Great Gulf East Village

Spring2008 · #1 Posted **Nov 22, 2015, 11:03 PM**

Nice design, this area could really use more infill like this.

Quote:

Druh Farrell ‏@DruhFarrell Nov 20 Development permit has been issued for new towers in East Village.

https://twitter.com/DruhFarrell?ref_...Ctwgr%5Eauthor

http://calgaryherald.com/business/re...n-east-village

Chadillaccc · #2 Posted **Nov 23, 2015, 8:05 AM**

Amazing news. I just registered on Great Gulf's site for information about the project.

Calgarian · #3 Posted **Nov 23, 2015, 2:31 PM**

Looks pretty good, will help the area a bunch!

H.E.Pennypacker · #4 Posted **Nov 23, 2015, 3:04 PM**

Saw some banner advertisements over the weekend at the site ... Good to see that this one is still in the works

Surrealplaces · #5 Posted **Nov 23, 2015, 4:32 PM**

Very cool indeed. I'm not sure if this is active right now though....the DP (DP2015-1356) was actually submitted back in March.

http://forum.skyscraperpage.com/show...hlight=Calgary

Tropics · #6 Posted **Nov 23, 2015, 6:36 PM**

Love this, has a unique urban flair I had wished Westbrook would have gotten.

Govertical · #7 Posted **Nov 24, 2015, 2:17 AM**

Wish Great Gulf would buy those godawful condos north of the site and demo them, they look so out of place..maybe at a later date.

Chadillaccc · #8 Posted **Nov 24, 2015, 2:36 AM**

Quote:

Originally Posted by Surrealplaces

Very cool indeed. I'm not sure if this is active right now though....the DP (DP2015-1356) was actually submitted back in March.

http://forum.skyscraperpage.com/show...hlight=Calgary

Perhaps it is that one which was just approved? Because in your OP on that thread, you used the word "submitted"...

*Stardust* · #9 Posted **Nov 24, 2015, 5:37 AM**

Quote:

Originally Posted by Govertical

Wish Great Gulf would buy those godawful condos north of the site and demo them, they look so out of place..maybe at a later date.

I am such a hater of those condos. Isn't it more difficult to buy out a condo complex though? Is it common for developers to buy out a low rise condo to develop a high rise?

mersar · #10 Posted **Nov 24, 2015, 3:11 PM**

Quote:

Originally Posted by *Stardust*

I am such a hater of those condos. Isn't it more difficult to buy out a condo complex though? Is it common for developers to buy out a low rise condo to develop a high rise?

It is incredibly difficult and expensive. Since every condo is its own title, you need to convince every single owner to sell to you [and likely at inflated prices]. So depending on the building that could be dozens of transactions and if one or two refuse, well you're either stuck until you offer them enough to make them change their mind, or you are stuck with owning most of a building but not all.

Riise · #11 Posted **Nov 24, 2015, 3:39 PM**

Quote:

Originally Posted by mersar

It is incredibly difficult and expensive. Since every condo is its own title, you need to convince every single owner to sell to you [and likely at inflated prices]. So depending on the building that could be dozens of transactions and if one or two refuse, well you're either stuck until you offer them enough to make them change their mind, or you are stuck with owning most of a building but not all.

It just adds to the stress but I guess one could make life very uncomfortable for the hold-out owners.

Electrical Storm · #12 Posted **Nov 24, 2015, 3:56 PM**

Quote:

Originally Posted by *Stardust*

I am such a hater of those condos. Isn't it more difficult to buy out a condo complex though? Is it common for developers to buy out a low rise condo to develop a high rise?

What condo project are you referring to?

I'm not sure if there is a Calgary precedent for a condo building being bought out bit by bit, strata by strata. If there is, I'd be interested to know.

WhipperSnapper · #13 Posted **Nov 24, 2015, 4:46 PM**

I don't see anyone assembling units one by one. It would be an all or nothing offer to the condo corporation.

nick.flood · #14 Posted **Nov 24, 2015, 5:49 PM**

delete