Edmonton Construction 9 (2008-08) - Page 323

Coldrsx · #**6441** Posted **Jun 30, 2009, 4:16 PM**

^but that's the thing... this wouldn't be for 1st time buyers but moveup buyers.

Sure we need more 1st time buyer product and family product but we also need some nicer move up product. I am having a very hard time finding something i would want.

kcantor · #**6442** Posted **Jun 30, 2009, 5:33 PM**

Quote:

Originally Posted by 240glt

^ And there's your problem. We don't need affordable 'for the right people' if we're going to seriously densify the downtown.

I wouldn't complain if that building was built here but lets not pretend that buildings like that are going to make any serious difference in the quantity of people living in the core.

until you define "affordable" you can't address your "complaint". you - and Ian) - are trying to compare product that's selling in the 550 - 650 psf range with product in a market where the pricing is still in the 250 - 350 psf range. if it takes you 450 - 500 to deliver the product, you won't find it being offered until the market is prepared/able to pay for it. or you won't find it being offered until the market moves past what people can afford to buy and they are then prepared to rent which is what people do when they can't buy. and there's nothing wrong with that or with that market (and that's procura's target market for mayfair).

Harrison · #**6443** Posted **Jun 30, 2009, 5:35 PM**

How many floors is the Quest going to be when topped out?

Kevin_foster · #**6444** Posted **Jun 30, 2009, 5:37 PM**

^ 22 I believe

CMD UW · #**6445** Posted **Jun 30, 2009, 5:44 PM**

Quote:

Originally Posted by cdnklc

until you define "affordable" you can't address your "complaint". you - and Ian) - are trying to compare product that's selling in the 550 - 650 psf range with product in a market where the pricing is still in the 250 - 350 psf range. if it takes you 450 - 500 to deliver the product, you won't find it being offered until the market is prepared/able to pay for it. or you won't find it being offered until the market moves past what people can afford to buy and they are then prepared to rent which is what people do when they can't buy. and there's nothing wrong with that or with that market (and that's procura's target market for mayfair).

That's what I was going to say, agreed.

kcantor · #**6446** Posted **Jun 30, 2009, 5:50 PM**

Quote:

Originally Posted by 240glt

^ And there's your problem. We don't need affordable 'for the right people' if we're going to seriously densify the downtown.

I wouldn't complain if that building was built here but lets not pretend that buildings like that are going to make any serious difference in the quantity of people living in the core.

until you define "affordable" you can't address your "complaint". you - and IanO - are trying to compare product that's selling in the 550 - 650 psf range with product in a market where the pricing is still in the 250 - 350 psf range. if it takes you 450 - 500 to deliver the product, you won't find that kind of product being developed until enough of the market is prepared/able to pay for it.

as for the "affordable" side of that, once the market moves past what some people can afford to buy, those individuals have to then be prepared to rent - which is what people do when they can't buy. and there's nothing wrong with that or with that market segment (which is actually procura's target market for mayfair).

there seems to be an assumption that ownership is what has to kept affordable when in fact it is shelter that needs to kept affordable and those are not the same things.

CMD UW · #**6447** Posted **Jun 30, 2009, 6:21 PM**

Some new Dev Permits to ponder:

Job No 87617482-001: To change the use from general warehouse to residential sales centre and to demolish (320 m2) of the building.
9160 - JASPER AVENUE NW
Plan RN37A Blk 2 Lots 1-3
REDLEAF ENTERPRISES INC.
BOYLE STREET
^ Anyone know what this is?

Job No 86535996-002: To construct an addition to the Federal building, to construct interior alterations and to develop a multi-purpose plaza.
9804 - 107 STREET NW
Plan 9524895 Blk G
KASIAN ARCHITECTURE AND PLANNING LTD.,
DOWNTOWN

Coldrsx · #**6448** Posted **Jun 30, 2009, 6:23 PM**

'Job No 86535996-002: To construct an addition to the Federal building, to construct interior alterations and to develop a multi-purpose plaza.
9804 - 107 STREET NW
Plan 9524895 Blk G
KASIAN ARCHITECTURE AND PLANNING LTD.,
DOWNTOWN"

cannot wait to see the final design.... they better have kept it simple and respecting the original...

acadams · #**6449** Posted **Jun 30, 2009, 7:10 PM**

just got back from lunch..I was surprised to step off the elevator and see the lobby to the capital health center open to sight

s211 · #**6450** Posted **Jun 30, 2009, 8:56 PM**

Quote:

Originally Posted by Coldrsx

'Job No 86535996-002: To construct an addition to the Federal building, to construct interior alterations and to develop a multi-purpose plaza.
9804 - 107 STREET NW
Plan 9524895 Blk G
KASIAN ARCHITECTURE AND PLANNING LTD.,
DOWNTOWN"

cannot wait to see the final design.... they better have kept it simple and respecting the original...

Kasian does well with simple (nee "boring").

Thank your stars it's not Cohos. They are the architectural equivalent of a Mexican skin graft clinic.

Harrison · #**6451** Posted **Jun 30, 2009, 9:14 PM**

[QUOTE=CMD UW;4333982]Some new Dev Permits to ponder:

Job No 87617482-001: To change the use from general warehouse to residential sales centre and to demolish (320 m2) of the building.
9160 - JASPER AVENUE NW
Plan RN37A Blk 2 Lots 1-3
REDLEAF ENTERPRISES INC.
BOYLE STREET

^Isn't this making way for that multi-tower development that has been proposed for some time? I believe it was presented in front of EDC, but was shot down for a redesign.

kcantor · #**6452** Posted **Jul 1, 2009, 12:30 AM**

happy canada day

thanks duncan

CMD UW · #**6453** Posted **Jul 1, 2009, 1:44 AM**

^ Sweet

Happy Canada Day to all....

craner · #**6454** Posted **Jul 1, 2009, 2:43 AM**

Just finished browsing through the last 20 pages or so. I hope we get to see some of the new office tower designs - and one (or 2

) of them proceed.
I'm really hoping the decision is made to close the muni and end the debate once and for all. I would love to see a few 170m-200m towers sprout in Edmonton.

bulliver · #**6455** Posted **Jul 1, 2009, 3:45 AM**

^ That would be great, but I'm starting to think it may be better to fill in some of the huge gaps in the skyline. Some of them are quite pronounced.

Coldrsx · #**6456** Posted **Jul 1, 2009, 3:51 AM**

we need a new tallest.... that is objective #1 for many reasons but once that is done we need 3-5 more condos downtown (not office) that are in the 15-25 range from 105st-109st from jasper - 104ave

lightrail · #**6457** Posted **Jul 1, 2009, 5:04 AM**

Quote:

Originally Posted by Coldrsx

we need a new tallest.... that is objective #1 for many reasons but once that is done we need 3-5 more condos downtown (not office) that are in the 15-25 range from 105st-109st from jasper - 104ave

One problem - it's called Runway 34 at CYXD.

scumtoes · #**6458** Posted **Jul 1, 2009, 6:24 AM**

Quote:

Originally Posted by cdnklc

happy canada day

thanks duncan

Cool. Similar to the one I saw leaving Fort McMurray earlier this evening.

Happy Bday CANADA!

Coldrsx · #**6459** Posted **Jul 1, 2009, 7:35 PM**

9am - pancake breakfast at the legislature

11am - city hall for various events including petting zoo

12:30pm - Louise McKinney Park

1:35pm - home, beer, tired

CMD UW · #**6460** Posted **Jul 1, 2009, 11:39 PM**

Rumour mill: It looks like WAM purchased or has optioned the existing residential properties along Clifton Place (south of Original Joes on 102 Ave). They are contemplating a highrise residential tower with a townhome podium. Not sure on the specifics....more to come.