The Parks | 146.91m | 45s | 35s | 13s | Pangman | Hariri Pontarini

What do you think of this project?

  • Total voters
    101
Hopefully Parks 1 catches a big uptick this summer/fall.

It caught the end of a lot of projects coming online (Falcon 1, switch, enbridge tower conversion, then everything west of 109st too like mercury, hat122, abbey lane, Edward). So I’m not surprised it has been slower.

But with the park done this summer as a huge benefit and no new projects finished by fall (unless lotus is done?), there should be a lot less new inventory to absorb.
 
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thommyjo said:
Hopefully Parks 1 catches a big uptick this summer/fall.

It caught the end of a lot of projects coming online (Falcon 1, switch, enbridge tower conversion, then everything west of 109st too like mercury, hat122, abbey lane, Edward). So I’m not surprised it has been slower.

But with the park done this summer as a huge benefit and no new projects finished by fall (unless lilac is done?), there should be a lot less new inventory to absorb.
Click to expand...
We don't have a lot finishing this year, we've only got these:

Connect Tower - 100 units
Financial Building Conversion - 33 units
Lotus Park - 152 units
Williams Hall - 90 units

It's 2027-2030 that we're going to probably have a lot of units come in every year.
 
Kosy123 said:
We don't have a lot finishing this year, we've only got these:

Connect Tower - 100 units
Financial Building Conversion - 33 units
Lotus Park - 152 units
Williams Hall - 90 units

It's 2027-2030 that we're going to probably have a lot of units come in every year.
Click to expand...
Yes, that is well under 500 units, so a lot of what has been already built but not occupied should be absorbed this year, which could then be when new construction happens either later this year or shortly after.
 
What are we thinking here? I see Parks phase 2 here…….60% occupied after 1 year? The Switch took 2 years to reach 88% occupied.

Notice more refinement in the lower rise portion....

IMG_3180.png
 
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In a related subject, Blatchford won Best New Community at the 2023 CHBA National Awards:
blatchfordedmonton.ca

Blatchford: Best New Community | 2023 CHBA Awards

Discover Blatchford wins Best New Community at 2023 CHBA Awards for innovative land use concepts, amenities, and environmental initiatives.
blatchfordedmonton.ca blatchfordedmonton.ca

😂

I digress. I love The Parks and I would like nothing more than to see Phase 2 start. The point I was trying to make (in a poor attempt at being funny) is that winning awards does not guarantee success or market acceptance. The Parks will continue once the first building is substantially leased and there is a business case to keep building...which will happen, it's just taking a little longer than we all want
 
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