What do you think of this project?

  • Total voters
    40
_Citizen_Dane_ said:
^Agreed. Of all the projects proposed for the west Jasper Avenue area, I'm really glad this one in particular is moving forward. The section between 112th and 117th can use all the help it can get density-wise.
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I wouldn't count this one as moving forward yet.

Speaking to a contractor working on this project, they are getting a little scared how quiet things are with the developer.
 
It is vital that Jasper Avenue from downtown to 124st area show more changes. It has barely augmented since my first move into Edmonton as an 18 yr old young kid in 1988. Roads or sidewalks' improvements has never once been given any attentiveness from 108st to 124st since I was that teen which would be over 30 years- 33 (at minimum) infact.
 
strata said:
I wouldn't count this one as moving forward yet.

Speaking to a contractor working on this project, they are getting a little scared how quiet things are with the developer.
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Kirkor submitted the parkade building permit at the beginning of March so maybe things have changed since then?
 
Would be odd for financing for a project this size to fall through at this point in the process.
 
Don't think it is an Edmonton phenomena. When America is about to financially sink, no investors are feeling rosy these days. Since our economy is so USA influenced...
 
Could have something to do with the rental real-estate market as well. Augustana doesn't look like its too full which is their property. The hat doesn't look very full. Housing market under 500k booming right now. Maybe they are re-thinking their strategy?
 
On the same token, I also wouldn't overreact the OTHER way just because of my comment based on a conversation with a contractor on the job...haha.

But yes, between construction costs increasing every 2 weeks, and a very tough housing market to predict in the short & long term, I would be cautious of treating any project as a go before construction kicks into high gear...regardless of the status of approvals & permits.
 
Clearshades said:
Don't think it is an Edmonton phenomena. When America is about to financially sink, no investors are feeling rosy these days. Since our economy is so USA influenced...
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Ehhh? Markets are at ATH right now.

strata said:
On the same token, I also wouldn't overreact the OTHER way just because of my comment based on a conversation with a contractor on the job...haha.

But yes, between construction costs increasing every 2 weeks, and a very tough housing market to predict in the short & long term, I would be cautious of treating any project as a go before construction kicks into high gear...regardless of the status of approvals & permits.
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True. As we all know, the permit/preconstruction phases take forever. That said, if this is the contractor doing demolition/excavation, there may be cause for concern. Haha.
 
OK... I'm curious how stock markets could be at an all time high when the whole globe was KO by COVID while most western nations are still in lockdown mode. The only country with positive GDP in 2020 of 2.8% was China when everyone else saw negatively declines. USA has nearly 29 trillion national debt with 86 trillion over all debt (all shown on the world debt clock). This does not include debt bonds other nations such as China (roughly 1 trillion) or Japan ( 1 trillion+) currently hold. If they sell those off. There are also stimulus debts to be tallied into the overall debts. Massive homelessness and on tle rise amongst other systemic issues. Stocks are for wealthier people, primarily the 10%, and they're not the true indicators imo.
 
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