Tower 101 | 175m | 50s | Regency Developments | DER + Associates

What do you think of this project?

  • Total voters
    50
If the City Centre Mall Redevelopment happens and the LRT opens up I'm sure this area will become a lot more vibrant quickly and it will be a no-brainer to put something interesting here. I could see 102 Ave becoming like Edmonton's Stephen Avenue if some street facing retail pops up and they end up removing cars permanently (which from my understanding seems unlikely at this point unfortunately). I think that downtown will get new life injected into it as some of the other developments around this area start to get pushed through. I see the area just west of the CBD becoming extremely attractive and vibrant in the next decade or so with the planned Warehouse Central Park and all the new residential set to be built. Hopefully some of this life will start to seep back into the CBD.
 
erudyk_29 said:
If the City Centre Mall Redevelopment happens and the LRT opens up I'm sure this area will become a lot more vibrant quickly and it will be a no-brainer to put something interesting here. I could see 102 Ave becoming like Edmonton's Stephen Avenue if some street facing retail pops up and they end up removing cars permanently (which from my understanding seems unlikely at this point unfortunately). I think that downtown will get new life injected into it as some of the other developments around this area start to get pushed through. I see the area just west of the CBD becoming extremely attractive and vibrant in the next decade or so with the planned Warehouse Central Park and all the new residential set to be built. Hopefully some of this life will start to seep back into the CBD.
Click to expand...
Yes, it will probably help a lot when the LRT opens up. I still have no idea when that will be, but we must be getting close - 3 months or so is my best guess. The Valley Line people now seem very reticent about deadlines, perhaps because having missed so many they have been burned a number of times.

If the mall actually knew or was confident when it would open that might initiate activity by them to do something like this. It would cost some money to open it up, but wouldn't necessarily have to be a huge expense. It could be as easy as replacing some windows with doors.
 
Potential Future site uses
A supertall that is 310m and 90 floors
A 10 floor office tower with all glass
A 30 floor residential tower
A park
A decent midrise residential building
A multistorey parking garage
 
Kirkland 808 said:
Potential Future site uses
A supertall that is 310m and 90 floors
A 10 floor office tower with all glass
A 30 floor residential tower
A park
A decent midrise residential building
A multistorey parking garage
Click to expand...
Not sure I'm on board with the multistorey parking garage nor the supertall (though it's definitely much better than a parking garage). Personally I'd like to see something between 150-200 metres. Mostly residential but definitely mixed-use. With active storefronts along 102 ave and 101st st could also have a second level of commercial above in lofts. It would be so great to see a replica of the Tegler facade come back for the bottom few floors as well.
 
erudyk_29 said:
Not sure I'm on board with the multistorey parking garage nor the supertall (though it's definitely much better than a parking garage). Personally I'd like to see something between 150-200 metres. Mostly residential but definitely mixed-use. With active storefronts along 102 ave and 101st st could also have a second level of commercial above in lofts. It would be so great to see a replica of the Tegler facade come back for the bottom few floors as well.
Click to expand...
I change my mind about those concepts your proposal is a great idea
If somthing that is similer to your proposal gets built It would imedietly become my Favourite building
 
Lots of you guys are dreaming - this site will take a while to sell. As CaptainBL has mentioned institutional capital is not investing in Edmonton, which means a local player would have to purchase this. Local players have all looked at this site and passed. The reason the Downtown Recovery Coalition has so many members from our real estate industry is because they have been trying to explain that institutional capital will not invest here with the current state of downtown.
 
Institutional Capital in pre-development has rarely invested in Edmonton Downtown infrastructure buildout -- that's a no-brainer. Those Toronto-centric minions consider Edmonton to be an outback. I believe that it is one of the reasons that so many world-class companies in the development world have started in the big E -- Triple 5, Poole (PCL), Oxford for example -- they have had to be very creative in their financing models and their growth structures and strategies. It is one of the reasons that CWB has seen an opening here and has grown so quickly. Edmonton has always been rather insular on the development side.
 
Like many things, real estate goes in cycles. Urban problems, interest rates and economic concerns are not unique to Edmonton.

It is unfortunate that this site has languished. I was concerned when the BMO building was torn down it was the wrong time and it would sit for a long time.

It seems to take no particular brilliance to tear something down. If the LRT ever starts running, that will help some for this area.
 
archited said:
Institutional Capital in pre-development has rarely invested in Edmonton Downtown infrastructure buildout -- that's a no-brainer. Those Toronto-centric minions consider Edmonton to be an outback. I believe that it is one of the reasons that so many world-class companies in the development world have started in the big E -- Triple 5, Poole (PCL), Oxford for example -- they have had to be very creative in their financing models and their growth structures and strategies. It is one of the reasons that CWB has seen an opening here and has grown so quickly. Edmonton has always been rather insular on the development side.
Click to expand...

I don't disagree with this but the Edmonton development community has already been aware of the availability of this site. Local players have looked at it and passed - there is a reason it is now listed with a broker incurring commissions on a sale. It was shopped privately originally.
 
archited said:
Institutional Capital in pre-development has rarely invested in Edmonton Downtown infrastructure buildout -- that's a no-brainer. Those Toronto-centric minions consider Edmonton to be an outback. I believe that it is one of the reasons that so many world-class companies in the development world have started in the big E -- Triple 5, Poole (PCL), Oxford for example -- they have had to be very creative in their financing models and their growth structures and strategies. It is one of the reasons that CWB has seen an opening here and has grown so quickly. Edmonton has always been rather insular on the development side.
Click to expand...
Manulife got burned years ago and swore they wouldn’t invest in Edmonton again. I guess the word got around.
 
I think the fact that this plot of lot, in the absolute dead centre of a major Canadian city in a wealthy province, having difficulty in attracting interest from developers is a microcosm of how dead in the water institutional investment is here right now. If this were in most other major Canadian cities, there would be a bidding war amongst big time developers. Yet here we are.
 
Munanyo said:
I think the fact that this plot of lot, in the absolute dead centre of a major Canadian city in a wealthy province, having difficulty in attracting interest from developers is a microcosm of how dead in the water institutional investment is here right now. If this were in most other major Canadian cities, there would be a bidding war amongst big time developers. Yet here we are.
Click to expand...

Seems like a similar situation is happening in another major Canadian city - Calgary.

 
You must log in or register to post here.

Back
Top