Edmonton Real Estate Market

[KyleBlanchett]

With EA Bioware moving to EPCOR soon, that will be nearly 50,000 square feet of positive absorption downtown, on top of a number of startups moving into their own spaces. Those combined with no new further office space coming onto market, I fully expect Q2 to be net positive with a significant reduction in the downtown vacancy rate.

Construction on three floors (17,18,19) of EPCOR Tower is nearing completion for the future home of BioWare. October appears to be move in date for almost 300 Bioware employees.

 

[Daveography]

Downtown Edmonton developers would rather switch to rentals than fight with housing market - Edmonton | Globalnews.ca

Condos aren't selling in downtown Edmonton like they used to, so developers are changing their game. Now they're building purpose-built apartments for rental.

globalnews.ca

 

[archited]

Condos are selling as quickly as they ever have; with greater choice selection, buyers are now more choice-cognizant -- it's like this: if a car dealership opens in a given town then all purchases are measured against one option, but, if two more dealerships open in the same town, then sales are going to be depressed at the first location against an increase in over-all sales measured across three possibilities. Poor reporting in this case (lazy journalism).

 

[KyleBlanchett]

A new Costco will be built in West Edmonton.

18804 Stony Plain Rd

That will be the 3rd Costco on the West side of the city

 

[Avenuer]

A new Costco will be built in West Edmonton.

18804 Stony Plain Rd

That will be the 3rd Costco on the West side of the city

I wonder if the 149 St. location is moving due to the Yellowhead Freeway project? If so, this would be a replacement for that one I'd assume.

 

[KyleBlanchett]

I don't know where I'd put this info so I just put it here

Moxies is re branding their whole restaurants (New logo, New Name??, New menu, New interior New exterior) They plan on first opening restaurants with this updated look in 2020

 

[quit]

I wonder if the 149 St. location is moving due to the Yellowhead Freeway project? If so, this would be a replacement for that one I'd assume.

God, I hope not. I go to that Costco and do not plan on driving that far west if it relocates.

 

[Daveography]

In pictures: Edmonton's most expensive condo listings

Here’s a list of the five most expensive condos for sale in the Greater Edmonton Area:

edmonton.ctvnews.ca

TLDR; the most expensive units are:
#2902 Symphony Tower: $1,731,900
#3201 Fox Two: $1,269,900
#3002 Icon I: $1,195,000
#17xx 1932 by Bateman (unbuilt): $1,067,542
#602 One River Park: $874,800

 

[Daveography]

Construction on three floors (17,18,19) of EPCOR Tower is nearing completion for the future home of BioWare. October appears to be move in date for almost 300 Bioware employees.

New home: BioWare relocates to 75,000-square-foot downtown Edmonton location

Video game developer BioWare has upgraded to a massive new office space in Edmonton’s downtown.

edmontonjournal.com

 

[Daveography]

South Edmonton property once slated for new NAIT campus being sold for $50M | Globalnews.ca

The land, owned by the Alberta government for the past 12 years, was at one point set to become home to a large NAIT expansion named after the late premier Ralph Klein.

globalnews.ca

 

[archited]

?

 

[cmd uw]

South Edmonton property once slated for new NAIT campus being sold for $50M | Globalnews.ca

The land, owned by the Alberta government for the past 12 years, was at one point set to become home to a large NAIT expansion named after the late premier Ralph Klein.

globalnews.ca

I was thinking about this site the other day. Makes sense for the province to unload it.

 

[Daveography]

More suburban land swaths for sale

City lists 19.7 acres of land in south Edmonton for more than $5 million

The city is looking to sell an undeveloped 19.7-acre plot of land in south Edmonton for more than $5 million.

edmontonjournal.com

 

[KyleBlanchett]

Tony Romas will be closing down 4 of its Edmonton locations immediately. I have a feeling the other three locations will soon be shut down as well.
1: West Edmonton mall
2: Bonnie Doon
3: Westmount
4 Christy’s Corner

 

[Daveography]

@KyleBlanchett Not surprised, it was a chain in decline that has outlived its own concept (and failed to ever reinvent itself).