Edmonton Construction 11 (November 2011)

[Coldrsx]

^get on board with the DBA's planter program. You buy them, they deliver them and I believe the City waters them.

[Coldrsx]

Pearl and the race to the top.

http://www.edmontonjournal.com/business/...st+Pearl+might+signal/8549994/story.html

[Kevin_foster]

Originally Posted by Coldrsx

Pearl and the race to the top.

http://www.edmontonjournal.com/business/...st+Pearl+might+signal/8549994/story.html

Interesting factoid from that article.
"We’re at 40 sales on the project now, out of 128 units". So it's 1/3rd sold?

[MalcolmTucker]

Originally Posted by Kevin_foster

Interesting factoid from that article.
"We’re at 40 sales on the project now, out of 128 units". So it's 1/3rd sold?

Self finance? Risky risky.

[CMD UW]

Originally Posted by SHOFEAR

Not sure if anybody would know the answer, but is there any special procedure with the city for placing planters on the sidewalks infront of a condo building? We are looking at some sizeable planters infront of all the stone work in our building and we would hate to spend a couple grand on these things if the city is going to have a problem with it at some point. Even though the sidewalk extends right to the building I believe a good portion of it is on our property.

If its on your property you can do what you like.

[Shodan]

Council approves airport expropriation
Takeover of City Centre site could be completed by October

Gordon Kent
Edmonton Journal

Thursday, June 20, 2013

The city could take possession of the City Centre Airport land by fall after councillors voted Wednesday in favour of an expropriation plan.

The city has budgeted $76 million to cover the cost of the process and compensate more than 200 businesses and other organizations with an interest or leases at the 217-hectare site, officials said...

[email protected]
© Edmonton Journal 2013

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[240glt]

Originally Posted by MalcolmTucker

Self finance? Risky risky.

They've obviously got deep pockets. Between this, Edgewater and that lowrise on 123st they've probably got $250 million tied up in construction right now.

If they've only got 40 units sold that's pretty piss poor. Doesn't speak well to the "luxury" condo market

[240glt]

Job No 140183955-001: To construct a Community Recreation Service (amenity building with public skate change area, Edmonton speed Skating Association Club space, public washrooms and garage. storage area).
12030 - RIVER VALLEY ROAD NW
Plan 5470KS Blk OT
SHELTERBELT ARCHITECTURE
RIVER VALLEY VICTORIA

Job No 140157772-001: To change the Use of an existing Restaurant to a Bar/Neighbourhood Pub (Crazy Horse Gentlemen's Club Ltd.).
10126 - 100 STREET NW
Plan F Lots 31-32
CRAZY HORSE GENTLEMEN'S CLUB LTD.
DOWNTOWN

Job No 140148652-001: To construct a 23 dwellings Apartment building (4 storeys)
10265 - 95 STREET NW
Plan RN23 Blk 2 Lots 14-15
GMH ARCHITECTS
BOYLE STREET

Job No 140073769-001: Change the Use of (2) existing buildings and to construct major Interior Alterations and minor Exterior Alterations to create 1 - Health Service Use Building (IHuman Youth Society).
9635 - 102A AVENUE NW
Plan ND Blk 6 Lots 11-13
IHUMAN YOUTH SOCIETY
BOYLE STREET

[Coldrsx]

Excellent news about Victoria Park, the design is fantastic.


(http://www.edmonton.ca/city_government/documents/186-Victoria-1_400x600.jpg)

[MalcolmTucker]

Originally Posted by 240glt

They've obviously got deep pockets. Between this, Edgewater and that lowrise on 123st they've probably got $250 million tied up in construction right now.

If they've only got 40 units sold that's pretty piss poor. Doesn't speak well to the "luxury" condo market

What does their price per square foot look like? You can buy into top end existing buildings at less than $600 a squarefoot - they can't be trying for much more than that can they?

[Coldrsx]

Originally Posted by 240glt

If they've only got 40 units sold that's pretty piss poor. Doesn't speak well to the "luxury" condo market

40 units sold is a bit low, but hardly piss poor considering the prices.

2-3 units a month is quite good actually.

[Coldrsx]

Originally Posted by MalcolmTucker

What does their price per square foot look like? You can buy into top end existing buildings at less than $600 a squarefoot - they can't be trying for much more than that can they?

In and around $600. Upper units will have unparalleled views.

[240glt]

Originally Posted by Coldrsx

40 units sold is a bit low, but hardly piss poor considering the prices.

2-3 units a month is quite good actually.

They were at 28 a year ago. So the sales rates have been falling

[SHOFEAR]

I think there has been a lot of hesitation given the length of construction....now that glass is going up and people can actually see what the finished product is going to look like I would assume sales will speed up.

[Coldrsx]

That $/ft kind of product will always move slowly here, but steady as she goes and good point SHO.

[240glt]

And they're still a year from turnover so lots could happen.. and we all know that Edmontonians don't like pre-sales.. can't blame them for that

Wil make others take a long hard look at that market though. Still think that the entry level market is a much easier sell

[SHOFEAR]

If I was spending 900g's on a place and would want a pretty good idea of what the final product is going to look like. Renderings and a concrete skeleton wouldn't do.

[rapid_business]

/\ And yet Regency argued otherwise when they cut smaller units out of the original plans. However, that could be closer tied to $/sq.ft. they were charging vs. true smaller entry level units that the likes of fox and ultima are catering to.

[CMD UW]

Originally Posted by 240glt

And they're still a year from turnover so lots could happen.. and we all know that Edmontonians don't like pre-sales.. can't blame them for that

Wil make others take a long hard look at that market though. Still think that the entry level market is a much easier sell

That they don't. We're a patient 'build it and I'll believe it' market. Sales are fairly decent considering that the Edmonton market for $750k+ housing product is a slower sell.

Speaking of new towers. Open house for a proposed new highrise on the SE corner of 111 Street and 98 Avenue

DATE: Wednesday, June 26, 2013
TIME: 7:00 – 9:00 pm
LOCATION: Grandin School (Entrance 8 at the LRT Station)
9844 – 110 Street, Edmonton

Amendment to the Oliver Area Redevelopment Plan (Bylaw 11618) and the Edmonton Zoning Bylaw (Bylaw 12800) from (DC1 – Area 2) Direct Control Provision to (DC1 – Area 13) Direct Control Provision
for the site located at 9733 to 9749 – 111 Street.

[Coldrsx]

^I believe I might have seen an initial image of this one... looked very Toronto and quite good. Supremely good location as well.