Mountain Man said:
I think these are the numbers they want, will depend on whether they can sell units, inflation due to tariffs, interest rates and a million other things. I still think this entire development is pretty pie in the sky, especially for a developer that's never built a building even close to this scale.
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New tallests are often proposed towards the end of the development cycle - lots of frictions out there in the local, national and global economy right now and a massive slowdown in immigration is well underway. Calgary has learned how to build rapidly, putting downward pressure on rents and house prices as well.

It would be great if these towers came to fruition quickly... but it also wouldn't be the first time that great optimism and a awesome render for a sleek new tower project comes back down to earth with changes to economic conditions, and the inherent financial and logistical challenges of building something so large.
 
I logged on last night also. The timeline presented was still for construction to commence in early 2027 with completion of both towers by 2030. They did say this was the “most optimistic” schedule but that seemed to be more in relation to getting approvals & permits.

And yeah that one gal went on and on about the geese and that this is a “natural area” (it’s actually currently a parking lot but whatever). It was like this was being proposed in the heart of Fish Creek park or something 😄

It’s still a Happy Friday as far as I’m concerned.
 
I was hoping Truman would start construction next year, but oh well. Perhaps they are trying to coordinate their trades, since they have so many projects on the go and a bunch more (West District, Marc & Mada etc) in the pipeline. It'll be interesting to see who starts construction first between Truman and Vesta (hopefully both, or at least one of the two projects, moves ahead!)
 
CtrlAltDel said:
Not sure if anyone else listened in, but it was pretty informative. There was a Q&A session afterward, and overall, most people seemed satisfied with the development. A couple of people were concerned about their view (or lack thereof), but that was to be expected. Another person went on about it damaging to the environment and the migratory path of birds.

I believe they said the shorter tower would be constructed first. I was a little disappointed to hear that.
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I tuned in as well and they said the taller W Tower will be constructed first.
 
Roaring Flames said:

Found a project schedule in the application brief:​

View attachment 671926
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Found a post with the schedule (thank-you Roaring Flames) and this from the press release:
IMG_5039.png

So it seems the tallest tower “W” will be completed first in 2029.
 
Roaring Flames said:
Once again, the project schedule they've given out says construction phase Jan 2027 - Jan 2030
It's possible that schedule doesn't include the excavation phase, and things could start earlier in 2026?
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3 years to build a pair of 60-70 storey towers is a really tight timeline, and i imagine their agreements with Marriott probably have timeline commitments that would need to be met. I could see shoring and excavation starting next summer with actual concrete construction commencing in January 27. Just speculation, but certainly possible?
 
Cowtown said:
I wonder if we’re gonna see any marketing for the condo units, or is this gonna be like the Truman trio, where the units are magically sold somewhere else and the project goes ahead?
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I would be surprised if we see a sales centre here in Calgary. I bet it'll be similar to what we saw with the others. whether they can sell them though is another story. A couple of years back everything was selling like crazy, but it's a different market for investor condos today.
 
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