Posted Jun 7, 2015, 5:44 AM
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Join Date: Aug 2014
Posts: 713
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Yeah, there is a lot of older housing stock that sells for relatively little. I think the three closest buildings are rental - recently purchased by Bosa(?), with some money being invested into them.
The concrete-heavy towers on the south side of Lougheed Highway typically go for more money - closer in price to the newer stock - and are quite nice inside. I think they were built in the 70s and early 80s. And then there are about 4 towers with seniors housing.
The area is quite dense, with a fair bit of pedestrian activity. The mall — because it's not the right place for fashion stores and the like, but I think as this development is built out, the retail could be quite successful if they target the right types of stores.
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