a ton of industries. Goods land at the port of Van, are shipper here via rail or truck, broken down in Calgary, and then shipped back to BC via truck.

 

[badc0ffee]

Crossing the Rockies twice...

 

[darwink]

Crossing the Rockies twice...

For Canadian Tire, the containers and well cars need to flow back to the port anyways. Why not fill them for the stores in the lower mainland?

It is somewhat akin to how a good portion of Calgary's vegetables for a long time came from Revelstoke if not the lower mainland during the steam age. There were lots of empty box cars heading back east, why not fill them for stuff for Alberta? If the veggies were paying their full freight it wouldn't be done, but they weren't.

 

[trtcttc]

It's bananas but Calgary is now a primary distribution point for a ton of industries. Goods land at the port of Van, are shipper here via rail or truck, broken down in Calgary, and then shipped back to BC via truck.

Something very similar happens in the US with Port of Los Angeles and Phoenix, if anyone wants more details on how it works/why it's profitable.

 

[AtlanticAvenue]

Something very similar happens in the US with Port of Los Angeles and Phoenix, if anyone wants more details on how it works/why it's profitable.

Here’s a video that breaks it down pretty well.