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

[JNO1]

What a complete @$$ clown.

 

[JuliallThat]

Just imagine what could happen once we successfully pressure Regency!

 

[Edmcowboy11]

Don't make me cry

 

[Gronk!]

City mulls taxing derelict commercial properties more

Commercial properties that are rundown could face higher taxes in the future, as the city considers adding a derelict tax subclass for non-residential properties.

edmonton.taproot.news

 

[Gus Haynes]

I am begging city council to go off like this:

 

[Gus Haynes]

 

[northlands]

“There’s a way to make that site look much, much tidier, even if you have to leave some of the structural elements in,” [Anne Stevenson] said. “I’ve been meeting with the property owner for years, basically since I was first elected. We would meet, I’d sort of hear a commitment to make some changes, and it just repeatedly seems not to happen.

“The property owner has invested in wraparounds in the fencing. But we’re just in a cycle where the wraps get put up and they get torn down. Nothing’s actually addressing the overall look of the site.”

Stevenson said she told Regency in March that she would be asking city staff about “enforcement options” when it comes to the BMO site.

Aaand that's why you're being targeted, Regency.

 

[Kosy123]

Are we supposed to feel bad for Regency? Like bro just clean out the rubble at least.

When this entire forum (with varied and diverse opinions) is flaming you, you fucked up.

 

[David A]

just put the site on sale already!

Yes, it has been almost 8 years now. If they can't get their act together and even maintain the site better, just sell to someone who actually cares and/or has the resources to do more with it.

 

[The_Cat]

Take some responsibility, Regency. You could have demolished the whole site, and replaced it with grass, like the old Johnstone Walker site at Jasper and 102 Street.

 

[David A]

Take some responsibility, Regency. You could have demolished the whole site, and replaced it with grass, like the old Johnstone Walker site at Jasper and 102 Street.

Their statements in the Journal article also seem a bit misleading to me. The city encouraged them to decide quickly about tearing down the old building here because of the LRT construction schedule, but it did not force the developer to do. There is a difference and this is yet another bad example of what happens when things are torn down in haste.

 

[Adam123]

No picture but for sale sign went up today on the nw corner! Omada I think.

 

[Canadian 001]

No picture but for sale sign went up today on the nw corner! Omada I think.

F***ing finally

 

[Stevey_G]

I get the feeling (thought it hasn’t been outwardly stated) that they thought demolishing a basement with a vault in it would be as simple as taking a wrecking ball to a few walls and using a crane to remove the door.

I would LOVE to see what the engineering assessment on that vault is/will be. But I bet that Vault is cast in place with crazy ass steel reinforced concrete and being what the bank was, everything is probably big. Like the door alone will require rigging and specialized matting to get it out.

All costly things that will cut into the sale price for a competent purchaser. Which also has me concerned that Regency will just sit on it and shrug their shoulders saying they’re doing their best to get a fair deal regardless of the economics of the situation.

 

[kcantor]

^
Or you do what Ruth’s Chris did with the ones in their basement space and simply repurpose it. All it would take would be a bit of additional underpinning.