bodsbods9090
Senior Member
Where did you see that in the post?
Connect Centre | 56.3m | 16s | ONE Properties | DIALOG
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Friendmonton
Active Member
From my understanding, they were just the ones who bought the property. No plans or proposals for anything.
northlands
Senior Member
So what’s happening with ONE Properties as well? Did they transfer their assets to Integro Investments (who has now sold some part of ICE to this Indigenous group)?? Or just Edmonton assets? I see Citizen on Jasper, which was developed by ONE, now says managed by Integro as well on their website.
Which also begs my next question: if we are still to see something proposed soon on the Connect Centre site, who is the developing entity? Katz Group?
Which also begs my next question: if we are still to see something proposed soon on the Connect Centre site, who is the developing entity? Katz Group?
Oilguy
Active Member
One is in receivership I believe.
As for this site I would have to think any development would be by the new owner as they purchased the air rights.
Avenuer
Senior Member
That would make sense as Edmonton Tower is no longer being managed by One, it is now Epic.
scyeg
Active Member
Just the announcement of the sale? This is the news we were all waiting on for two weeks?! Sigh.. Meanwhile, I heard Fairmont just announced they’re planning on building a new DT Calgary hotel.
degrandprix
Active Member
Maybe not, Dubas & Didama haven't posted here yet.
MacLac
Senior Member
Yup, it's in the video, "35 storey residential tower......"
Kosy123
Senior Member
Indigenous communities are usually pretty fast and committed to development, so this is actually quite good news.
yeggator
Active Member
Yeah, Enoch has been setting a good example so far with the River Cree expansion.
Kosy123
Senior Member
Them and the Squamish with that waterfront Vancouver project. Curious to see if they’re going to proceed asap here.
husky
Active Member
Well that was a bit out of left field. Interesting that they are not local too, so they must see some ROI on the asset which is good. Interested to see the plans/timing of the residential tower.
Kosy123
Senior Member
I mean we’ve heard time and time again that institutional investors stay away from investing in Edmonton. So if our solution is to get new and interesting non-local investors who want to take a chance here then why not.
I’m bullish on downtown Edmonton so maybe they see something others don’t.
Oilguy
Active Member
Wish I could like this post 1000 times. Build partnerships and relationships with other parties, stop chasing the money that has never ever wanted to be here.
Avenuer
Senior Member
Guess we will see how quickly they want to move on the tower portion now, hopefully soon!