Edmonton Construction 13 (November 2015) - Page 519

Black Star · #**10361** Posted **Apr 20, 2018, 12:08 AM**

IMG_5441 by BLACK STAR III, on Flickr

Urban recluse · #**10362** Posted **Apr 20, 2018, 1:31 AM**

The building housing the self storage: what a f*ckin waste.

Black Star · #**10363** Posted **Apr 20, 2018, 2:58 AM**

Quote:

Originally Posted by Urban recluse

The building housing the self storage: what a f*ckin waste.

Was totally thinking of this when I took the shot.

You wonder if a redevelopment of this building is in its future.

Urban recluse · #**10364** Posted **Apr 20, 2018, 2:23 PM**

Yeah, like this ain't 1990.

s211 · #**10365** Posted **Apr 20, 2018, 4:01 PM**

Quote:

Originally Posted by Black Star

Was totally thinking of this when I took the shot.

You wonder if a redevelopment of this building is in its future.

It would be interesting to run the financial analysis comparing value as-is versus potential lift from re-purposing. My first guess is that continued use as self-storage could run for some time yet. Self-storage a comparatively hands-off form of real estate that can generate some pretty hefty returns.

240glt · #**10366** Posted **Apr 20, 2018, 4:10 PM**

Quote:

Originally Posted by s211

It would be interesting to run the financial analysis comparing value as-is versus potential lift from re-purposing. My first guess is that continued use as self-storage could run for some time yet. Self-storage a comparatively hands-off form of real estate that can generate some pretty hefty returns.

Friend of mine built a storage business in Coquitlam 15 years ago. Made him a millionaire several times over.

Albicaulis · #**10367** Posted **Apr 20, 2018, 4:53 PM**

Not the most attractive use of the building, but a successful business that likely prevented it from the same fate as many other older brick buildings D/T. The influx of shoe-box condos in the area has likely strengthen the need for it.

Coldrsx · #**10368** Posted **Apr 20, 2018, 4:56 PM**

Windsor Terrace has its groundbreaking next weekend. Great looking project.

Vixx · #**10369** Posted **Apr 20, 2018, 5:43 PM**

I believe I read somewhere that Katz made an offer to purchase the self storage building and the owner declined.

The building isn't bad and has a ton of potential of housing micro apartments with retail on the floor. However, realistically nothing will be happening for some time with that building.

Urban recluse · #**10370** Posted **Apr 20, 2018, 6:46 PM**

I would add a glass addition to maximize the number of units, plus it would look cool. One of my favorite conversions is the Tip Top Building in TO.

s211 · #**10371** Posted **Apr 20, 2018, 7:26 PM**

Quote:

Originally Posted by 240glt

Friend of mine built a storage business in Coquitlam 15 years ago. Made him a millionaire several times over.

Same for the family that owned (still owns?) Maple Leaf Self Storage; those things are gold mines. Going from memory, that was the Lalji family of Larco fame.

Kevin_foster · #**10372** Posted **Apr 20, 2018, 8:01 PM**

Quote:

Originally Posted by Coldrsx

Windsor Terrace has its groundbreaking next weekend. Great looking project.

Great looking penthouses...

Coldrsx · #**10373** Posted **Apr 20, 2018, 8:21 PM**

Quote:

Originally Posted by Vixx

I believe I read somewhere that Katz made an offer to purchase the self storage building and the owner declined.

The building isn't bad and has a ton of potential of housing micro apartments with retail on the floor. However, realistically nothing will be happening for some time with that building.

I believe they did end up acquiring it in the end. I would love to see it become modern lofts with a tower to the north of it.

GreenSPACE · #**10374** Posted **Apr 20, 2018, 9:57 PM**

https://www.theclove.ca/

GreenSPACE · #**10375** Posted **Apr 20, 2018, 10:03 PM**

Congrats Ken and others involved with Brighton Block. Small updated rendering image from the article:

https://renx.ca/sparrow-capital-melds-cultural-growth-economic-opportunity/

Black Star · #**10376** Posted **Apr 20, 2018, 11:27 PM**

Damn....That looks good.

s211 · #**10377** Posted **Apr 21, 2018, 1:03 AM**

Quote:

Originally Posted by GreenSPACE

https://www.theclove.ca/

Wow. That's a whole lotta nope, wrapped up in one package. Looks like surface garages in the middle, which results in zero accessibility for wheelchairs: nope.

Ugly, cookie-cutter, I'm guessing merchant developer that doesn't give two whits about quality.

TGIF.

Hardhatdan · #**10378** Posted **Apr 21, 2018, 2:43 AM**

Quote:

Originally Posted by s211

Wow. That's a whole lotta nope, wrapped up in one package. Looks like surface garages in the middle, which results in zero accessibility for wheelchairs: nope.

Ugly, cookie-cutter, I'm guessing merchant developer that doesn't give two whits about quality.

TGIF.

From what little I can, looks pretty nice.

CMD UW · #**10379** Posted **Apr 21, 2018, 2:52 AM**

Quote:

Originally Posted by Hardhatdan

From what little I can, looks pretty nice.

Yeah, it looks decent from what I can see. Cookie cutter, far from. s211 I think you're a bit offside on this one.

Black Star · #**10380** Posted **Apr 21, 2018, 4:15 AM**

Quote:

Originally Posted by CMD UW

Yeah, it looks decent from what I can see. Cookie cutter, far from. s211 I think you're a bit offside on this one.

I actually think they are not bad at all. Like to see better pics tho.