Oilers99
Active Member
It is going to be rental not condo, which when planned as rental doesn't see a developer exit as frequently like Lamb did on a condo project. As an aside, Concord is Vancouver based and does very little outside of Vancouver.
- Thread starter Daveography
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EdmTrekker
Senior Member
Why are you posting this on this thread?Strathcona Gateway Apartment Building
Construction of a six storey apartment building that will contain 133 residential suites upon completion, with under ground parking. A building permit was issued by the City of Edmonton on February 3, 2022.majorprojects.alberta.ca
EdmTrekker
Senior Member
Surely you don't mean Concord Pacific out of Vancouver - as they are building everywhere in Canada BUT Edmonton. https://www.concordpacific.com/communities/
Oilers99
Active Member
Sorry i did not know they expanded into places like Saskatoon. Their Calgary project was nearly ten years ago. Anyways I would be very surprised if they invested into Edmonton.
Avenuer
Senior Member
8490 106a Avenue is the lot - I'll be monitoring to see when the new owner gets registered on title.
MCXavierL
Active Member
Permit Type
Major Development Permit
Permit Class
Class B
Permit Date
Mar 14, 2022
Status
In Progress
Description of Development
To construct 2 Multi-unit Housing buildings with 229 Dwellings (STADIUM YARDS PH-2 AREA 3).
Address
8450 - 106A AVENUE NW
Major Development Permit
Permit Class
Class B
Permit Date
Mar 14, 2022
Status
In Progress
Description of Development
To construct 2 Multi-unit Housing buildings with 229 Dwellings (STADIUM YARDS PH-2 AREA 3).
Address
8450 - 106A AVENUE NW
CplKlinger
Senior Member
Further to that, it was already approved and is now on notice!
| Major Development Permit | ||||||||||||||||||||||||
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Avenuer
Senior Member
The real question is that when the DP is issued, how long do they wait to submit the building permit?
archited
Senior Member
Isn't there a time fuse on Development Permits; if not, there should be.
Avenuer
Senior Member
There is, two years I believe.
archited
Senior Member
Better if it was 1-year with a further fee for an extension in two 6-month increments. Ideally these should be linked -- Zoning Change conditional on a Development Permit in turn conditional on a Building Permit (or at least Demolition Permit conditional on a Foundation Permit). The City would have to amp up its approval processes to match deadlines -- but that would be good for development anyway.
Oilers99
Active Member
Rohit would not be an obtaining a DP if they weren't going to start building relatively quickly afterwards. Not an issue at this site.
Avenuer
Senior Member
They could easily wait to submit the BP - that happens quite often with big projects. Didn't someone say they were focusing on other development sites before starting this next phase of Stadium Yards?
TAS
Senior Member
Yes I was told from someone there a few weeks back that they are moving on to a couple of Strathcona projects for now.
archited
Senior Member
I recall that they didn't exercise their purchase option for the last parcel(s). So we can keep on dancing 'cause that's all there is.