News   Apr 03, 2020
From the Editor: A Message to Our Readers
 7.3K     3 
News   Apr 02, 2020
Topping Off March 2020: What's Hot on SkyriseEdmonton
 7.5K     0 
News   Apr 02, 2020
News Roundup for April 2, 2020
 2.6K     0 

Downtown Real Estate

Commercial FinalTo construct Interior Alteration for a new office - Visio Media, Petwin Tower 12th FloorOffice Buildings (520)(03) Interior Alterations

General Building Permits | Edmonton - Open Data Portal

List of issued building permits from the City of Edmonton - Sustainable Development Department for the public to do construction or maintenance on a structure located in the City. Note - All records start from January 1, 2009. Please note : the decision was made to not release applicant...
data.edmonton.ca data.edmonton.ca
 
Commercial FinalTo construct tenant improvement - 14th floor Royal Bank Building - new fitup for D group occupancy "SHOWBIE"Office Buildings (520)(03) Interior Alterations

General Building Permits | Edmonton - Open Data Portal

List of issued building permits from the City of Edmonton - Sustainable Development Department for the public to do construction or maintenance on a structure located in the City. Note - All records start from January 1, 2009. Please note : the decision was made to not release applicant...
data.edmonton.ca data.edmonton.ca
 
Ice District helps 101st Street attract top lease rates
101st Street remains Edmonton’s most expensive office street, holding onto fourth spot on commercial real estate firm JLL’s annual listing of Canada’s most desirable office addresses.

Office space commands average gross rent of $48.89 per square foot despite rising vacancy rates. “The new towers along 101 Street and the growing ICE District continues to attract people seeking a live-work-play lifestyle,” the firm reported.

Calgary’s Stephen Avenue dropped to sixth place with rental rates of $41.21 per square foot as downtown vacancy rates climbed to 25%. The street ranked second in 2014 before oil prices fell. Edmonton was ranked fifth that year.

Canada’s top three streets: Bay Street in Toronto ($77.96 psf), Burrard Street in Vancouver ($66.25 psf), Avenue des Canadiens-de-Montréal in Montreal ($55.38 psf).
Click to expand...

mailchi.mp

Taproot Edmonton Business Roundup: December 20, 2019

The latest headlines & happenings in local business. 101st Street remains Edmonton’s most expensive office street, holding onto fourth spot on commercial real estate firm JLL’s annual listing of Canada’s most desirable office addresses.
mailchi.mp
 
As per this article in the Atlantic (https://www.theatlantic.com/ideas/a...-gone-insane/605005/?utm_source=pocket-newtab), Edmonton should not be too surprised with the withering condominium market -- we could be in NYC's shoes (so to speak) where half the condominiums built in the last five years remain unsold (at least Edmonton didn't overbuild). The rental market remains strong in Edmonton and as new ventures unfold in the Great White North -- the Big E -- I anticipate both the rental market AND the condo market revving up to unseen heights (double entendre). I say this also recognizing that the homeless situation needs to be rectified as well.
 
“Condo had been beleaguered for quite some time, but over November and December prices have started to creep back up, exceeding the previous year’s figures,” Shearer says.

Shearer points to pockets of strength in the city driving the market, including downtown’s Oliver neighbourhood where a number of condominium sales occurred later in the year.

“That’s likely where that small bump up in average condo prices could be coming from.”

In contrast, the bungalow market has struggled, seeing prices fall by 5.1 per cent to $361,943, year over year for the quarter.
Click to expand...

edmontonjournal.com

Realtor data shows Edmonton’s real estate market gaining momentum, despite slight drop in prices

Prices for Edmonton homes saw a modest decrease in the last quarter of 2019, with some market segments actually showing price growth.
edmontonjournal.com edmontonjournal.com
 
archited said:
As per this article in the Atlantic (https://www.theatlantic.com/ideas/a...-gone-insane/605005/?utm_source=pocket-newtab), Edmonton should not be too surprised with the withering condominium market -- we could be in NYC's shoes (so to speak) where half the condominiums built in the last five years remain unsold (at least Edmonton didn't overbuild). The rental market remains strong in Edmonton and as new ventures unfold in the Great White North -- the Big E -- I anticipate both the rental market AND the condo market revving up to unseen heights (double entendre). I say this also recognizing that the homeless situation needs to be rectified as well.
Click to expand...

So in your opinion how many projects do you see starting this year in Edmonton? I'm with you. I do see more rentals popping up in Edmonton than condo's for the next little while.
 
@bodsbods9090 I think Edmonton's residential market is strong (as per info provided by @Daveography ) and I think that it will continue to grow as secondary and tertiary industries grow out of natural resources sectors (I have always been one to believe that Edmonton should work to limit an economy based on "raw" resources). And now that industry based on VR and AR and so-called "intangible assets" has a major toe-hold in the City, I actually anticipate a post-energy-economy boom to propel the City to new heights. To your specific question, I think that it is easier to talk about the projects that I feel are less likely to proceed, leaving the rest as probably/most likely moving forward. Going down the list as they appear under the "Buildings" heading: 1. I think that the Edmonton Motors project will likely stall (too many players and some with limited vision involved) -- I would expect this one to be sold as a land deal and then maybe something will happen there at some point in the future. 2. Ice District Block BG will sit vacant for several years (this is a shame because it is one of the most viable projects in the City, considering its immediate proximity to the already built-out portions of ICE) partly because Katz has health problems that are demanding his attention and partly because City administration doesn't understand the relevance of imaginative infrastructure. 3. ICE District tower (Baccarat Casino site) for the same reasons as (2). 4. The Mezzo in Ole Strath for financial instability reasons (sadly). 5. Lewis Farms -- thanks to the Provincial Government fiscal restraint policy and the way it is impacting the City. 6. Jasper Gates Redevelopment -- hinges on the westward leg of LRT. 7. the Arlington Site -- bound up in legal problems. 8. Strathearn Heights -- bound up in imaginings that the City is going to front a ton of infrastructure development. 9. Artists Quarters -- imagination doesn't sync with demand. 10. Yorkton Twin Towers and Pacific Mall -- if it proceeds, it will most certainly trail other more viable projects. 11.Nordic Spa -- the news is already out. 12. Jasper House -- obit already written. That said it is an excellent site and if some organization can purchase this from "The Condo King" it might have a chance of moving forward -- there is/should be pressure from the City to otherwse add the site into the Warehouse district park. 13. the Bonnie Tower -- a "head fake" on Procuras part to gain favor for their government area parking structure -- never was a serious proposal. 14. Mackenzie Tower will proceed at some point in the future when high-rise development fills in around this area -- 4 to 6 years is my guess. 15. Jasper and 115th Street (filling local individuals dream list) -- not feasible with the existing players. 16. Hat at 122 -- I think their more recent proposal for 124 supercedes this one. 17. Blue Chicago Development -- dead and gone. 18. Edmonton Lab Hub -- Thanks Prov. (not). 19. Civic Quarters -- was a proposal that lost out to Edmonton Tower. 20. Redbrick Civic tower (same reason as (19). 21. Limak Project -- turned down. 22. Massey Ferguson Redevelopment -- fishing for a land sale. 23. Fairmont Tower -- pie in the sky. 24. Galleria Project -- concept too bold for City administration to grab on and too many players needing to fall into alignment. 25. FCE Building -- college bought existing Dub building instead. 26. North Tower (Condo King again). 27.Northlands -- City Admin will sit on this for years. 28. Paramount redevelopment -- for sale/not for sale; need for partners/no need for partners -- confusion reigns here. 29. the Edmontonian -- long dead and will remain so; ICE district will precede any development here. 30. Citadel Cloud -- one step too imaginative. 31. Oh wait, there is no (31) -- I believe that everything else will proceed through Edmonton's nightmarish City approval process. This was a fun exercise, but now I must get back to work.
 
You must log in or register to post here.

Back
Top