Quote:
Originally Posted by SHOtime
I wasn't counting JP...minor detail.
The essence of what I'm saying though, is that it's been 1.5 (3 since Hampton house but lets ignore that for now) years since the icon was first announced, which i consider to mark the era of feasibilty for a project of that scale. We all know we are seeing a huge undersupply of that product, yet just about nobody is attemping to correct that.
If nobody is willing to get involved and satisfy the demand for condo's, are we going to expect the same thing in the office market. Years of significant sized projects stalled, in limbo or rumoured, despite being profitable.
|
There are MANY factors you fail to realize. It is not a simple black-and-white issue. I am getting tired of people talking about things they really know nothing about. Sure it's fun to ponder what "could" or "should" be done, but I can tell why people are getting tired of this particular thread...same old talk. Get with it already...Edmonton is NOT skyscraper central.
Just a FEW factors that prevent tall condos or offices from being built in downtown Edmonton:
- labour shortage
- labour costs
- sprawl: Edmonton just keeps getting wider and fatter...no reason to build up.
- only 10-15% of North Americans really want to live downtown anyhow
- commodity prices/material cost
- lack of a skyscraper-quality glass manufacturer in Edmonton
- oil prices
- zoning regulations that don't work for a particular site
- developers that don't care to take risks
- lack of head offices moving to the city
- most of "office" and Edmonton economy is suburban and being built in new suburban business parks
- difficulty of doing main floor retail downtown...has taken 25 years for downtown to recover from drain that is WEM
- anxiety about the future
- developers that don't believe in Edmonton for highrise condos
- problems getting concrete and steel considering all the other infracstucture projects on the go. ei. AH drive construction push caused delays in concrete deliveries of 3-6 months
- problems getting a general contractor to even bid on the project...many projects are 6month to a year behind schedule as the backlog builds.
- land prices that are pushing developers profit margins down
- politics
- long term planning that has some of these built in the next 10-15 years...rather than now
- forgettableness of downtown does not inspire suburban developers to see what potential downtown has
- land owners that are sitting on property...for like 50 years
- land owners that are making more money for their parking lot than selling it
- geographic situation
- airport overlay (superficially)
- development of Plans such as Downtown East, North Edge Study, update of Capital City Downtown Plan causes many stakeholders to take a "wait and see" approach
- etc, etc, etc
So stop bitching and start thinking!