Massey Ferguson Building Redevelopment | ?m | 48s | Rise Real Estate | WZMH

[strata]

Sounds like the land is currently pending with a German group, short conditional period as well.

Can confirm it was the German group.

 

[Glenco]

When the site was apportioned into lots the British system of measurement was the standard and you will notice that the realtor indicated the site was +/- 75,000 square feet. I believe the lots here are 150' deep which would mean that the frontage would be 500'; I did however, err in the length takeoff and I believe that it includes the entire block minus the historical portion of the Massey Ferguson site. That said this is all guess-work until someone can state the property size for certain.

I believe you are correct if that block had 10 lots each 50ft wide and 150ft long which was pretty standard for the day.

 

[IanO]

A reminder of what could have been.

Massey Harris Ferguson Development, Edmonton, Alberta

Located within the historic Warehouse and directly adjacent to the city’s new Arena District, the development explores the theme of multiple towers on a p…

www.wzmh.com

 

[Kosy123]

Here's hoping we get something decent built here. If it's a REIT that wants to move quick, then I have full faith in the power of German efficiency to get it done lol

 

[Gus Haynes]

Can confirm it was the German group.

Kraftwerk? Rammstein? Hasselhoff?

 

[The_Cat]

I thought Kraftwerk was more into Autobahns,

 

[Gus Haynes]

♪Fun fun fun on the Massey Ferguson.♪

 

[MacLac]

Kraftwerk? Rammstein? Hasselhoff?

I call it the “Draisaitl effect!”

 

[VaultBoy]

I hope that this foreign company wants to build a tower here

 

[MacLac]

For $11.5M - either they want to sit on it and flip and make $100 bucks profit OR they want to build something big and expensive. I would assume that clapboard 6 storey framers would behoove themselves from utilizing the purchase to it's full potential......

 

[Offworld]

I'm not too knowledgeable on this as much, but would the fact it's a foreign buyer (German REIT) make it likelier that the property is developed or less?

I could be wrong, but doesn't a German fund own the City Centre mall? If so, take what you will from that land play?

 

[Kosy123]

I could be wrong, but doesn't a German fund own the City Centre mall? If so, take what you will from that land play?

I just searched it up and it seems like La Salle owns it on behalf of a Bavarian pension fund so you're right. Hopefully an empty lot is different circumstances rather an already existing asset.