Edmonton Construction 13 (November 2015)

[Coldrsx]

They are and certainly would be.

Ex.

Typical new 1bdrm unit with 1 stall = 325-350k. Stall = 25-50k of that cost, depending on who you ask, is that parking portion. Some more, some less.

That said, parking requirements for Downtown are all over the place depending on the zone.

[canucklehead2]

I'd love to see car-free developments encouraged downtown especially within the 200m sphere of an LRT station... In downtown alone there are still plenty of spaces where this could be pretty viable the least of which is Downtown North aka Aurora: City of Light lands aka Ice District 2.0... Just saying that could be a great way to add a youthful mix of people into the area who are clearly not the target of the existing Ice District developments... Or even some of the Quarters sites... I'd love to live there given the right product...

[Black Star]

SCTV......


Edmonton portrayed as NYC


https://youtu.be/8GqbCrsfrfs

[240glt]

Originally Posted by canucklehead2

So a realistic figure sans parking would be... $300-ish/sq ft? So in theory you might be able to get a downtown microflat without parking under the $100K mark? If so, sign me up! Might not be everyone's Cup 'O Tea, and even though I do drive but have a place outside the core where I can leave it...

Entry level units in older buildings downtown start at around $120k

New, no way.. construction costs in Edmonton are just too high and quality of product way too low compared to other cities

[Kevin_foster]

Not sure i still in proposal stage or not.... but I really like this one for YEG. Not tall, but quite nice.. would like to see some high quality renders..!

Originally Posted by Coldrsx

Mezzo - had a tour of the sales centre, incredibly impressive. Love the patios, top floor amenities, townhouses and retail. This is an excellent project.

https://twitter.com/IanOyeg

[240glt]

Why so dark ?

I'm sorry I don't think that looks even remotely attractive, certainly not good enough for this city's signature tourist street

[lubicon]

Originally Posted by canucklehead2

So a realistic figure sans parking would be... $300-ish/sq ft? So in theory you might be able to get a downtown microflat without parking under the $100K mark? If so, sign me up! Might not be everyone's Cup 'O Tea, and even though I do drive but have a place outside the core where I can leave it...

That seems unrealistically low to me. In Calgary we are learning to grasp the same concept (no vehicles, how to allocate parking etc.) and this development in East Village is one of the first without parking. Prices are still > $200k by the looks of it and while Calgary prices are probably higher than Edmonton I think it illustrates what a similar building in Edmonton could look like.

http://n3condo.ca/

[Coldrsx]

Mezzo is in sales and my guess construction this time next year. The lighting was dark, the building is quite light actually and certainly of high-quality for the location. Go have a looksy 240.

[Coldrsx]

twitter.com/ianoyeg

[GreenSPACE]

Ice District 2.0 Open House today at Edmonton Tower, Main Lobby, 4:30pm-8pm. 10+ towers for north of Rogers Place.

[Mikemike]

Originally Posted by lubicon

That seems unrealistically low to me. In Calgary we are learning to grasp the same concept (no vehicles, how to allocate parking etc.) and this development in East Village is one of the first without parking. Prices are still > $200k by the looks of it and while Calgary prices are probably higher than Edmonton I think it illustrates what a similar building in Edmonton could look like.

http://n3condo.ca/

To go car-free you need a great location, and that means expensive land, so that's $50,000 plus per unit. Then $100,000 actual construction costs for a minimalist unit and you would be looking at $150k minimum. Plus marketing, financing and all that.

[canucklehead2]

Let's Make a Deal: YEG Edition. Price this unit of this were Edmonton, be it downtown or mill woods today...

http://www.cbc.ca/news/canada/british-co...icro-condos-for-sale-in-surrey-1.1316658

[canucklehead2]

Originally Posted by lubicon

That seems unrealistically low to me. In Calgary we are learning to grasp the same concept (no vehicles, how to allocate parking etc.) and this development in East Village is one of the first without parking. Prices are still > $200k by the looks of it and while Calgary prices are probably higher than Edmonton I think it illustrates what a similar building in Edmonton could look like.

http://n3condo.ca/

Those units start at 465 sq ft, which is 165 sq ft larger than most of the Vancouver/Hong Kong-style micro units currently planned for the Lower Mainland and Manhattan... still the rough breakdown would be $465/sq ft.

What if anything could be done to bring that cost down? Just curious to know what the biggest cost breakdowns would be and if anything could be done to lower the price point, as you see as a construction trend in the US post 2008...

[mintzilla]

Originally Posted by canucklehead2

Let's Make a Deal: YEG Edition. Price this unit of this were Edmonton, be it downtown or mill woods today...

http://www.cbc.ca/news/canada/british-co...icro-condos-for-sale-in-surrey-1.1316658

I would buy the hell out of one of these for a rental property.

Side rant: I would sell my soul to have this site (and Canada)use square meters instead of square feet

[Kevin_foster]

Not a bad price for a 300 sq. foot condo.
I'm currently doing a 350 sq. foot addition to our house, and I wish I could do it for 109,000.

Although if a person buying into a 300 sq. foot micro condo is looking to gain equity to eventually move up to something larger, I'm hesitant in believing the value of such a small square footage would increase enough to make it worth while. Great for a rental though.

[Hallsy's Toupee]

http://globalnews.ca/news/3560831/partne...ism-properties-closer-but-not-there-yet/

A deal to combine the convention centre capabilities of Northlands with the Edmonton Economic Development Corporation and the Shaw Conference Centre is getting closer to coming to fruition, but there is still work to be done.

Edmonton city council spent several hours behind closed doors Tuesday afternoon with representatives from the three groups. The plan is to have the three merge to help cover off the $47-million mortgage payment the city is likely to inherit from the Edmonton Expo Centre.

“To actually get to the final terms may take one more round of discussions, but I’m optimistic we’ll be able to resolve this no later than August,” Mayor Don Iveson said.

[EdmTrekker]

Sounds good to me. EEDC should be running the facilities - or a Metropolitan Edmonton Convention and Tourism Board. EEDC could look after economic development - get focused and maybe produce some results.

[CMD UW]

Originally Posted by EdmTrekker

Sounds good to me. EEDC should be running the facilities - or a Metropolitan Edmonton Convention and Tourism Board. EEDC could look after economic development - get focused and maybe produce some results.

Agreed.

[Rocket252]

Agreed as well - we need some focus - one group handles tourism and conventions - one economic development

[240glt]

I hope EEDC steps up their game then, From a facilities point of view the Shaw is not that well run.