The Parks | 146.91m | 45s | 35s | 13s | Pangman | Hariri Pontarini

[MacLac]

Whose left before the wrecking ball shows up?

 

[Gronk!]

That Money Mart on 108th & Jasper is now closed and moving. Maybe a sign of things to come...?

Inasal Grill Avenue also needs to move out.

 

[Friendmonton]

I was under the impression the lacklustre occupancy rate was either delaying or causing a rethink. Hope I heard wrong.

 

[IanO]

 

[JMatt88]

April Fools? AI generated to be April Fools?

 

[inclusion]

I was under the impression the lacklustre occupancy rate was either delaying or causing a rethink. Hope I heard wrong.

Probably delaying, given the sunk costs on this. I'm not too concerned, ebbs and flows in Real Estate. I think they will watch closely how Westrich's buildings, etc., lease up, and then go from there, given the number of units they would be adding. Might be more in the 5-10 year timeline, depending on what absorption looks like, which, honestly, is better than a bunch of buildings sitting empty. Hard to attract businesses like Cory is attempting to do if all of them are sitting empty.

I really hope this goes ahead, given the quality (it's an outlier in our market), but the rents they have to demand to meet their pro forma are significantly higher than those of other developments.

 

[MacLac]

I was under the impression the lacklustre occupancy rate was either delaying or causing a rethink. Hope I heard wrong.

Hotel occupancy rate? Nothing to do with apartment rentals……

 

[Friendmonton]

Hotel occupancy rate? Nothing to do with apartment rentals……

No, how may units/total are currently being rented. I’d be curious to see if they’re above 60% now.

 

[beyondthecurve]

Does anyone have a prediction of when this will be starting?

 

[IanO]

From all reports it will be 'a while'.

 

[constance_chlore]

There are For Lease signs on the former Money Mart

 

[beyondthecurve]

From all reports it will be 'a while'.

Oh okay. I had heard there was a new highrise ready to begin construction. A friend of mine thought it was this one.

 

[MacLac]

Does anyone have a prediction of when this will be starting?

Way sooner than later

 

[Glenco]

There are For Lease signs on the former Money Mart

View attachment 728580

I wasn't going to mention that

 

[Markyeg]

Oh okay. I had heard there was a new highrise ready to begin construction. A friend of mine thought it was this one.

Falcon 2 is pretty close to starting