[IanO]

Ours and Autographs to the north that will complete the 106st block

 

[MacLac]

See anything different about these pictures? Or am I just being obtuse? Lol

 

[IanO]

 

[Glenco]

Are those penthouses new?

 

[IanO]

It was always terraced to some degree so ?!?!

 

[archited]

Are those penthouses new?

I think they have always been there just more detailed rendering from @MacLac (excellent find!)

 

[MacLac]

Must be 1st drawings?

 

[Edmontonmanía]

What excites me the most is the new LRT access it will provide.

 

[Gronk!]

Am I to understand from today's posts that tower #2 may be ramping up soon?

 

[IanO]

I don't think so, but could be wrong. They likely want to stabilize tower 1 before even thinking about 2.... which could be 12-16months.

 

[MacLac]

I don't think so, but could be wrong. They likely want to stabilize tower 1 before even thinking about 2.... which could be 12-16months.

Can't it stabilize during the next 3 years of construction if they were to break ground now? For Pete's sake, The Switch is already "stabilized" at 2/3rd's occupancy after 6 months.

 

[David A]

It doesn't need to be "stabilized" It is not some run down building that lost it tenants, it is a new building that needs to be filled. What is it with the dumb and misleading language these days?

 

[archited]

^ "Rent stabilized" is a Realtor's term but I agree with you it has bad connotations -- maybe "achieving rent equilibrium" would be better.

 

[positive1]

It doesn't need to be "stabilized" It is not some run down building that lost it tenants, it is a new building that needs to be filled. What is it with the dumb and misleading language these days?

It is also an option to read a post, disagree, and not make comment

 

[IanO]

It doesn't need to be "stabilized" It is not some run down building that lost it tenants, it is a new building that needs to be filled. What is it with the dumb and misleading language these days?

As mentioned, that's the industry term.

@MacLac - it's not just demand, but cost that is complicating things... not to mention relatively low rents at ~$3/ft. Calgary is getting 10-25% more for similar projects with very similar construction and ballpark land costs.