I think this may be something related to the ealier proposed Edmonton/St Marys developement adjacent to the Convention Centre but close to York Ave by Lakeview.
The proposal was first made public back in November 2004.
The Lakeview Group announced the construction of a $12m, six storey, 115 room all-suite hotel connected to the downtown Skywalk system. Construction was to begin in Spring 2005.
Earlier this month one of the city's most announced projects was announced yet again: the Lakeview Hotel on St. Mary Avenue at Edmonton Street.
First proposed in 2004, the plan has undergone a number of changes. The most recent incarnation calls for two hotels on the site: one facing Edmonton Street and another facing St. Mary Avenue.
It would be great to have that site filled and the last link of the southern loop of the Skywalk system completed. Unfortunately, the connection is to be part of the St. Mary hotel which will be built as a second phase.
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The bolded sounds very close to what was listed today. I do agree,$ 12 million and 6 floors is a little underwhelming.
Proposed Location: