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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
Don't want to knock Beljan too much, but I find it kind of tacky how much black they use. The first thing any potential buyer should be thinking about is stripping off the black paint.
 
^ I am more than certain that that is a design choice of the Architect not Beljan (good clients stay out of our way when it comes to design choices 😇)
 
^ I am more than certain that that is a design choice of the Architect not Beljan (good clients stay out of our way when it comes to design choices 😇)
Yeah, quite possibly, but this isn't the only project of Beljan that's turned out to have a lot of black (see Station Park and the forthcoming Ritchie Hub if it's anything like the renders) and I figure they might be inclined to hire architects that go for that look.
 
^ That they are (HSEA Architects -- https://www.hsea.ca/ -- the one Edmonton firm that has a (partial) grip on retail design -- their mantra is "black is back, baby!")
Ah, didn't know it was them. I think the black looks great on the Mercury Blocks! But I wish we could have a moratorium on painting brick black.
 
^ Amen to that! In my world black is a shadow detail color -- as to brick, if it has a strong mortar reveal, I would look to staining the grout black to accent the brick, especially if the brick is a lighter shade.of red or yellow.
Screenshot 2025-10-06 at 1.41.19 PM.png
 

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