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Student Housing Accelerator
- Thread starter The_Cat
- Start date
MacLac
Senior Member
That's right....there was some debate about that lot as Ian was incognito in denying or confirming Westrich's involvement. He eventually came out by cryptically "sort of" denying Westrich's involvement showing the DP.
TAS
Senior Member
Are Edmonton developers racing to build student housing?
Student housing initiative aims to ease a persistent shortages and activate underused downtown parcels under the Housing Accelerator Fund.
edmontonjournal.com
archited
Senior Member
Any guesses about who is vying for a piece of the action... my guesses (and they are just that) include Maclab's site on the SE corner of 108th Street and 102nd Avenue; the Massey Ferguson site; Katz' site on 104th Street; multiple Westrich Pacific sites; Autograph's site on 106th Street -- those are kind of the obvious ones. Less obvious might be the former "North" site and the former "Bay" site (102nd Ave.) and maybe Gene Dub's land in the Quarters..
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northlands
Senior Member
I wonder if that BLVD lowrise proposal on 108st is pivoting to a student housing concept to try and grab grant dollars also?
Dubas
Active Member
Don’t believe any Katz properties are in the mix, from what I’ve heard.
thommyjo
Senior Member
Good. Enough subsidies for the broken promises boys…
Kosy123
Senior Member
I'm curious in the ROI for total units that come from this program.
calgaryherald.com
I get it's a different program, different dynamics and type of housing too, but this one conversion in Calgary cost a total of $83 million for a total of 204 units. I feel like grants/subsidies here go a much longer way here than in Calgary, or other cities.
$83M office-to-housing conversion project to add 204 affordable units in downtown Calgary
The federal government, city and partners have committed to convert a vacant downtown office tower into 204 affordable rental homes.
calgaryherald.com
I get it's a different program, different dynamics and type of housing too, but this one conversion in Calgary cost a total of $83 million for a total of 204 units. I feel like grants/subsidies here go a much longer way here than in Calgary, or other cities.
TAS
Senior Member
Falcon II as well I'm pretty sure.
northlands
Senior Member
Interesting project, but wish the article wasn't so scant on details. The Feds & City of Calg subsidizing a for-profit developer's project to the tune of $377k per door is a bit bewildering, even on an 'affordable' housing project w/ on-site supports.I'm curious in the ROI for total units that come from this program.
$83M office-to-housing conversion project to add 204 affordable units in downtown Calgary
The federal government, city and partners have committed to convert a vacant downtown office tower into 204 affordable rental homes.
I get it's a different program, different dynamics and type of housing too, but this one conversion in Calgary cost a total of $83 million for a total of 204 units. I feel like grants/subsidies here go a much longer way here than in Calgary, or other cities.
Markyeg
Active Member
It’s not
bodsbods9090
Senior Member
So for anyone in the know on these funds, are there going to be any surprise projects that we'll hear come out of the woodwork when things are ready to be announced?
Avenuer
Senior Member
archited
Senior Member
I thought the rules precluded any projects that had already been approved, that already had DPs, and were marketable in their own right. I'll have to go back and read the outline again.
ChazYEG
Senior Member
I wouldn't be shocked if the Massey Ferguson project came through with this. The Kelowna-based firm involved in it is a big local player in the student housing here and had several projects at UBCO. To be very honest, this is probably the one I am hoping for the most, as it would start injecting some life on 103 ave and would tie up the north end of the Warehouse district very well with McEwan University.