Downtown Real Estate

[IanO]

No casino. Mixed use res.

 

[bodsbods9090]

Tell whoever wants to buy this site instead look at that eyesore lot from Regency right close to it instead and develop that!

 

[thommyjo]

Tell whoever wants to buy this site instead look at that eyesore lot from Regency right close to it instead and develop that!

Or the 2 massive lots across from it we are also waiting to get developed…

 

[David A]

What is is that seems to draw people like bugs to light to want to tear down maybe not great, but usable buildings to build something new, instead of nearby already empty lots?

 

[ADob]

It shouldn't be allowed. There surely must be some sort of regulations the city could put in place to prevent this from happening over and over again.

 

[Jspr]

The historic Paramount Theatre on Jasper Avenue is now up for sale after being placed under receivership following ONE Properties’ bankruptcy. Built in 1952, the theatre has long been a landmark in downtown Edmonton, though it hasn’t operated as a cinema in years. According to Western Investor, the property is being marketed for redevelopment potential, which could attract buyers looking to invest in the evolving Jasper Avenue corridor.

 

[David A]

Yes, it probably has redevelopment potential sometime in the future, but with other empty lots currently languishing downtown now and nothing big being built right now,whoever buys it perhaps needs to focus first on making use of what is there and maintaining it for at least several years. We really do not need another building downtown demolished and turned into an empty lot or a parking lot.

 

[policyenthusiast]

With your financial support, this could be Edmonton's skyline in 2027.