Edmonton Construction Part 14 (October 2023)

[Rocket252]

^

I can see George Jetson living there.

[CMD UW]

Originally Posted by YegFan

I am not in the real estate development business, but I wonder how some projects are feasible and some lots that are across the street sit idle because the numbers don't work.

These guys at Edgar seem to have figured things out quite well in the Edmonton market or they are willing to take risks while others don't have such appetite.

There are a myriad of factors - availability and cost of capital (equity and debt), comfort on construction costs and rental revenue assumptions, ability to hit investment returns, and just an overall decision to take on risk.

[Hallsy's Toupee]

Let's check again in 3 or 4 years once the Warehouse Park is completed, maybe The Shift will be more appealing by then.

[kcantor]

deleted - wrong thread

[Coldrsx]

Grasshopper?

[craner]

Originally Posted by Coldrsx

Who remembers this one?

https://www.yorktongroup.com/current-projects/

^ What the ….?
Don’t remember that one.

[craner]

Edmonton office leasing hit five-year high in 2023 as tenants returned

http://https://www.westerninvestor.com/british-columbia/edmonton-office-leasing-hit-five-year-high-in-2023-as-tenants-returned-8105269

I’m actually glad CWB is going into Manulife instead of proceeding with a new stump in the ICE district.
No sense adding new office space to the market at this point. And hopefully now that prime ICE district lot gets something much taller

[Harrison]

Originally Posted by craner

Edmonton office leasing hit five-year high in 2023 as tenants returned

http://https://www.westerninvestor.com/british-columbia/edmonton-office-leasing-hit-five-year-high-in-2023-as-tenants-returned-8105269

I’m actually glad CWB is going into Manulife instead of proceeding with a new stump in the ICE district.
No sense adding new office space to the market at this point. And hopefully now that prime ICE district lot gets something much taller

Agreed in FULL

[CMD UW]

Originally Posted by craner

Edmonton office leasing hit five-year high in 2023 as tenants returned

http://https://www.westerninvestor.com/british-columbia/edmonton-office-leasing-hit-five-year-high-in-2023-as-tenants-returned-8105269

I’m actually glad CWB is going into Manulife instead of proceeding with a new stump in the ICE district.
No sense adding new office space to the market at this point. And hopefully now that prime ICE district lot gets something much taller

Absolutely. The last thing we need in this market is more office space.

[Black Star]

Originally Posted by craner

Edmonton office leasing hit five-year high in 2023 as tenants returned

http://https://www.westerninvestor.com/british-columbia/edmonton-office-leasing-hit-five-year-high-in-2023-as-tenants-returned-8105269

I’m actually glad CWB is going into Manulife instead of proceeding with a new stump in the ICE district.
No sense adding new office space to the market at this point. And hopefully now that prime ICE district lot gets something much taller

Agree.....I can't wait to see Manulife's new podium. Also, when the time and market is right the Ice districts (trophy) tower.

[Coldrsx]

https://www.linkedin.com/in/fahads1?...PLBHgWdg%3D%3D

[Coldrsx]

CWB Tower (for now) new brochure, promo and 200,000sqft offer.
https://www.collierscanada.com/en-ca...ada/can2007277

[Coldrsx]

https://twitter.com/markyeg/status/1746721579722272890

[Rocket252]

Are those plumes in the background the Genesee Power plant?

[Airboy]

Originally Posted by Rocket252

Are those plumes in the background the Genesee Power plant?

Keephills and Genesee I believe Right is Keephills.

[Rocket252]

^ If that pic is from the top of Stantec that is a distance of about 80 km you can see.

Cool

[Hallsy's Toupee]

Originally Posted by Airboy

Keephills and Genesee I believe Right is Keephills.

I would have thought Keephills and Sundance. Isn't Genesee further SW near Highway 39?

[Airboy]

[IMG]JDS_0051 by [url=https://www.flickr.com/photos/[/url], on Flickr[/IMG]

This is from Stantec

Originally Posted by Rocket252

^ If that pic is from the top of Stantec that is a distance of about 80 km you can see.

Cool

Photo looks like from the Marott. As for the power plants I feel its Keephills and Gen. Looking at the map of the area it would be about right.

[Harrison]

That view from the top of Stantec is crazy. It's a shame a public observation platform was never built on the top floor - I bet it would have been a popular tourist destination. What is on the highest occupied floor, penthouse suite?

[Coldrsx]