[Daveography]

@archited Informals are unfortunately closed to the public, and I'm not sure stalking them outside of the meeting room is an image I want to reflect.

I'm still really skeptical of this one, I smell a rezone and flip.

 

[archited]

^ (that's why I recommended a fly costume -- not recognizable as Super-Dave ) I detect the same odor as you do.

 

[.crystalised.]

Maybe a silly question, but usually what happens with rezone/flips in Edmonton? Have any tall buildings stemmed from such a tactic?

 

[Daveography]

@.crystalised. You know, I can't really think of any off the top of my head.

 

[quit]

Maybe a silly question, but usually what happens with rezone/flips in Edmonton? Have any tall buildings stemmed from such a tactic?

I imagine there are better markets to do it in than Edmonton.

Is Greenlong an actual company? Their address is the same as: https://www.financialguys.ca/contact, which is linked to https://www.globalmaxfin.ca/. I mean, might be some dollars behind this, but it isn't very transparent.

https://cwedm.com/wp-content/uploads/2016/01/Edmonton_Americas_Marketbeat_Retail_Q42015-Approved.pdf

Appears they bought at least a portion for $4.5M in 2015.

Attached (not attached; didn't work, but the link is here) is the urban design brief and an image pulled from it from: http://estatedocbox.com/Apartments/100168658-Jasper-115-street-dc2-urban-design-brief.html

 

[cmd uw]

^Most sites that were 'upzoned' to a DC2 and put up for sale have sat and continue to sit - Founder's Ridge, Parkwood Tower, Bellamy Hill, Abbey Lane's 97 Avenue tower in Rossdale, etc. There really isn't much upside to be honest. Add in the fact that you can rezone almost any site and get that approved further reduces the 'perceived' upside of generous density rights. Different story when you have limited development sites and the entitlement process carries higher risks and costs.

 

[cmd uw]

The only thread of credibility here lies in the fact that Stantec is a consultant. Flipping land that has been rezoned has happened a few times in Edmonton in the past but I would say that its success rate for finding a new buyer who wants to follow through with development is indeed rare -- usually only happens if their is financing trouble plaguing the site -- e.g. The Hat in the quarters; the Pendennis Hotel, also in the quarters. Sometimes, however, the motive is less obvious -- if the buy/flip master has other land in the vicinity, it can have the effect of raising the value of adjacent land without causing taxes to go up accordingly.

The Pendennis fiasco wasn't intended to be a flip. The folks that were trying to get the museum going messed up...royally, and the site went into receivership.

 

[Daveography]

Whoa, this is still alive?

@Avenuer Do you know if Andrew Cheung is still the architect?

 

[Clearshades]

That particular zone has gone unchanged since 1980 or longer, so it is ripen to developments.

 

[EdmTrekker]

I can't find any web presence on the developer listed. Or for that matter even a website for the architect.

 

[Daveography]

@EdmTrekker Yeah, neither have a web presence. Imagine that in this day and age.

 

[Platinum107]

This, Edmonton Motors, and (maybe) Emerald will create, as the urban planning experts call, a "Chunky Node" in West Jasper

 

[quit]

This, Edmonton Motors, and (maybe) Emerald will create, as the urban planning experts call, a "Chunky Node" in West Jasper

Wait, are we talking about development, drugs or guitar riffs?

 

[Daveography]

@archited I bumped my vote up one notch to Like. I need to see more before I can consider another notch, but it's promising.

 

[crisp]

Yah with the quality of those renders, I'm going to hold off on getting too excited about this project. 100% those jaggedy balconies will be revised. Also personally like the podium and street presence of the Edmonton Motors development more.