Edmonton Construction 13 (November 2015) - Page 741

CMD UW · #**14801** Posted **Feb 16, 2020, 9:33 PM**

Quote:

Originally Posted by EdmTrekker

Quite the effort to create this space utilizing the existing building. Anyone know if they are filling in that open air space (atrium)? You can see I here: https://goo.gl/maps/K92DYR9TQUPYX6nYA

We wouldn't have cut open 3 floors if we were planning on deleting it. We're creating a lightwell that extends from the main floor all the way up to the top. It's an important part of the redevelopment. I hope to provide more details on this one in due time.

EdmTrekker · #**14802** Posted **Feb 16, 2020, 10:16 PM**

Quote:

Originally Posted by CMD UW

We wouldn't have cut open 3 floors if we were planning on deleting it. We're creating a lightwell that extends from the main floor all the way up to the top. It's an important part of the redevelopment. I hope to provide more details on this one in due time.

That is going to be nice - and bright and people will like that.

TimB09 · #**14803** Posted **Feb 18, 2020, 2:27 PM**

Quote:

Originally Posted by Coldrsx

Mezzo off Whyte:

Hearing that it will be converted to rental and u/c this fall.

Still going to look the same as their last renders?

Coldrsx · #**14804** Posted **Feb 18, 2020, 3:12 PM**

^likely some changes, but unsure how much they want to revise their DC...again.

Coldrsx · #**14805** Posted **Feb 18, 2020, 10:33 PM**

Cannot recall if I mentioned it or not, but work seems to have commenced on the new Hyatt/former Enbridge tower on Jasper/102st.

CMD UW · #**14806** Posted **Feb 19, 2020, 6:25 AM**

Quote:

Originally Posted by Coldrsx

Cannot recall if I mentioned it or not, but work seems to have commenced on the new Hyatt/former Enbridge tower on Jasper/102st.

They must have received their BP approval. Nice to see this site humming again.

Clearshades · #**14807** Posted **Feb 24, 2020, 7:35 AM**

Quote:

Originally Posted by Coldrsx

Met with Procura/Dialog today regarding Sedona. Rezoning to DC2/RMU and wanting to move quickly on this one.

-Micro/small unit sizes, mostly 300-480sqft.
-Building brought out to 100ave
-Wood framed
-Common amenity courtyard
-UG parking for ~38 units/208
-Targeting a younger demo; those working Downtown.

https://twitter.com/SkyriseEdmonton/status/1227009365963571201
@SkyriseEdmonton

Wish they would reduce the bulkiness for north south by adding a couple more floors to the north elevation and apply a cascade affect to the whole project (3 parts). The east elevation could use a bit more activation.

Coldrsx · #**14808** Posted **Feb 24, 2020, 3:30 PM**

Major geotechnical constraints and they wanted wood-framed. We suggested some break in the north elevation by way of masonry to match the south.

adam-machiavelli · #**14809** Posted **Feb 24, 2020, 8:05 PM**

What will be on the main level? Shops? offices? Residential units?

Coldrsx · #**14810** Posted **Feb 24, 2020, 9:55 PM**

Residential.

Clearshades · #**14811** Posted **Feb 24, 2020, 11:40 PM**

Quote:

Originally Posted by Coldrsx

Major geotechnical constraints and they wanted wood-framed. We suggested some break in the north elevation by way of masonry to match the south.

I understand that wood frame is what they want to do, but minor augmentation to the front would suffice that. Realistically, all that has to be done is reinforce the 1/3 portion closes to 100 ave section then slice of 2 floors to the 1/3 portion from the south to stack on top to create the cascade.

rapid_business · #**14812** Posted **Feb 26, 2020, 7:24 PM**

Quote:

Originally Posted by EdmTrekker

"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.

My guess is likely this. Sell off an older, well located asset after a major reno and fully leased. Get some capital for the next couple projects which they are planning for.

Black Star · #**14813** Posted **Mar 2, 2020, 4:54 PM**

Stantec Tower sale boosts droopy 2019 Edmonton commercial real estate market.

The half-billion-dollar 2019 sale of Stantec Tower drove Edmonton’s commercial real estate market to end 2019 on a high note, with a record $1.7 billion in sales in the fourth quarter.

The $1.7-billion bump represented 53 per cent of total sales for the year, show the latest numbers from Altus Group. In total, there were 489 sale transactions, representing $3.3 billion, which is a 13 per cent decrease from 2018.

Ben Tatterton, a manager at Altus Group, describes 2019 as sporadic.

https://edmontonsun.com/business/commerc...wcm/d484ac7a-f61b-446f-aa48-337e68285b8e

Coldrsx · #**14814** Posted **Mar 2, 2020, 5:20 PM**

Whoops double post

Kevin_foster · #**14815** Posted **Mar 2, 2020, 5:31 PM**

2 Proposed 26 Storey towers for St. Albert - on the old Holes lands where Bontanica is almost wrapping up.

Not sure if this is pie in the sky or not. Or if there is a market for 500 more units in St. Albert.

https://edmonton.skyrisecities.com/news/...m_source=twitter.com&utm_campaign=buffer

Airboy · #**14816** Posted **Mar 2, 2020, 5:46 PM**

Quote:

Originally Posted by Kevin_foster

2 Proposed 26 Storey towers for St. Albert - on the old Holes lands where Bontanica is almost wrapping up.

Not sure if this is pie in the sky or not. Or if there is a market for 500 more units in St. Albert.

https://edmonton.skyrisecities.com/news/...m_source=twitter.com&utm_campaign=buffer

This may have more of a chance than the Grandin proposal which seems to be stalled. I did notice quite a few rental buildings going up in the NW corner of St Al.

s211 · #**14817** Posted **Mar 3, 2020, 12:54 AM**

I'm hearing good things about the new digital art in the repositioned HSBC building. I could be wrong, but I think (think) you've beat Vancouver to the punch in that regard.

CMD UW · #**14818** Posted **Mar 3, 2020, 5:12 PM**

Quote:

Originally Posted by s211

I'm hearing good things about the new digital art in the repositioned HSBC building. I could be wrong, but I think (think) you've beat Vancouver to the punch in that regard.

They are pretty cool. They did a decent job on repositioning that building. A nice new HSBC sign has been installed on top, so I guess we can still call this the HSBC Building.

Coldrsx · #**14819** Posted **Mar 5, 2020, 9:52 PM**

Falcon Tower One DP.

Source:City of Edmonton mail notification

rapid_business · #**14820** Posted **Mar 5, 2020, 10:27 PM**

Any idea what their percentage sold is currently for that first tower?