10123 106 Street | 24m | 7s | Westrich Pacific | Arc Studio

What do you think of this project?

  • I like it a lot

    Votes: 8 25.8%

  • I like it

    Votes: 19 61.3%

  • I neither like nor dislike it

    Votes: 4 12.9%

  • I dislike it

    Votes: 0 0.0%

  • I dislike it a lot

    Votes: 0 0.0%
  • Total voters
    31
I don't disagree, but what was the rational to pass it along versus dealing with it?
 
Avenuer said:
In all honesty I doubt this gets constructed as-is (likely will get shortened considerably), there just isn't enough demand in the Edmonton Region for another 40+ storey residential tower when we have newly-built projects struggling to fill up.
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I don't think Encore has much left at all and The View mostly has lower floor units unsold with views of the hospital parkade or the Madison 111 that it's tightly wedged between and for those views near the bottom they are asking $500/sq ft or more.
The Legends unsold units are asking for a lot more per sq ft and then we have The Symphony - and I don't know where sales are for that but I think it's higher priced, too.
I don't think there is any other new product is there? Is under $500/sq ft no longer in the cards for new product in downtown Edmonton?
 
Asking somebody to put down thousands of dollars for a deposit for something that they likely won't be taking possession of for three years or longer must impact sales significantly in this economy of the last couple of years but I guess that's the model for new sale condos. Falcon began selling a couple of years ago didn't it? Not surprising people are not putting down deposits - don't even know when construction is starting. At least with a house, when you put down money you generally know you will be moving in within a year or less and you know construction is starting soon.
 
Encore was very drawn out, Symphony somewhat too. Putting a deposit down and waiting years several years wouldn't be for me, but I can understand why it appeals to some people.

If you want something new, you really like the location and project and are in no rush to move it hopefully gives you some certainty. Some people really like to plan ahead.

I recall one person saying they put a deposit down for Encore, I got that the location was particularly well suited for them. Of course, many people will also wait to see some sign of progress with construction.
 
Is this project planned to be condos or rentals? Definitely a lot of rental product out there, not as much new product for sale.
 
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