What do you think of this project?

  • Total voters
    24
David A said:
The question was asked what more could the developer do - these are all things the developer could do. They might not do all and they wouldn't be profitable in the short term, but could work out in the long term.

So, if you don't want to look like an uncaring, cold company only concerned about the bottom line and unconcerned about how it affects others, you actually have to walk the walk. Don't whine about bad PR if you don't make a real effort.
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in one response you mention the developer doesn't know how to maximize profits b/c they leave spaces not leased. now you're saying they are uncaring and cold?
 
Oilers99 said:
in one response you mention the developer doesn't know how to maximize profits b/c they leave spaces not leased. now you're saying they are uncaring and cold?
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Well, I didn't say they were competent did I? In the rush to get rid of existing tenants who in their minds are not paying enough, they will upgrade to something shiny and new in the hopes of making a lot more.

However, it really wouldn't be surprising if some or much of the space sat empty for a long time. It probably wouldn't be the first time that happened. Actually, in the end you probably make more money if you treat your existing paying tenants well, but I realize some landlords don't get it.
 
@David A Landlord is adding high-density residential units to make money. Retail is more secondary, activating the street and keeping commercial options in the neighborhood. If developers had your mindset, we would never see development in the inner city. Edmonton would continue the massive suburban sprawl that it already has at an even faster pace.
 
crisp said:
@David A Landlord is adding high-density residential units to make money. Retail is more secondary, activating the street and keeping commercial options in the neighborhood. If developers had your mindset, we would never see development in the inner city. Edmonton would continue the massive suburban sprawl that it already has at an even faster pace.
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So is this area considered inner city, now?. Not exactly much development going on in the Quarters which actually is inner city. I suppose that's my fault.

If you treat people better, you don't get bad PR and you make money in the end. If you get too greedy you have a lot of problems and push back. This development has had a lot of them because of the short sighted focus.

Smarter people know how to make things a win win and those who are too greedy wonder why they are always beset by problems and their pot of gold never quite appears.
 
Like it or not, developers need to make money. The options you've presented would be prohibitively expensive in 99% of cities, let alone Edmonton. Crisp is right in that if you require the steps your requested, redevelopment would never happen, Instead we would be only seeing new development occur as greenfield. It's a similar issue to affordable housing policies that are too aggressive, they end up killing the financial viability of projects, and the end result is that nothing gets built at all.

Also, the month-to-month rents and possibility of redevelopment can often be a two way street. There is a good chance that the businesses located here had discounted rents due to the uncertainty. There's trade-offs to be made, and the businesses operating here decided that those trade-offs were worth staying at this location. Now obviously the commercial rental market isn't a completely free market because commercial locations are artificially restricted by zoning, but commercial rents in Edmonton are some of the lowest in Canada, so the case remains that the deal was likely mutually beneficial.
 
David A said:
So is this area considered inner city, now?. Not exactly much development going on in the Quarters which actually is inner city. I suppose that's my fault.

If you treat people better, you don't get bad PR and you make money in the end. If you get too greedy you have a lot of problems and push back. This development has had a lot of them because of the short sighted focus.

Smarter people know how to make things a win win and those who are too greedy wonder why they are always beset by problems and their pot of gold never quite appears.
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You seem to really talk in absolutes in how developers should run their respective companies and projects. I think the guys with their capital at stake would know more about what to do then an internet commentator.
 
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Ralph's and the rest of that strip mall appear to be fenced off when I drove past.
 
Currently a Strathearn Heights resident. Spoke with some of the leaseholders as the strip mall entered it's final days. The tenant in the artist's loft above Ralph's Handi-Mart alluded to the full redevelopment being "at least ten years out". Spoke to the owner of Ralph's as well. Dude was heartbroken.

Maybe somebody with experience on these projects can provide more details, but the impression from the community is that it's hit another snag and that the backers are focused on the strip-mall. As of now, progress demolishing the old strip mall has been very slow. A very small crew shows up every day and works from before sunrise to around mid-afternoon. Seems like they're just moving palettes around.

I will say that everyone who lives here doesn't want the project to go through - the original draft for the redevelopment had a "Habitat for Humanity"-esque provision wherein current renters could get a discounted suite for purchase, but all mentions of that were removed from the engagement plan. These buildings are home to poor, working families. The condition of each unit is more than a little ramshackle, but the swuare footage, location, community, and affordability are all unmatched.

The Strathearn Heights fifteen years ahead will bear no resemblance to the one I live in now. The developer needs to conduct a door-to-door engagement and develop a plan to relocate the residents or provide some form of guarantee / first bid on condo units. I'm following the redevelopment very closely and will continually update this thread with whatever I find out.
 
'The Strathearn Heights fifteen years ahead will bear no resemblance to the one I live in now.'

We said that very statement 15yrs ago with almost no change...
 
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