[Edmcowboy11]

The question though is the owner of the property interested in doing something or (as I'm suspecting) is he/she happy to just sit on the property until a large offer to buy is made to him/her?

 

[kcantor]

it’s now held in a family trust that isn’t likely to develop in the current economic climate but would probably be happy to sell. they will want a good price which is probably what i would want want if it was my family trust and probably what you would want as well.

 

[itom987]

Does this family live in Edmonton or Calgary?

 

[kcantor]

^

i believe most of the family still lives here.

 

[itom987]

I take that as encouraging news.

 

[IanO]

I inquired a few years ago about the building/site, as did others.

$2.4 to 3.2 depending on who you asked if I recall.

 

[kcantor]

^

$1.9 was the last number i was given by the trust administrator and i would suspect something less but close to that might be achievable.

 

[Edmcowboy11]

Well that's more promising than I expected to hear. Now we just need a developer willing to take the leap.

 

[Kaizen]

 

[IanO]

Nice layering!

 

[cmd uw]

Yea, well done!

 

[Edmcowboy11]

Just too bad the Jasper ave rehab is now and not while these buildings were being done.

 

[CaptainBL]

View attachment 313186

That building directly attached to the left of Brighton Block is there a plan for that to be redeveloped? Is it a historical building as well?

 

[Edmcowboy11]

By the looks of that other building I'd say its relatively new in comparison.

 

[kcantor]

^^
that building is a 50's spec clunker with no redeeming heritage features outside of the nondescript clinker brick on the front. it's rife with asbestos, no operating hvac or electrical, no current code accommodations or fire separations, no elevator... it's held in a trust and could be bought (although not cheaply) and could be a lovely little infill site combined with the gem theatre site beside it.