Quote:
Originally Posted by s211
Not construction-related, but Edmonton House is on the market. An interesting example of rental tower converted to long-stay hotel and then back to rental. What goes around?
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"Agents for the sale, Institutional Property Advisors, a division of Marcus & Millichap, are asking for bids on the property until March 11. ... The third, 34th and 35th floors of the building are now offices occupied by current building owner Maclab Properties, which will be vacating the building."
I wonder what is happening with Maclab ... sure will help fund the towers on 108th where iirc they are a partner or perhaps this is a one-off sale - a leftovers from shared assets by the Mactaggart family. New beginnings in any event.
https://renx.ca/landmark-edmonton-tower-apartments-building-for-sale/
Edmonton Journal reporter got it wrong ... "It was previously a hotel owned by Coast Hotel s and Resorts Canada before being converted into residences in 2013.". It was always owned by Maclab - Coast simply had an operating agreement to run a hotel.