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  #1101  
Old Posted Feb 21, 2007, 6:02 PM
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This ain't good...

Does the parkade have much value as a stand alone? Can we not bring the parties together and work something out. I'd hate to see that one go.

I was under the assumption that the parkade would be torn down and a 40-story office tower would be built. Howerver, I am not sure how reliable my source is.

Too bad though, I am not sure what else would fit / survive in the KG. Maybe someone else can get a deal done before impark gets a hold of it.
     
     
  #1102  
Old Posted Feb 21, 2007, 6:17 PM
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What a depressing month. The Meridian is delayed again, and there's the ominous sounding "feasability study" (don't you do these before you buy property and tear buildings down? I guess not, look at the Extra Foods site). Speaking of... Extra Foods is still a parking lot. Tower 21 has been downgraded from a promising pipe dream to a "build to suit" pipe dream. The KG sale gets stopped (this is just unbelievable. All parties [current owners, the City, the Province] should get in on this and make sure it happens. A company with a good reputation and excellent inentions wants to save a historic landmark, revitalize an area and increase housing downtown. It should be a priority of this civic administration that this deal goes through. The list goes on.

I can only hope that development news and potential is coming out of the same deep freeze that most of North America has been in and we'll soon see something that reflects the excellent local economy (other than new Wal-Marts, Home Depots and Golf Towns). On the (pun intended) bright side, the facade of the two retail spots between the Canada Building and Empire Theatres has been revealed. The white one is not bad, the red one is... bright. They look a little out of place, but I think red stucco is an improvment over pink, no? They remind me of the type of design seen in the suburban sprawl of LA, where these type of faux-classy facades are supposed to remind people of the good old days of actual building materials and real street vitality. At least our version is actually downtown.

I don't have any actual news or rumors, I hope a rant will suffice.
     
     
  #1103  
Old Posted Feb 21, 2007, 11:20 PM
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I want to cry or claw the walls or something!!!
When is development in our core finally going to start reflecting the boom we're experiencing and the rapid expansion on the city's periphery!?!?! The only development news in S'toon as of late seems to consist of mere rumors, delays, failed deals and "possibilities". I'm getting so aggravated.
I certainly hope no one stands idly by and lets the KG go. I believe that would be a very unfortunate blow to downtown. The longer it sits empty the more it falls into disrepair and prospects of its refurbishment seem like distant glimmers of hope. Almost nothing is happening in our core when there should be ALOT going on. If this keeps up i'll be completely insane by summer.
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  #1104  
Old Posted Feb 22, 2007, 1:11 AM
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Originally Posted by circle33 View Post
This ain't good...



Saskatoon Homepage

Does the parkade have much value as a stand alone? Can we not bring the parties together and work something out. I'd hate to see that one go.
Here's another article. Hopefully once the city takes control, a deal may be worked out.

http://www.cjme.com/index.php?p=ntnews&action=view_story&id=7533
     
     
  #1105  
Old Posted Feb 22, 2007, 3:31 AM
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Here's another article. Hopefully once the city takes control, a deal may be worked out.

http://www.cjme.com/index.php?p=ntnews&action=view_story&id=7533
There is still reason to be optimistic about the King George. Once the city becomes the sole owner of the property, they will attempt to sell it on the free market for an amount at least equal to the taxes($400,000). I'm no realtor, but $400,000 seems like a bargain of a deal for that historic property.

The one drawback is lack of parking, but one suspects(or hopes) an arrangement could be made for parking spaces with respect to the adjacent independantly owned King George parkade.

Here's what I think of the KG hotel's future. A developer determines they can make 10 condo units(conservative estimate) and list them at $250,000, equals out to $2.5 million. After investing $400,000 for the initial purchase price, and maybe $1.1 milllion for renovations. The investor walks away with a profit of $1 million, or a 70% return on investment. Maybe I'm way out on my estimates, but I'm sure $1.1 milllion would do a lot for that building, I've yet to view the interior of the hotel, but it can't seriously need as much work as say the "2nd Avenue Lofts, or even the "Eatons" lofts in Caswell Hill.

Honestly, how long would it take for conversion from old run down hotel, to modern downtown condos, 12 months(maybe)? 18 months?(likely) 24 months(I doubt it)?

Anyone with access to capital should consider the potential of this property as something worth pursuing, c'mon down Alberta investors
     
     
  #1106  
Old Posted Feb 22, 2007, 3:31 PM
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O.K. One more kick at the apparently dead horse with my bimonthly rant. Doesn't anyone see a connection between the lack of movement on downtown development and city policy which allows, or actually subsidizes sprawl (e.g. fast tracking new neighborhoods, big box centres etc.)? It seems to me that you actually see downtown development in cities, only when the price and or inconvenience of sprawl becomes too great. I point to Edmonton and Calgary where downtown residential development is, albeit slowly, beggining to take off, only after those cities have sprawled to the point of crisis. In many ways this is happening too late, particularly in Edmonton, where people now appear to have a strong bias against density. If the only attractive housing option is suburban tracts, people come to see that as the only viable option, and changing course is more difficult. Vancouver began this process much earlier because of geographic limitations. In any case, the civic government dictates the relative costs of suburban versus core development and our administration could probably avoid the pitfalls of waiting to the crisis point by focussing more money and thought toward density rather than sprawl. This doesn't have to affect the overall bottom line. Penalize sprawl and reward density, by taking into account the long term costs to the city of each. If there is money for an overpass, or building or maintaining new infrastructure in the burbs, how about money for inner city amenitys which would encourage people to live in higher density? From everyone I have ever talked to, once people live in higher density, they generally like it, although I ralize that some will always prefer big lawns. I know the city is doing some of this in Pleasant Hill, but maybe if it had happened 20 years ago, that area wouldn't be such a ghetto.
     
     
  #1107  
Old Posted Feb 23, 2007, 6:53 PM
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Election year goodies...motive aside, it's still good news.

$100 MILLION PLAN TO REVITALIZE SASKATCHEWAN NEIGHBOURHOODS

February 23, 2007

Premier Lorne Calvert today announced a $100 million plan to revitalize Saskatchewan neighbourhoods with the greatest need.

The plan includes $60 million to provide the single, largest expansion of HomeFirst for affordable housing for families in northern communities and the inner cities of Regina, Saskatoon, Prince Albert and North Battleford. A further $40 million will support inner city initiatives in Regina and Saskatoon targeted at education and skills training and the development of healthy, vibrant neighbourhoods.

“My government is committed to making life better for Saskatchewan people by promoting caring neighbourhoods and by providing better access to education and skills training,” Calvert said. “This investment will help build the necessary foundation to ensure the well-being of our families and communities. As a result, many dreams will come true.”

The expansion of HomeFirst, the government’s five-year housing strategy, more than doubles the recently announced $50.6 million in federal housing trust funds for affordable and off-reserve aboriginal housing in the province. Together, federal and provincial funding represents more than $110 million in new housing dollars for the people of Saskatchewan.

The Premier also announced an additional $500,000 from the Department of Community Resources in one-time funding to support food banks across the province, including $250,000 for the Saskatoon Food Bank and Learning Centre.

The $60 million for affordable housing will be targeted at northern communities and the inner cities of Regina, Saskatoon, Prince Albert and North Battleford. It will be allocated as follows:

$49.5 million for approximately 500 affordable rental and homeownership units for low to moderate income families and youth at risk;
$10 million for ongoing rent subsidies for 300 very low income families and youth at risk; and
$500,000 to support a training component aimed at increasing participation among inner city and northern youth in housing construction and repair projects. The training component will complement other provincial efforts to attract youth to the home building and repair sector where there is an increasing shortage of skilled trades-people.
In addition to the $60 million for housing, the plan includes a $40 million capital investment to be shared between Saskatoon and Regina to support inner city revitalization through the development of training facilities and community services centres.

“We are going beyond shelter,” Calvert said. “We’ve heard from Saskatchewan people, including from our young people at the recent Youth Summit in Saskatoon, who said we need to focus on neighbourhoods and accessible education. This plan builds toward that goal.”

In Saskatoon, $17 million will support a partnership with Saskatchewan Institute of Applied Technology, the Saskatchewan Indian Institute of Technologies, the Dumont Technical Institute and the Saskatoon Public School Division for the development of an integrated training facility at Mount Royal Collegiate. This facility represents a new approach within the K-12 and post-secondary systems, with a focus on helping inner city youth transition from school into post-secondary training and into the jobs available in Saskatchewan’s booming economy.

Eight million dollars will be invested in improved health and community services for Saskatoon inner city residents. A recent study indicated that residents of low socio-economic status neighbourhoods have comparatively poor health. This funding will help improve access to health and community services by supporting projects such as “Station 20 West”, a partnership for the development of community programs that promote health and well being. Services may include immunization, substance abuse counselling, dental care and healthy baby programs.

Details for inner city Regina will be announced at an event in Regina at 2:30 p.m.

“Saskatchewan’s strong economy and increased revenue means we can afford to make significant investments where we know the need is great,” Calvert said. “Caring communities, safe and affordable housing, and access to education and training all have a tremendous effect on the well-being of our youth, our families and our communities. We want to support our inner cities through a revitalization that will see both immediate benefits and important opportunities for years to come.”

This $100 million investment is one-time third quarter funding. Further details on the Province’s finances will be announced in the upcoming Third Quarter Report


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  #1108  
Old Posted Feb 23, 2007, 8:27 PM
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For Immediate Release: February 22, 2007
CM07-066
RIVER LANDING PHASE II POCKET PARK/SUBSTATION OPEN HOUSE

The public is invited to view the conceptual design drawings for the River Landing Phase II Pocket Park (now known as Isinger Park) and improvements to the adjacent electrical substation site. UMA Engineering Ltd. will present the conceptual plan and three dimensional graphic drawings.

The open house will be held:
Wednesday, February 28th, 2007
3:00pm - 7:00pm
Princess Alexandra School - 210 Avenue H South

The park development includes ample green space, trees, pathways and lighting, park furniture, and play structures. Additional landscape treatment (walls, fencing, low berms, and plantings) will provide visual screening, sound attenuation, and aesthetic improvements to the perimeter of substation. Substation access and security are also critical components of the perimeter treatment.

Detailed design and tendering will follow the input received from the open house and construction could begin late in the spring.

-30-

For more information:

Chris Dekker, Manager of Special Projects
City of Saskatoon
975-3207

http://www.saskatoon.ca/org/news_releases/detail.asp?id=2170
     
     
  #1109  
Old Posted Feb 24, 2007, 10:52 PM
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I know this has been discussed awhile back, but what's happening to the old RCMP building on 8th? Any renderings available?

A tiny tidbit of retail news: The Running Room will open its second S'toon location on broadway in may.
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  #1110  
Old Posted Feb 26, 2007, 2:24 PM
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The reno of the RCMP building is well underway, though it seems to have stalled. I have come accross no rendering. They've added a cornice to the east half of the buidling put up new windows and the like.

Where is the Running Room locating? In the old Outer Limits building?

Really useless tidbit of retail news: The Yard and Flagon people are opening a pub in Warman.
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  #1111  
Old Posted Feb 27, 2007, 3:48 PM
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Free Wireless Internet now in the city....

It's time to add the phrase "wireless hot spot" to your vocabulary -- Saskatoon is about to be covered in them.
In a move the Saskatchewan government hopes will attract and retain young people in the province........ blah blah blah, Atricle is HERE

     
     
  #1112  
Old Posted Feb 28, 2007, 2:30 AM
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Ooh well aren't we hip now.
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  #1113  
Old Posted Feb 28, 2007, 3:59 AM
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Where is the Running Room locating? In the old Outer Limits building?
That's where my knowledge in the matter falls short. I just have no clue.
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  #1114  
Old Posted Feb 28, 2007, 11:47 PM
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Robins Doughnuts beside the Cooop.
     
     
  #1115  
Old Posted Mar 1, 2007, 2:44 PM
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Thanks new guy. Welcome aboard.

Kind of an odd spot, not really a part of the Broadway experience, especially with all the footwear outlets congregated a few blocks to the north. That place had been reno'd last summer and a sign posted announcing a fast cash outlet was coming. The sign disappeared within the week, and all the renos have since been demolished. The Running Room is definitely a step up from a check cashing counter.
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  #1116  
Old Posted Mar 1, 2007, 2:55 PM
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It's an appropriate national chain location. More on 8th that part of the Broadway experience. Plus it's an ugly building. Love the Jamil Toma by the way. Such a family man.
     
     
  #1117  
Old Posted Mar 1, 2007, 3:36 PM
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Love the Jamil Toma by the way. Such a family man.

I've always been creeped out by that picture, so I though it'd be perfect for an avatar.
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  #1118  
Old Posted Mar 2, 2007, 4:09 PM
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I would be much more encouraged reading this article month after month if there were cranes in the sky. In the meantime, we'll have to continue to blow our own horn, with nary a note sounded...

Saskatoon Real Estate Hot
March 02, 2007

It's not so easy to find a house to buy in Saskatoon.

The city's Real Estate Board has just put out the numbers for last month. There were only 250 active listings. The year before, at the same time, there were over 500 houses for buyers to pick from.

Nonetheless, the real estate market is hot in the Bridge City. In February, the number of sales totalled up to $60 million. That's up 80% from 2006.

The average selling price is over $187,000.

The reason for all of this, according to the real estate board, is Alberta expats. They are not only moving to Saskatoon, but they are also buying up investment properties.

Kate Peardon reporting

...
     
     
  #1119  
Old Posted Mar 7, 2007, 5:47 AM
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This thread has been dead for a little while, so I'll pose a question...

Why is everything in Saskatoon brown?? In summer it's not so noticeable and maybe it even makes the greenery pop a little more. Winter is a whole other story. I've honestly never noticed just how brown everything is!
     
     
  #1120  
Old Posted Mar 7, 2007, 5:55 AM
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here is another question: anything over 130 meters going up any time soon?
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