Edmonton Construction 13 (November 2015)

[Coldrsx]

Additional information from the permit above.

Reference ID: Job No 479708637-002
Description: To construct an Addition (Annex) to a Professional, Financial, Office Support Service building and construct exterior alterations (new windows) and site alterations (new court yard, landscaping alterations).
Location: 10104 - 103 AVENUE NW
Plan 8021480 Blk 1 Lot B
Applicant: IBI GROUP
Status: Intake - Payment and More Info Requested
Create Date: 2023-07-28T13:54:07Z

[Coldrsx]

An old proposal for 101st between 103-104aves.

[s211]

From memory, I think the developer was Tankoos Yarman. The only reason I remember is because the name seemed so made up. And the site is still a parking lot, about 40+ years later. I wonder who owns it now.

[Coldrsx]

I believe that you are correct. He was involved in a number of towers/proposals and last I recall had that proposal ~2007 on the corner of 124st/Jasper.

[CMD UW]

Originally Posted by s211

From memory, I think the developer was Tankoos Yarman. The only reason I remember is because the name seemed so made up. And the site is still a parking lot, about 40+ years later. I wonder who owns it now.

I believe this lot is now owned by the Allards.

[Coldrsx]

Thus parking it shall be and low quality at that... alas. I'd love to see this generation be city builders too.

[Hallsy's Toupee]

The Allards love their parking lots more than they love children and puppies.

Personally I want to see that lot on the SE corner of 101 St and 104 Ave transformed into a high-rise mixed-use hotel/residential with major restaurant/bar chains, an IMAX theatre and a pedway that connects to MNP, COE and Epcor. This tower will tie in nicely with the ICE District across the street.

If the Allards are still stuck in the 20th century with their parking lot then they need to sell that lot to OEG or whatever the Katz Group is called this year.

[Coldrsx]

It will sit until someone pays 3x.

[Hallsy's Toupee]

Last I heard, Daryl Katz is one of the wealthiest men in Alberta.

[feepa]

Originally Posted by Hallsy's Toupee

Last I heard, Daryl Katz is one of the wealthiest men in Alberta.

You dont get to be one of the wealthiest by overpaying for things.

[Coldrsx]

Mercury Block II









Shared by MCXavierL on SRC

https://www.edmonton.ca/sites/default/fi...e-Agenda-August15-2023.pdf?cb=1691597148

[Harrison]

So Mercury Block II will be even larger than the first one, great to see. There will soon be many more residents in West Oliver - that area is fast becoming one of the best in the city.

[Coldrsx]

Interesting new entrant and portfolio.

https://www.hylandproperties.ca/about
---

Bradyn Arth 1st
Senior Vice President at Institutional Property Advisors (IPA), a division of Marcus & Millichap

Sold! We’re pleased to announce the recent sale of 121 West, located at 10506 – 121 Street NW, Edmonton. Adjacent to the highly regarded Brewery District and it’s many amenities, this recently constructed 396-suite purpose built concrete apartment building is an excellent example of the value found in the Alberta market. Now fully leased with a young and diverse tenant base, this property provides new modern accommodations with inexpensive rental rates. We’d like to thank both the Purchaser and Vendor for their dedication and creativity to get this closed.

As a team, we’re proud to once again attract a new entrant to the Alberta multi-family market, demonstrating the attractiveness of our investment market. Congratulations to our Purchaser, Hyland Properties on their first acquisition in Alberta!

[Coldrsx]

Edmonton leads the way with quadrupled search interest

Edmonton has emerged as a top destination for Canadian homebuyers seeking cost-effective properties. Unique searches for homes in Edmonton have quadrupled since the pre-pandemic times, accounting for 2.0 per cent of total site searches between January and June, compared to 0.5 per cent during the same period in 2019.

Housing market and prices

As of the second quarter of 2023, the aggregate price of a home in Edmonton was $434,400, while in Calgary, it stood at $643,200. Nationally, the aggregate price of a home was $809,200 in the same quarter.

https://realestatemagazine.ca/edmonton-and-calgary-become-top-searched-cities-for-real-estate/

[CMD UW]

Originally Posted by feepa

You dont get to be one of the wealthiest by overpaying for things.

Correct.

[CMD UW]

Originally Posted by Harrison

So Mercury Block II will be even larger than the first one, great to see. There will soon be many more residents in West Oliver - that area is fast becoming one of the best in the city.

Yes it is. I'm veeeeeery bullish on this 'hood.

[Coldrsx]

Originally Posted by CMD UW

Correct.

Expect that he did with the lot where ICE was and wasted a ton of coin (inefficient if anything) in his multiple elaborate sales centres and the like.

Mind you, pennies or dimes on the dollar I suppose.

[Coldrsx]

[YegFan]

^ These numbers don't suggest to me that people are flocking into our city from all over the country.

I don't get how the real estate market in the city is always so depressed.

[Coldrsx]

Reference ID: Job No 480619108-002
Description: To construct interior alterations
Location: 9804 - 107 STREET NW
Plan 1720026 Blk G Lot 2
Applicant: ELLISDON CONSTRUCTION SERVICES INC.
Status: No DP Required
Create Date: 2023-08-08T13:25:59Z
Neighbourhood: DOWNTOWN

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Reference ID: Job No 480634159-002
Description: To construct exterior alterations to a Public Education Service building (roof mounted Solar Collectors)
Location: 10700 - 104 AVENUE NW
Plan 2121375 Blk 20 Lot 102
Applicant: DIALOG
Status: In Development Review
Create Date: 2023-08-08T14:41:55Z
Neighbourhood: DOWNTOWN

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Reference ID: Job No 480555537-002
Description: Cindy Li - To construct exterior alterations (exterior lighting improvements at Commerce Place)
Location: 10155 - 102 STREET NW
Plan 0022666 Blk 1 Lot F
Applicant: DIALOG
Status: Intake Review
Create Date: 2023-08-08T07:25:20Z
Neighbourhood: DOWNTOWN