Edmonton Construction Part 14 (October 2023) - Page 40

fortroad · #**781** Posted **Oct 1, 2024, 5:56 PM**

Quote:

Originally Posted by Coldrsx

Expect to hear/see more on this one soon!

Riley's 108 Street Redevelopment | 20.2m | 6s | J+S Architect

I don't want to see more on that one lol
It looks like it should be built in Morinville

TimB09 · #**782** Posted **Oct 1, 2024, 7:35 PM**

Quote:

Originally Posted by Harrison

Well, I'm sure Cold can provide an explanation as to why Westrich isn't building a tower there

I'm going to go with the economics of the times in Edmonton and the development/construction industry. Not ideal right now.

CMD UW · #**783** Posted **Oct 1, 2024, 10:41 PM**

Quote:

Originally Posted by fortroad

I don't want to see more on that one lol
It looks like it should be built in Morinville

I don't understand why people seem to be p*ssing on this one.

CMD UW · #**784** Posted **Oct 1, 2024, 10:44 PM**

Quote:

Originally Posted by TimB09

I'm going to go with the economics of the times in Edmonton and the development/construction industry. Not ideal right now.

They are building 6-storey wood frame in downtown Calgary too. The economics to justify concrete highrise are tough - construction costs, cost of capital and that we're just shy of hitting the market rents >$3.25/SF. Two of the three factors are trending in the right direction - cost of debt and rents PSF.

TimB09 · #**785** Posted **Oct 2, 2024, 1:20 PM**

Quote:

Originally Posted by CMD UW

They are building 6-storey wood frame in downtown Calgary too. The economics to justify concrete highrise are tough - construction costs, cost of capital and that we're just shy of hitting the market rents >$3.25/SF. Two of the three factors are trending in the right direction - cost of debt and rents PSF.

So do you see more action (hi-rise construction) in Edmonton coming down the pipe if two of those factors keep trending in the right direction?

Coldrsx · #**786** Posted **Oct 2, 2024, 2:44 PM**

The delta is around 20-25% from where concrete high-rises make sense again from both a rental and/or condo positioned building and that will take multiple years to have that threshold crossed.

Rents need to be in the $2.75-3.25/sqft range and the condo market needs to have people willing to pay ~$425-450sqft +... whereas most (existing) condos are selling for $300-325 Downtown at the moment; with many less than that.

Coldrsx · #**787** Posted **Oct 2, 2024, 2:54 PM**

Falcon

https://www.linkedin.com/in/puneetas...EAh6HuJA%3D%3D

Coldrsx · #**788** Posted **Oct 2, 2024, 3:01 PM**

Coldrsx · #**789** Posted **Oct 2, 2024, 3:47 PM**

Despite resident concerns about construction, safety and parking, Edmonton city council approved a rezoning proposal Tuesday for a new high-rise building west of downtown on a surface lot directly beside another high-rise tower.

Council voted 8-4 on the bylaw's third reading to pass the rezoning, which will pave the way for the new tower at 12021 Jasper Avenue. Councillors Tim Cartmell, Sarah Hamilton, Aaron Paquette and Jennifer Rice were opposed.

https://www.cbc.ca/news/canada/edmon...rticle-content

GenWhy? · #**790** Posted **Oct 2, 2024, 7:17 PM**

"Councillors Tim Cartmell, Sarah Hamilton, Aaron Paquette and Jennifer Rice were opposed." Was it captured why they opposed?

Coldrsx · #**791** Posted **Oct 3, 2024, 2:24 PM**

District Policy and plans approved for next milestone in City’s planning modernization

October 2, 2024

The City of Edmonton continues to modernize its plans for growth expected now and over the coming decades, as City Council approved the new District Policy and 14 district plans.

“We have taken major strides in streamlining how planning and development happens through the new District Policy and plans City Council approved, and through the new Zoning Bylaw approved a year ago,” said Mayor Amarjeet Sohi. “These two initiatives support City Council’s goal of making it easier to build in Edmonton as we continue to welcome record numbers of newcomers to our City and see record numbers of housing development permits.”

“The District Policy and Plans shape the future of Edmonton’s neighbourhoods, advancingThe City Plan vision of a vibrant, urban and climate-resilient city where residents can easily access amenities and services close to home,” said Kim Petrin, Deputy City Manager, Urban Planning and Economy. “The District Policy and plans will be an important part of guiding growth and development in Edmonton, showing Edmontonians how and where they can expect their communities to change and evolve over time.”

The District Policy, plans and the Zoning Bylaw each play a role as we continue building our city through the 2050 timeframe outlined in The City Plan. The District Policy and plans set the general direction for how communities will grow and change over time, whereas zoning generally determines what can be developed on a plot of land today.

With City Council’s approval, the new policy and 14 new plans are now in effect as of October 2. Council will still consider the Rabbit Hill District Plan, at a future public hearing.

The City will begin implementing the new policy and the 14 approved plans immediately. Adigital map of the district boundaries, nodes, and corridors is available onedmonton.ca/districtplanning to help residents and stakeholders explore the changes in detail.

For more information:
edmonton.ca/districtplanning

Media contact:
Mark Torjusen
Senior Communications Advisor
Urban Planning and Economy
780-914-8087

DKaz · #**792** Posted **Oct 3, 2024, 2:53 PM**

Quote:

Originally Posted by GenWhy?

"Councillors Tim Cartmell, Sarah Hamilton, Aaron Paquette and Jennifer Rice were opposed." Was it captured why they opposed?

"Four councillors voted against it – Sarah Hamilton, Aaron Paquette, Jennifer Rice and Tim Cartmell – with some wishing more work had been done to alleviate neighbourhood concerns.

Hamilton, referring to criticism about the high rise's proposed profile and aesthetic, also noted that city council hasn't really "had the skyline conversation and the interest of council not just in land use, but how our city is defined through the skyline."

https://edmonton.ctvnews.ca/31-store...enue-1.7059723

It's probably in the meeting minutes somewhere.

One of them is being wildly inconsistent if they've rejected Jasper House due to not enough done to alleviate neighbourhood concerns, but has offered nothing more than cut and paste PR responses with the highly controversial new bike lanes in their ward.

feepa · #**793** Posted **Oct 3, 2024, 3:36 PM**

Quote:

Originally Posted by DKaz

"Four councillors voted against it – Sarah Hamilton, Aaron Paquette, Jennifer Rice and Tim Cartmell – with some wishing more work had been done to alleviate neighbourhood concerns.

Hamilton, referring to criticism about the high rise's proposed profile and aesthetic, also noted that city council hasn't really "had the skyline conversation and the interest of council not just in land use, but how our city is defined through the skyline."

https://edmonton.ctvnews.ca/31-store...enue-1.7059723

It's probably in the meeting minutes somewhere.

One of them is being wildly inconsistent if they've rejected Jasper House due to not enough done to alleviate neighbourhood concerns, but has offered nothing more than cut and paste PR responses with the highly controversial new bike lanes in their ward.

find it odd paquette would be against it considering how much he posts on reddit about the city needing to grow up.

Rocket252 · #**794** Posted **Oct 3, 2024, 5:10 PM**

Council dysfunctionality.

RHINO · #**795** Posted **Oct 3, 2024, 5:36 PM**

What aspect are residents worried about when it comes to construction at 12021 Jasper Avenue?

GenWhy? · #**796** Posted **Oct 3, 2024, 8:19 PM**

Quote:

Originally Posted by DKaz

"Four councillors voted against it – Sarah Hamilton, Aaron Paquette, Jennifer Rice and Tim Cartmell – with some wishing more work had been done to alleviate neighbourhood concerns.

Hamilton, referring to criticism about the high rise's proposed profile and aesthetic, also noted that city council hasn't really "had the skyline conversation and the interest of council not just in land use, but how our city is defined through the skyline."

https://edmonton.ctvnews.ca/31-store...enue-1.7059723

It's probably in the meeting minutes somewhere.

One of them is being wildly inconsistent if they've rejected Jasper House due to not enough done to alleviate neighbourhood concerns, but has offered nothing more than cut and paste PR responses with the highly controversial new bike lanes in their ward.

Hmm and if I remember the rezoning has zero to do with aesthetics or site logistics. Oh boy

Hallsy's Toupee · #**797** Posted **Oct 3, 2024, 8:35 PM**

Quote:

Originally Posted by RHINO

What aspect are residents worried about when it comes to construction at 12021 Jasper Avenue?

Ah you know, the usual NIMBY diatribes about parking, traffic and height.

Harrison · #**798** Posted **Oct 4, 2024, 4:31 PM**

This is one of the most appropriate sites in the central part of the city for a tower tbh, if not here, then where?

Big Jake · #**799** Posted **Oct 5, 2024, 4:49 AM**

Quote:

Originally Posted by Hallsy's Toupee

Ah you know, the usual NIMBY diatribes about parking, traffic and height.

Well if the city needs to "grow up" then why be against another fairly tall and cool looking high rise condo?

Coldrsx · #**800** Posted **Oct 5, 2024, 6:08 PM**

Quote:

Originally Posted by Harrison

This is one of the most appropriate sites in the central part of the city for a tower tbh, if not here, then where?

The hypocrisy of those who live in high-rise multi-fam who condemn or complain about a new project going up? What gives.

That said, let's ensure that projects are good neighbours, clean, safe and not overly disruptive.