inclusion
Active Member
Yes, they asked me to ask the forum to start a gofundme to get shovels in the ground earlier than they planned since ya'll keep asking when its going to start.
- Thread starter Daveography
- Start date
bodsbods9090
Senior Member
It worked!!!
Markyeg
Active Member
I know I’ve said this before, but I’m still pleasantly surprised at how quickly this has leased up. I thought being so close to the Hope Mission would’ve been a major deterrent to many.
IanO
Superstar
EtoV
Active Member
This is such a great looking development, it's just too bad that it's going to feel disconnected from downtown until those lots south of Epcor/CN tower are developed, which is unlikely to happen any time soon
ADob
Active Member
That looks fabulous, but good lord, look at ALL THAT PARKING!!!
David A
Senior Member
It is nice looking and close close to the downtown core, but it would be good if the two lots on the east side of 101 Street on 104 Street were also developed soon.
While there are fewer empty lots and parking lots than a decade or two ago, there is still no shortage of lots to build on downtown here.
archited
Senior Member
If there is an aerial pedway from the Epcot tower to the Event Centre (this year) and when the 35-storey tower is added to Qualico's mix (this year) then we have a new Edmonton Design Imperative that is one of the most important additions to downtown in years. Qualico would then be positioned to add to "Railtown" all the way to the bridge over 97th Street and the land of the former Remand centre. THIS might be the most exciting development for the City in the near term.
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Mesopotamia
New Member
Nice development but I would never live in that area. It is ROUGH
ForestedImagination
New Member
Anyone know if there have been any proposals/plans/interests over the years for that parking lot across 104th Ave (just below the MNP tower)? Would love to see some density on that lot of an eye sore in the city core as well
Gronk!
Senior Member
I want that parking lot north of the MNP Tower to be a mid-rise/high-rise residential with a hotel (please make it an ALT), an IMAX Theatre, fitness centre and one or two pubs/restaurants to complement O'Byrnes.
Barnaby
Senior Member
A 15-25 storey Alt or Moxy would kill it in this location.
Also.... Montreal has really similar economics when it comes to the rental market, but I've noticed they're able to build concrete high rise. The overall architecture for new products is much better.
Lower incomes here (Montreal), too. I don't think we're getting the full story from developers in Edmonton.
inclusion
Active Member
There are developers here who will still build high-rise. I think we hear from a specific developer on here why it doesn't make sense, but that doesn't necessarily reflect the entire market. There are investors behind these companies and margins that are promised. The products built seems to reflect whatever promises are made behind the scenes. I imagine if you were to contact various developers, you would get different answers on ROI.
As for architecture, Montreal is a very creative city with a ton of art and culture that is much more mature. Fashion is driven from there (and has been for years); the restaurant scene is bursting, the art scene is quite strong, etc, and I imagine that spills over into their urban design. For example, I recall having a roommate from Montreal about 20 years ago here in Edmonton, and I remember him commenting on various fashion trends here that had been in Montreal several years prior.
constance_chlore
Senior Member
I'm not so sure that Montreal really has similar economics. This is anecdotal, so take it with a grain of salt, but my impression was that rent was cheap if you lived in an older building, in a non-renovated unit, without a dishwasher/in-unit laundry, and so on. My third-story walkup apartment in Rosemont got extremely hot in the summer and had terrible soundproofing, but I didn't really care because I was paying ~$1000 for a 4 1/2. Montreal's vibrancy benefits a lot from the fact that artists, students, etc. can get by in this huge stock of older, livable but not entirely pleasant housing. We'll see if this situation survives the end of the lease transfer—there's tremendous anxiety about rising cost of living.
I had friends who lived in new builds in Griffintown, and I got the sense that they were paying a good deal more than people would pay for comparable units in Edmonton. My sense is also that a lot of the newer rowhouses in Rosemont, Villeray, etc. are condo, not apartment, and condos in Montreal are much more expensive than in Edmonton. So for a builder, I think the situation really is quite different between the two cities.
constance_chlore
Senior Member
For comparison: a 456 sq ft apartment at the Switch starts at $1334. Comparable apartments in Griffintown seem to go for ~$1650-1850. So not a tremendous difference, but substantial.