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Gronk! said:
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What a bizarre thing to put on a poster. For the general public, or even most building tenants, most won't have a clue what it pertains to, or why it matters to them. Even just a couple of words would help spur people to then go QR coding.

Was that plunked down in what was a Triovest-managed property?

(and yes I know people on both sides of that acquisition)
 
Offworld said:
What a bizarre thing to put on a poster. For the general public, or even most building tenants, most won't have a clue what it pertains to, or why it matters to them. Even just a couple of words would help spur people to then go QR coding.

Was that plunked down in what was a Triovest-managed property?

(and yes I know people on both sides of that acquisition)
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Telus House in ATB Place, near the south entrance.
 
New Guaranteed Timelines Program accelerates development approvals
June 18, 2025

The City of Edmonton launched its Guaranteed Timelines program today. The program provides qualifying industrial developments with a more streamlined and predictable permitting process to help businesses start and grow faster than ever before. It is the next step in the work the City continues to do to make it faster and easier to develop and do business in Edmonton.

“The Guaranteed Timelines program gives our development community the predictability they need to confidently move projects forward,” said Travis Pawlyk, Branch Manager, Development Services. “Whether it’s a development permit or a partial building permit, we’re committing to clear timelines and better service.”

To create a more business-friendly environment, the City partners applicants with its Client Liaison Unit (CLU). This partnership supports the submission of a complete application and guarantees that a development permit and partial building permit (for footing and foundation or excavation) will be issued within 40 calendar days. The program is available to eligible new industrial developments on fully serviced land that meet all zoning and design criteria.

Key features of the Guaranteed Timelines program:
  • Guaranteed processing timelines of 40 calendar days for development and partial building permits on qualified projects.
  • A streamlined review process for quicker turnaround times.
  • Access to a dedicated CLU to support applicants through the process.
“This program is one of many steps we’ve taken to make Edmonton more investment-ready,” said Alisa Laliberte, Branch Manager, Economy. “By reducing approval times and improving certainty, we’re helping position Edmonton as a competitive, attractive destination for industrial investment and job creation.”

“Timely approvals are critical to the success of industrial development projects,” said Robynn Holstein, Executive Director, NAIOP Edmonton. “The Guaranteed Timelines program is a strong step forward in creating the kind of efficient and predictable processes that industry has long been asking for. We applaud the City’s leadership and collaboration in making this a reality.”

The City’s dedication to streamlining processes and reducing delays is already having a significant positive impact. These results demonstrate the tangible benefits of our continuous efforts to improve services:
  • Since 2019, red tape reductions and service improvements have saved planning and development customers an estimated 167,000 days and $9.2 million annually.
  • Edmonton's Permit and Licence Improvement Initiative was the 2022 winner of the Government of Alberta's Municipal Excellence Awards in the Red Tape Reduction category.
For more information:
edmonton.ca/GuaranteedIndustrialTimelines

Media contact:
Nicole Pearson
Senior Marketing Advisor
Urban Planning & Economy
780-217-8162
 
I saw this tidbit from Marcus & Millichap's Q2 2025 report.

Space need on gradual upwards trajectory. Edmonton’s office vacancy rate has been on a three-year decline since peaking at 17.4 per cent in 2021. Leasing demand has been gradually improving, with an average of 240,000 square feet absorbed annually over that period. Preliminary data for the second quarter of this year suggests vacancy will continue to fall, despite uncertainties surrounding trade policies. A strong public sector presence and a resilient energy services indus- try are acting as stabilizing forces amid a volatile external environ- ment, helping sustain steady growth in leasing activity. Even though the metro’s office vacancy rate remains among the highest in Canada, a significant portion of the unoccupied space is concentrated in a handful of buildings within the downtown submarkets. In contrast, vacancy rates in suburban areas are approaching single digits, which suggests that underlying leasing demand metrowide is stronger than the elevated overall vacancy rate implies.
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Does anyone have any clues regarding which buildings those vacancies are concentrated? It's not the first time I've come across a report essentially going "yeah it looks bad but it's disproportionately located in a few buildings rather than the entirety of downtown's office market"
 
Kosy123 said:
I saw this tidbit from Marcus & Millichap's Q2 2025 report.



Does anyone have any clues regarding which buildings those vacancies are concentrated? It's not the first time I've come across a report essentially going "yeah it looks bad but it's disproportionately located in a few buildings rather than the entirety of downtown's office market"
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I read an article earlier today which stated that Edmonton's DT sat at 20% vacancy, compared to 30% in Calgary. Apperantly Calgary has (one of?) the worst vacancy rates in North America.

Found an Avison Young report corroborating the 20%.
 
Calgary moves in numbers of a different magnitude than we do though and A LOT of that are buildings needing to be repurposed or significant investments made.
 
A lot of people forget or don't realize some repurposing was done here decades ago, before it was as fashionable. So some of the buildings better suited for repurposing here already have been.

Regarding magnitude, I suspect the higher vacancy rate, more and larger buildings in Calgary also makes repurposing more relevant and necessary for them now.
 
policyenthusiast said:
CMHC has officially put out the worst housing affordability projection chart I have ever seen.

can-1-en.svg


Good news everyone - starting today, price-to-income ratios are going to become perfectly stable for 10 years. We solved housing.
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I am a bit cynical about projections maybe because I have seen many that have turned out not to be accurate especially those that predict the future being similar to the present.

Looking at the chart, we are way above the average for the period covered, so my sense is we will get back to around 40% or so some how.
 
For Sale - Connaught Armoury in Strathcona


Presenting an exceptional opportunity to acquire a prime DC1 14507 potential redevelopment site in Edmonton's iconic Old Strathcona Provincial Historic Area and Business Improvement Area (BIA). This site offers developers a unique chance to capitalize on the area's dynamic energy while preserving its valuable heritage. The excess land has rezoning potential. If rezoned, and under the guidance of the Scona District Plan, this portion of the site could potentially be redeveloped with a multi-unit residential building with covered parking and limited commercial uses on the first floor.
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A portion of the parcel contains the Connaught Armoury, The Connaught Armoury is situated in the popular "Whyte Ave" district, a vibrant area and found between major vehicle corridors: Gateway Boulevard and 104 Street NW (Calgary Trail South). This area is rich with art, culture, historic charm, and modern design. It is adjacent to the Old Strathcona Farmers' Market, restaurants, and shops. Top education institutions are nearby including the U of A, MacEwan, and NAIT. The beautiful River Valley is also a short walk away.
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All interested parties must submit a Buyer’s Application Form to the City. This property will be sold on a first come, first serve basis. If your submission is deemed acceptable, the City may contact you to further negotiate and formalize a sale agreement.

For more information, please visit the City of Edmonton Property Sales website at edmonton.ca/propertysales.
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Club Malibu University, I fondly remember those days going there to party. There is nothing worth saving in the interior of the building, the exterior made me think this was a classy night club when I first went.
 
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