Old CIBC building on Whyte ave, renovated to the tune of $1,500,000 by Beljan. The price has dropped by almost $1,000,000 since first listed over a year ago. I’ve been kind of monitoring this one because for the life of me, I just can’t see the vision here… Other than perhaps another bank that wants a giant, weird, obsidian black storefront, what kind of business would buy this?
Maybe it speaks more to my lack of business acumen but the only thing I can envision operating in a space like this is a strip club of some sorts. One large space with a bunch of semi-private closet spaced rooms attached? A functioning, industrial bank vault? A mezzanine for some kingpin to oversee the operations?
Anyone else have some insight on this project? lol