What do you think of this project?

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MisterSartorial said:
They are definitely aware of Edmonton. In fact, an Alt+ hotel was supposed to go into the abandoned Mackenzie Tower project a mere five years ago. Sadly they haven't returned to try another option. Lost in the haze of the pandemic I suppose.
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I was under the impression that is wasn't much of a serious building proposal and more of a rezone and resell, could be wrong though. I am pretty sure though that the proposed design is a fairly generic design (as in not made specific for the proposal) as I remember it being a downloadable asset in the original cities skylines game
 
SMayo said:
I was under the impression that is wasn't much of a serious building proposal and more of a rezone and resell, could be wrong though. I am pretty sure though that the proposed design is a fairly generic design (as in not made specific for the proposal) as I remember it being a downloadable asset in the original cities skylines game
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It was an actual project that was well passed a rezone and sell. They actually were in the process of preselling condo units in the building and I remember taking a look at their marketing materials at the time while considering buying a unit. The condo market was (and still is) soft and the project died. Other than The View, I think this was the last condo project proposed in downtown that I can recall. Obviously The View went forward but sales were flat lined and last year the project was converted to rental due to the lack of sales.
 
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CaptainBL said:
It was an actual project that was well passed a rezone and sell. They actually were in the process of preselling condo units in the building and I remember taking a look at their marketing materials at the time while considering buying a unit. The condo market was (and still is) soft and the project died. Other than The View, I think this was the last condo project proposed in downtown that I can recall. Obviously The View went forward but sales were flat lined and last year the project was converted to rental due to the lack of sales.
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Was The View converted to rentals due to lack of sales? I thought pre-sales were pretty strong and when it was finally finished construction there weren't that many units left to sell?
 
TAS said:
Was The View converted to rentals due to lack of sales? I thought pre-sales were pretty strong and when it was finally finished construction there weren't that many units left to sell?
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Yes, there were a number of units that had remained unsold and quite typically a developers profit is in the remaining units so it was more cost effective for them to buy back the owned units then convert the entire building to rental last year. Doing this they were able to get CMHC financing and take their equity out.
 
MacLac said:
As in keeping the homeless, fentanyl addicted folks out of there? I share the same sentiment....there is always hope.......
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As sad as it is, the reality of pseudo public areas is that there is the ability to exclude people more easily.
 
I do wonder about the viability of this place. Is it really going to be an attractive place to live? Everytime I'm a block's vicinity, I am met with a ton of social disorder, garbage littered everywhere, and an overwhelming smell of human feces. I think it's an attractive development with good things going for it so I'm hoping it has a noticeably positive impact.
 
Calfaer said:
I do wonder about the viability of this place. Is it really going to be an attractive place to live? Everytime I'm a block's vicinity, I am met with a ton of social disorder, garbage littered everywhere, and an overwhelming smell of human feces. I think it's an attractive development with good things going for it so I'm hoping it has a noticeably positive impact.
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The unfortunate effect of decades of trying to keep all of Edmontons social issues in one out of sight out of mind corner of the city.
 
George Spady (which is right by this) is moving next year to Stony Plain Road. In some small steps, the decentralization of social services is happening away from downtown.

Plus its $1300 for a one bedroom besides the Ice District, with vacancy rates as low as they are, people are going to move here no matter what.
 
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