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| Real-Estate & Development This forum looks at specific real estate projects and developments - past, present, and future - in the Edmonton area. Here’s where to look for updates on developments, read about new projects, suggest improvements to buildings or other projects. |
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#1 |
![]() Join Date: Jul 2006
Location: Edmonton
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Edmonton Construction Thread
Hi all, Thought it would be a good idea to bring this over from SSP. This is a project of mine that I update frequently. Right now, this is in trial in C2E to see response and over all opinions of this thread. I welcome you all to view, and advise me of any missing information, as there are many blanks. If you know of some other projects that should be added, or ways to make this better, please, by all means, send me what you have. Relevant links http://en.wikipedia.org/wiki/Edmonton,_Alberta http://forum.skyscraperpage.com/showthread.php?t=119448 <--- Edmonton Construction Thread on Skyscraperpage.com forum This is a current work in progress...if you know details to fill in the blanks, send me a PM. If you have new news, post it in the thread, and I will update it ASAP. ![]() ![]() Under Construction Century Park - partial under construction - full build out over many years Developer: Westbank and Procura Architect: James KM Cheng Location: Former Hertiage Mall Site, East side of 111th Street, North of 23rd Avenue Number of floors: proposed Century Park - Tower 1 - 20 Floors proposed Century Park - Tower 2 - 18 Floors proposed Century Park - Tower 3 - 18 Floors proposed Century Park - Tower 4 - 20 Floors proposed Century Park - Tower 5 - 24 Floors proposed Century Park - Tower 6 - 24 Floors proposed Century Park - Tower 7 - 24 Floors proposed Century Park - Tower 8 - 24 Floors proposed Century Park - Tower 9 - 12 Floors proposed Century Park - Tower 10 - 20 Floors proposed Century Park - Tower 11 - 16 Floors proposed Century Park - Tower 12 - 12 Floors URL: http://www.centurypark.ca/ ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Total Floor Count Century Park: 232 The Icon Tower 1 and podium - under construction The Icon Tower 2 - proposed/planning Developer: ? Architect: ? Location: 104th Street between 102 Avenue and Jasper Avenue Number of floors: 2 x 30 URL: www.theicon.ca The Parliament - completed Developer: ? Architect: C.W TSE Architects LTD. Location: 9939 109th Street Number of floors: 18 URL: http://theparliament.ca/ Windermere - Under Construction Developer: Commercial Lands Ltd. Architect: Location: South of Anthony Henday, on Tewillegar Number of floors: Various URL: http://www.windermereedmonton.com ![]() ![]() ![]() ![]() Rivervista - Under Construction ? Developer: Christenson Developments Architect: ? Location: 9707-106th STREET Number of floors: 13 URL: http://www.cdlhomes.com/rivervista/index.htm ![]() The Illuminada - Completed Illuminada 2 - under construction Developer: WAM Development Group Architect: ? Location: Jasper Avenue between 119th and 120th Street Number of floors: 2 x 12 URL: http://www.theilluminada.com/ ![]() ![]() The Venetian - under construction Developer: Abbey Lane homes Architect: CSG Location: Old site of Sidetrack Cafe on 104th Avenue Number of floors: 6 URL: ? ![]() The Imperial - under construction Developer: BCM Development Architect: ? Location: ? Number of floors: 6 URL: ? ![]() ![]() ![]() ![]() SoHo in Cloverdale Developer: Time Developments Architect: ? Location: Cloverdale Number of floors: 4 URL: http://www.sohocloverdale.com/ ![]() Cecil site - Sobeys - under construction Developer: ? Architect: ? Location: NW Corner of 104th St. and Jasper Ave Number of floors: 4 or more? URL: ? ![]() ![]() ![]() ![]() Center in the Park - under construction Developer: Christensen Developments Architect: ? Location: Sherwood Park - Sherwood Drive near County Hall Number of floors: 4? URL: http://www.cdlhomes.com/centreinthepark/ ![]() ![]() ![]() ![]() The River Cree Resort and Marriott Hotel - Completed / Open Part of a $170 million, 362,600 square foot, full-service, state-of-the-art hotel and entertainment establishment, located on 49 acres on the outskirts of Edmonton Developer: ? Architect: ? Location: ? Number of floors: ? URL: http://marriott.com/property/propertypage/YEGMC ![]() ![]() YMCA Don Wheatons - Downtown - under construction Developer: ? Architect: ? Location: 102 Ave between 102nd and 103rd Street. Number of floors: 3 URL: ? ![]() Proposed StationLands - 3 or 4 Mixed Use buildings Developer: Qualico Lands http://www.qualicoedmonton.com/comme...ion/stat2.html Architect: ? Location: ? Number of floors: ? Tower A 3 149 m 34 Tower B 2 149 m 37 Tower C 1 69 m 15 Tower D 2 69 m 21 URL: http://www.stationlands.com/ ![]() ![]() ![]() ![]() ![]() Downtown East Re-vitalization Developer: ? Architect: ? Location: Jasper East Area Number of floors: URL: ? ![]() ![]() Bellamy Tower Developer: Trans America Group http://www.transamericagroup.com Architect: ? Location: Bellamy Hill Number of floors: 32 URL: http://www.transamericagroup.com ![]() Serenity Developer: Urban Landmarks http://www.urbanlandmarks.ca Architect: CSG www.csg.ca Location: ? Number of floors: URL: http://www.liveserenity.com/ Picture: ![]() ![]() Aurora Developer: Architect: BZA Location: ? Number of floors: Aurora 1( 18-28 ) Aurora 2( 18-28 ) Aurora 3( 18-28 ) Aurora 4( 18-28 ) Aurora 5( 18-28 ) Aurora 6( 18-28 ) URL: ![]() Fort Road Redevolpment Developer: City of Edmonton Architect: ? Location: Fort Road south of Belevdere LRT station Number of floors: URL: ? http://img291.imageshack.us/img291/1870/fortroadoz6.jpg Uptown Now approved by EDC Developer: True North Properties http://www.truenorthproperties.com/home.html Architect: Sylvie Perrault Location: Between Jasper Ave and Victoria Park Rd on 117 Street NW Number of floors: 15 Floors, 54 Suites URL: http://www.uptownedmonton.com/ ![]() ![]() The New North Developer: Alldritt Homes LTD Architect: ? Location: Clairview Number of Floors 4 Tower, 12 Stories each URL: www.thenewnorth.ca Vivacity - unknown Developer: True North Properties Architect: ? Location: 104th Street, North of 98 Avenue Number of floors: 18 URL: http://www.whatisvivacity.com/ ![]() ![]() GreyHound / VIA Rail Hub Developer: ? Architect: O'Neill O'Neill Procinsky Architects http://www.onpa.ca/swf/flash.html Location: 121 Street and Yellowhead Trail at current Via Rail Station Number of floors: URL: ![]() ![]() ![]() 105st 104ave tower Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? West Edmonton Mall Expansion This will include additional retail space, a facility for sports, trade shows and conventions, a 12-story office building, and a 600-unit apartment building, along with more parking. WEM Office Building Developer: ? Architect: ? Location: ? Number of floors: 12 URL: ? Picture: ? WEM Apartment Building Developer: ? Architect: ? Location: ? Number of floors: 12 URL: ? Picture: ? WEM convention centre WEM Hockey Arena Mystery loft (wig boutique) Developer: ? Architect: ? Location: Northside of 102 Avenue between 106 and 107 Street Number of floors: 4 URL: ? ![]() ![]() Element lofts Website contains no valuable information...HA! Developer: ? Architect: ? Location: ? Number of floors: 4 URL: http://www.elementlofts.com/ ![]() Fancy WAM building Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? Founder's Ridge Developer: BMC Developments Ltd Architect: Hartwig Architecture Inc Location: ? Number of floors: URL: http://www.emporis.com/en/wm/bu/?id=217765 Picture: ? The Zen Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? ![]() Alta vista 2 Developer: Christenson Developments Architect: Location: Railtown (South of 104th avenue on 111th Street) Number of floors: 12 URL:http://www.altavistarailtown.com/ http://www.cdlhomes.com/altavista/index.htm ![]() Celebrations Casino Developer: ? Architect: ? Location: ? Number of floors: ? URL: www.centurycasinos.com ![]() Strathern Heights Developer: ? Architect: ? Location: ? Number of floors: ? URL: www.strathearnrejuvination.ca ![]() ![]() China Town Condo Developer: ? Architect: ? Location: 105ave/98 Street Number of floors: 13 URL: ? ![]() Westcorp redevelopment of the old UofA tennis Developer: ? Architect: ? Location: 51 Ave Number of floors: 16 URL: ? ![]() ![]() Greystone Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? ![]() Meridian Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? Rossdale Green Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? Corner 1 Towers Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? Roundhouse Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? The Neo Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? Gates on 17th (rumour has it rejected by design panel?) Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? 103ave/105st tower Developer: ? Architect: ? Location: ? Number of floors URL: ? Picture: ? Edmontons Institutions and Health Care Facilities University of Alberta University of Alberta Downtown - Former Bay Building - Under Construction Developer: ? Architect: ? Location: Jasper Avenue between 103rd and 104th Street Number of floors: 4 URL: http://www.uofaweb.ualberta.ca/udt/ ![]() ![]() ![]() ![]() University of Alberta Phys Ed Addition Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? ![]() University of Alberta Health Research Innovation Facility - Under Construction - Nearly Completed Developer: ? Architect: ? Location: 89 Avenue between 112 Street and 114 Street (North End of University Hospital) Number of floors: 7-8 URL: http://www.uofaweb.ualberta.ca/pi/na...47&nav01=22192 ![]() ![]() ![]() University Hospital - Mazankowski Heart Institute - under construction Developer: ? Architect: ? Location: University Hospital, SE Corner, on 112th Street and 87th Avenue Number of floors: ? URL: http://www.albertaheartinstitute.ca/default.htm http://www.albertaheartinstitute.ca/...ion_Update.htm ![]() ![]() ![]() ![]() ![]() Edmonton Clinic Developer: ? Architect: ? Location: West of 114street West of UofA Hospital Number of floors: ? URL: ? ![]() ![]() ![]() Grant MacEwan College GMCC Robbins Health Center - Under Construction The 27,000-square-metre facility will provide classroom and laboratory space for MacEwan’s health sciences programs, allowing the college to accommodate up to 2,000 additional students at the City Centre Campus.MacEwan is committed to sustainable design,construction, and operational principles that will allow the building to meet high environmental standards in the Leadership in Energy and Environmental Design (LEED) program. Developer: ? Architect: ? Location: Corner of 109th Street, 104th Avenue Number of floors: 5 - 6 URL: http://www.gmcc.ab.ca/web/services/i...20Feb%2006.pdf ![]() ![]() ![]() Grant MacEwan Arts Centre Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? Northern Alberta Institute of Technology NAIT Petro-Canada Centre for Millwright Technology Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? NAIT Center for Buisness Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? http://img274.imageshack.us/img274/3...uisnessva4.jpg http://stream2.nait.ca/media/buildin...v?MSWMExt=.asf Norquest College - 3 buildings Developer: ? Architect: Cohos-evamy http://www.cohos-evamy.com Location: ? Number of floors: ? URL: ? ![]() ![]() Concordia University College of Alberta- Lois Hole Academic Centre- under construction Developer: ? Architect: Janusz Najfeldt Location: Highlands Campus, at 7128 Ada Blvd Number of floors: 4 URL:http://concordia.ab.ca/hac/ ![]() ![]() Royal Alex Hospital - Lois Hole Expansion (Center for Women) Developer: ? Architect: ? Location: Royal Alexander Hospital Number of floors: 9 URL: ? ![]() Art Gallery of Alberta Developer: ? Architect: Randall Stout www.stoutarc.com Location: ? Number of floors URL: www.artgalleryalberta.ca/ ![]() ![]() Ukrainian Canadian Archives & Museum of Alberta (UCAMA) Developer: ? Architect: ? Location: ? Number of floors: ? URL: http://www.ucama.ca/ ![]() Royal Alberta Museum Renovations Developer: ? Architect: ? Location: ? Number of floors URL Picture: ? Rumours New NHL Arena Developer: ? Architect: ? Location: ? Number of floors: ? ![]() Arlington + Tower Developer: ? Architect: ? Location: ? Number of floors: ? URL: http://www.vueweekly.com/articles/default.aspx?i=1964 ![]() Canada Place Addition/ 3rd Phase Developer: ? Architect: ? Location: ? Number of floors: ? ![]() 12 Story Office Tower on Jasper and 110Street Southside Developer: ? Architect: ? Location: ? Number of floors: ? URL Picture: ? Office tower on Jasper/102st Developer: ?? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? Bell Tower 2? Developer: ?? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? BMO Tower Replacement Developer: ?? Architect: ? Location: ? Number of floors: 20 URL: ? Picture: ? Crown Plaza Condo Tower Developer: ? Architect: ? Location: ? Number of floors: URL: ? Picture: ? WEM condo WEM office WEM convention centre WEM Hockey Arena Developer: ? Architect: ? Location: ? Number of floors URL Picture: ? *Kevin's 80 storey AAA office rumour:> Developer: ? Architect: ? Location: ? Number of floors URL Picture: ? Trinity Pointe Developer: ? Architect: ? Location: ? Number of floors: ? URL: http://www.elementlofts.com/ ![]() 97street "arts lofts" Developer: ? Architect: ? Location: ? Number of floors: ? URL: ? Picture: ? Misc Devonian retrofit - under construction Developer: Canterra Architect: ? Location: ? Number of floors: 14? URL: ? Professional Building addition/remodel Developer: Architect: ? Location: ? Number of floors: URL: ? Edmonton LRT Construction ![]() Under Construction South LRT The extension will occur over three phases. Phase 1: University Station to Health Sciences Station opens in January 2006 Phase 2: Health Sciences Station to South Campus Station opens by the end of 2008 Phase 3: South Campus Station to Century Park opens by the end of 2009 ![]() www.edmontonslrt.com Southgate Station ![]() [COLOR="Red"][SIZE="3"]Planned and Proposed[/SIZE][/COLOR] West LRT Lots of Information on the whole project here http://www.edmnton.ca/portal/server....ning+Study.htm 3 Different possible routes exist 1. Lewis Estate to Health Sciences http://www.edmonton.ca/RoadsTraffic/...thsciences.pdf 2. Lewis Estate to South Campus http://www.edmonton.ca/RoadsTraffic/...outhcampus.pdf 3. Lewis Estate to Downtown http://www.edmonton.ca/RoadsTraffic/...20downtown.pdf North LRT Still in the earlier planning stages http://www.edmonton.ca/RoadsTraffic/...20Council1.pdf ![]() South East BRT http://www.edmonton.ca/RoadsTraffic/...%20options.pdf http://www.edmonton.ca/RoadsTraffic/...%20options.pdf Edmonton Roadway Construction Under Construction Anthony Henday Drive ![]() Anthony Henday SW The southwest component of Anthony Henday Drive will be opening fall 2006. For the latest update, please click here. http://www.infratrans.gov.ab.ca/INFT...2006update.pdf Photos: http://www.infratrans.gov.ab.ca/INFT...2006Photos.htm http://www.infratrans.gov.ab.ca/INFT...tusNov2005.pdf Anthony Henday Drive SE Scheduled to open in Fall 2007 http://www.accessroadsedmonton.ca/ ![]() Other 156 Street / Yellowhead - nearly completed - overpass Planned and Proposed 23 Ave and gateway ![]() http://www.23ave-interchange.com/ Anthony Henday NE Anthony Henday NW |
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#2 |
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Addicted to C2E
Join Date: Feb 2006
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Excellent list Feepa!
I want to mention that Altavista II is under construction because I saw the basement level being excavated today. |
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#3 |
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Addicted to C2E
Join Date: Feb 2006
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Here are some images of the proposed condo development for 142 St. & Stony Plain Rd.
Keep in mind that the towers won't be taller then the existing highrise Crescent Place at 18 storey. ![]() ![]() ![]() |
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#4 |
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Addicted to C2E
Site Admin
Join Date: Feb 2006
Location: Edmonton
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...and Glenora is fighting that???
It needs more street level retail, but...
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sigh |
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#5 |
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Addicted to C2E
Join Date: Feb 2006
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That project would be good for the area.
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#6 |
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Addicted to C2E
Join Date: Mar 2006
Location: Strathearn, Edmonton
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Its fine, very different from the norm for Edmonton. Round is cool, I can definitly handle this.
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Thinks density = vibrancy...crazy I know. |
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#7 |
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Addicted to C2E
Join Date: Feb 2006
Location: Edmonton
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appropriate size for the area - check
good scaling - check townhouses - check urban design - check good mix of buildings - check tower design - ...need more pictures, but im gonna say meh. |
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#8 |
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Partially Addicted to C2E
Join Date: Jul 2006
Location: Edmonton
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I think it's time for Edmonton to do something different. I like the round design. Not like we need another pyramid in the city.
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#9 | |
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Addicted to C2E
Join Date: Feb 2006
Location: Edmonton
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Quote:
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#10 |
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Addicted to C2E
Join Date: Mar 2006
Location: Strathearn, Edmonton
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These really aren't that bad though. The bases of the towers don't look very good, but its impossible to see any detail on the masonry work and I don't like the elevator shaft sticking past the top level of the building and I would change the color of glass to transparent or light blue, though that might look awful with this color masonry.
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Thinks density = vibrancy...crazy I know. |
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#11 | |
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Partially Addicted to C2E
Join Date: Jul 2006
Location: Edmonton
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Quote:
I've looked at it more, and I reallyl ike the round. I think what I like the most though is the amount of glass that's going in. |
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#12 |
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Addicted to C2E
Join Date: Mar 2006
Location: Edmonton, Alberta
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I like that devellopment plan. It would bring more character to that area of the city.
Here is some pics of a new devellopment starting in south edmonton at Gateway business park. There is a couple more pics and floor plans on the website. The link to the site is below the picture. ![]() http://www.thesteppes.ca/
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This town is my town |
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#13 |
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Addicted to C2E
Join Date: Jul 2006
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While it's refreshing to see a new approach in the Glenora design, I think they miss the mark. Those slanted bases scream 1980's hotel on the Mayan riveria or some other spot. Street level looks good, but, quite frankly, I don't get how the picture they show comes from the same buildings. I think the towers are fine. I have nothing against round. Overall, it just seems out of time and context.
Interested how you would compare this project to the strathern and Aurora proposals. I know which I feel do a better job of fitting into their time and surroundings. |
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#14 |
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Addicted to C2E
Join Date: Feb 2006
Location: Edmonton
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^amen, stathern and aurora is far far beyond this project.
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#15 |
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Partially Addicted to C2E
Join Date: Nov 2006
Location: edmonton
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FEEPA - you posted this article in November and I really enjoyed reading it, BUT it needs to be updated. ( in the short period since you first posted it, several new projects have been confirmed and a few others rumored). For any first time readers, this article makes you step back and gasp at the amount of redevelopment/construction that is going on in the Edmonton area.
Thanks for doing this, when you have a few free moments. |
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#16 | |
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Addicted to C2E
Join Date: Feb 2006
Location: Edmonton
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Quote:
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#17 |
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Partially Addicted to C2E
Join Date: Nov 2006
Location: edmonton
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The DT is not the only place that condos are being built. If you look at the Metro Edm area, you'll see them coming up everywhere. I get a sense that because Edmonton trailed most of the major cities in Canada for some many years, some people here are very impatient and expect everything to be rebuilt over night. I was transferred to Edmonton16 years ago and have seen alot of changes. The rail yards were still downtown where Grant McKweon now sits. Railtown was a disgusting abandoned yard. The "Rat Hole" graced 109th St. There was no development along 104th Ave. Our Downtown was really bad and no doubt contributed to companies moving to Calgary.
That was then and this is now. I think we have turned the corner and are going in the right direction. The attitude in Edmonton at all levels is becoming more positive BUT, let's be patient. I predict it will take another 10 years before all of this redevelopment and new construction radically changes the face of our DT. Take a deep breath, relax and have a beer!!!!! |
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#18 | |
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Addicted to C2E
Join Date: Feb 2006
Location: Edmonton
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Quote:
have a beer i will....but honestly....the past 5 yrs have been mediocre at best given our state here in Edmonton and wood frame 4 storey ellerslie road condos dont convince me we are in a boom........20-40 storey condos in the heart of the city do. 10 yrs calgary, vancouver, et al will be 20 ahead of us....thats 20 more and top of the 200. |
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#19 |
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Addicted to C2E
Join Date: Mar 2006
Location: Edmonton, Alberta
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I think Edmonton is actually develloping at a decent pace, especially considering the pace we've been at in past years. With that said, I would like to see more things happen and sooner. Other LRT projects, further road devellopments, new subdivisions will definitely help the pace Edmonton is at. Downtown is transforming right now before our eyes and hopefully soon there will be more announcements of other big projects. You have to crawl before you walk and walk before you run. I think we've finally progressed to the walking stage which is ok for now.
I can't remember the thread here on c2e for the Professional Building but here is the link to procura's website. This is a good example of something really good coming to downtown Edmonton. http://www.procura.ca/2006/commercia...albuilding.htm
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This town is my town |
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#20 |
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Addicted to C2E
Join Date: Feb 2006
Location: Edmonton
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A good pace is ok in good times.....but we are experiencing HUGE net migration, a renewed urban living demand, and big capital $ in the area.....
Look at calgary, a city of about the same size and yes demographics are different to some degree, they have prob 2-3 times the number of condo proposals in the core and beltline or significantly better design, material, and size. There should be cranes a plenty in the core, not a handful. |
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#21 |
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Addicted to C2E
Join Date: Jul 2006
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Cowboy - the procura re-development is an example of a decent re-development (great street front improvement, sorry about the dark glass and removal of nice facade). As others have said, a project of this sort would barely register in other major cities across Canada. In fact, I can't imagine most major cities in Canada today approving an office building in their core that is only 10-12 stories yet takes up virtually an entire city block. Good on them for the LEED cert. though.
They are 'very good' or good projects underway in the core (the icon, sobeys, new museum, the ymca, and the bay building minus awful corragated tin) but these were all announced in 2005. I can't think of any 'very good' projects from 2006 and share Ian's dismay with the lack of Condo's inparticular. These things are selling out within days of going on sale and for the most part (aurora excluded) we are still seeing 5-6 story pretty jobs in areas surrounding the core. It reeks of small thinking and fear. How outside developers haven't taken note and moved to get in on this is beyond me. Maybe with our recent real estate 'correction' things will change. Murman, you seem to have a finger on the pulse of outside developers, hearing any indications of that? |
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#22 | |
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Addicted to C2E
Join Date: Feb 2006
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Quote:
This may be hard for some to swallow, but for the vast majority of major big name developers, Edmonton doesn't show up on their maps or in their dictionaries. The really big outside developers are already far too busy working on a wealth of opportunities elsewhere. Those opportunities are viewed as having much lower risk and greater opportunity, especially beyond the short term. For those that ARE aware of Edmonton, they are unfortunately too aware of how much they got burned in the last big crash (early 80s), and would never touch Edmonton again. Until those old boys are retired, don't count on their companies looking at Edmonton ever again. Edmonton is still viewed as being at the upper end of the risk spectrum. It's economic cycle is particularly volatile vis-a-vis other major centres. As a final comment, even though Edmonton has the appearances of an economic boom going on, for most outsiders it's a "so what" kind of boom. In other words, the boom is not tangibly manifesting itself, unless you consider acre upon acre of outdoor pipe storage (and mile after mile of cookie-cutter suburbia) your best evidence of a boom. Sorry... just telling you what I'm hearing. Aside from Westbank being brought in to participate with Procura on the redevelopment of Heritage Mall, I'm hearing a lot of "don't bother me with Edmonton, I'm doing well enough elsewhere, thank you". |
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#23 |
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Addicted to C2E
Join Date: Jul 2006
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Thanks Murman - although not nice to hear, its good to know what the outside thinking is. Couple of questions for you: did Calgary suffer from the same risk apprehension until a couple of years ago or is it a different game altogether with Edmonton? I didn't live in Edmonton during the last crash but were any of the major big name developers in town at that time?
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#24 | |
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Addicted to C2E
Join Date: Feb 2006
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Quote:
If anything, Calgary's been very good at covering up past troubles (like, say, back in the latter 90s when oil dropped to $12 a barrel). If anything, these days, Calgary's very good at acting bulletproof, and that's really attracted attention. Nothing like the power of Calgary's creative marketing (as others here will attest to with some vigour) to make it seem like Edmonton doesn't even exist. Big name developers in Edmonton during the last crash? Oh, lord, yes many. Trizec, Oxford, Manulife (who really's been burned in Edmonton), SunLife, O&Y, just to name a few. |
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#25 |
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Partially Addicted to C2E
Join Date: Nov 2006
Location: edmonton
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Mick: I would add a number of other "very good - good" recent condo developments in the downtown area to the list. (ie. Omega, Jasper Landing, One River Park on Sask Drive, the Parliament, Illuminada 1,& 2, River Vista and Alta Vista). The recent condo guide lists 26 condos that are under construction or recently completed in the DT. However only half are high rises and yes we do need more of those.
A knowledgeable realator however recently told me that the only concern developors have about the Edmonton downtown market is that majority of it right now is speculators and if they overbuild will there still be a market in 2-3 years when many of these buildings are completed and ready for occupancy. Icon 1 for example will not be completed until the summer 2008. The Calgary market is different. Their downtown has atleast 4 times as many offices as ours does, so they have more people there who want to live downtown. Edmonton will improve as we get a few more office complexes built and get more working folks into the DT area |
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#26 |
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Addicted to C2E
Join Date: Feb 2006
Location: Edmonton
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^that is a bunch of BS.......there is a HUGE demand for downtown condos....as much as Calgary IMO, but people are blind to see it. You dont have to have your work downtown to live downtown and urban living is beginning to be big here. I know many people who live downtown and reverse commute.
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#27 |
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Partially Addicted to C2E
Join Date: Nov 2006
Location: edmonton
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Well Ian, If there was infact such a HUGH demand for condos downtown I think more people would be building them. Those companies who have to put their 30 - 50 Million on the line to build a high rise condo seem to have other opinions on this matter and are obviously being cautious. But the good news is that a good number are being built and others will follow, just not as quickly as you would like to see that happen.
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#28 |
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Addicted to C2E
Join Date: Jul 2006
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Ridgeman - I was talking specifically about the core. Many of the projects you listed are outside of the core - one river park, illuminada? Omega was completed almost two years ago now. I was speaking specifically of the last two years during the hottest period economically.
In addition, I believe Murman has just listed a bunch of reasons why we aren't seeing more development in the core. Given how we have seen condo's been snapped up around the core, demand does not seem to be a problem. Risk is inherent in any development is it not? Century park is a risk but they are still going ahead. I was simply interested in what factors may be keeping the large traditional developers out of Edmonton. From what Murman says, it appears to be only minimally based on current market conditions. |
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#29 |
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Addicted to C2E
Site Admin
Join Date: Feb 2006
Location: Edmonton
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/\ market conditions + past perceptions + ineffective marketing = where's Edmonton again?
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sigh |
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#30 | |
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Addicted to C2E
Join Date: Oct 2006
Location: Ottawa
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Opportunity Cost. That is what is stalling downtown development. Any developer is making less money in Edmonton than they would for the same effort in the other cities. With a crunch in labour and machinery for that scale of construction, what sane developer would come here. Development is starting to take off now that housing prices have jumped about 35% in a year. Another sizeable jump and you'll start to see the cranes get erected. |
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#31 | |
![]() Join Date: Jul 2006
Location: Edmonton
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you should just visit the thread over here which is updated very regularly by me http://forum.skyscraperpage.com/showthread.php?t=123054 I update that very regularly. I do not like doing this thread here, as per the way it displays pictures and the general layout of the forum is unfavorable to me. (RichardS, I still like the idea and content of the forum though) |
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#32 |
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Partially Addicted to C2E
Join Date: Nov 2006
Location: edmonton
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Thanks FEEPA, I'll do that.
Richard is it possible to make this site as a tab on the C2E main page????. I think it is awesome way to tell the world what is happening in Edmonton. ( I have been telling all of my contacts to check this out) Again thanks for doing this FEEPA. |
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#33 |
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Addicted to C2E
Join Date: Mar 2006
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"Nope. Just the dire consequences of being in the city with the lowest property values of the boom cities. The sad fact is that during the boom, you build where you will make the most money. In Victoria, a bachelor suite less than 350sq ft is 165,000$ with a view of a wall. Ditto for Kelowna, Calgary, and Vancouver. In Edmonton that gets you a south facing one bedroom suite with river valley view.... "
you are waaaaaaaaaaaaaay off base on that one. in edmonton, a decent 750 sqft condo with a view downtown goes for $250 and up. you cannot compare an existing old building with a new development. look for something built in the last few years and try making an offer with your $165,000. your ears will be ringing with loughter until 2010. |
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#34 | |
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Addicted to C2E
Join Date: Feb 2006
Location: Edmonton
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#35 |
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Addicted to C2E
Join Date: Oct 2006
Location: Ottawa
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Are you folks trying to seriously tell me that real estate prices in Edmonton aren't cheaper than Victoria, Calgary or Vancouver?
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#36 | |
![]() Join Date: Jul 2006
Location: Edmonton
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#37 |
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Addicted to C2E
Join Date: Mar 2006
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i am saying that in edmonton something decent in a newish building will go for $250 thousand and up. properties in edmonton (apartments) go for about $300-$350 a sq ft, extra for view, height, location.
and IanO--you know it... |
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#38 | ||
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Addicted to C2E
Join Date: Oct 2006
Location: Ottawa
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#39 | |||
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Addicted to C2E
Join Date: Mar 2006
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IanO, I did some calculations and yours might go for $256,000. sure you have some water damage, but once you cash in all those beer bottles on your balcony...that for sure will put you over the top :P |
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#40 |
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First One is Always Free
Join Date: Mar 2007
Location: Edmonton, Alberta
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The yellow construction box on 100 Avenue at 117 Street is atop established highrises. Should it perhaps be on 100 Ave. between 119 St and 121 St? Is it meant to be Lessard House?
Douglas Oakley |
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#41 |
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Addicted to C2E
Join Date: Feb 2006
Location: Edmonton
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that was for uptown estates, but yes it should not have gone that far south.
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#42 |
![]() Join Date: Jul 2006
Location: Edmonton
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That map provided by google maps, and modified by myself, only is a close proximity of where I believe the developments are actually occurring. I take no responsibility for not getting the exact location correct. Use of this map should be only as a rough guide/approximation to where new developments are and might occur. Perhaps over a cooler fall/winter, I may devote more time into this pet project of mine. I will be honest, I have not really kept it up to date. Luckily, Xelebes has on another forum, and I will look to see if we can some how collaborate on this together in the future..
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boom boom akalaka boom boom everybody walk the dinosaur |
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#43 |
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Addicted to C2E
Join Date: Feb 2006
Location: Edmonton
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^no need...there is a professional one in the works and should be done shortly:>
no, not by me |
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#44 | |
![]() Join Date: Jul 2006
Location: Edmonton
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Quote:
__________________
boom boom akalaka boom boom everybody walk the dinosaur |
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