Downtown

[IanO]

That's a stretch... but not impossible if we had 50-100k living Downtown.

 

[buildings]

^just making the point that such stores can exist in a dense urban environment. Further, they don't need to be the same size as found at SEC. Urban format sized stores can be a thing. Notice how Best Buy is now putting small format stores into places that wouldn't fit a full sized store such as WEM and Sherwood Park mall.

 

[IanO]

 

[Gronk!]

AM/PM convenience store is now closed in the Mayfair building in the SE corner of Jasper Ave and 109 St. A nearby tenant was blaming the incompetent owner/manager due to a lease rate hike.

 

[thommyjo]

AM/PM convenience store is now closed in the Mayfair building in the SE corner of Jasper Ave and 109 St. A nearby tenant was blaming the incompetent owner/manager due to a lease rate hike.

The owner of that place is a moron according to a few different people I know haha. Not sure the full story, but the Phoenix diner thing is apparently owned by the building owner too?

 

[Kosy123]

Pretty minor but the Financial Building's new 33 units are supposed to be on the market sometime this month (got the info from Rentfaster). With the Connect Tower, that's 124 more units online.

Connect Tower apparently is 36% leased up too from Maclac's embedded LinkedIn post on that thread, which is pretty impressive.

 

[Greenspace]

View attachment 726855

Michael Phair himself noticed this and is following up with the City.

 

[Avenuer]

The owner of that place is a moron according to a few different people I know haha. Not sure the full story, but the Phoenix diner thing is apparently owned by the building owner too?

The owner is Procura

 

[northlands]

The owner is Procura

Pretty sure a REIT bought it some years ago from Procura

 

[thommyjo]

The owner is Procura

Might be the main manager of the building or something? Somehow is involved with the whole property and also Phoenix diner.

The turnover in that building is astounding.

 

[IanO]

Rents were way out of touch at one point.

 

[SarcasticMarmot]

Rents were way out of touch at one point.

Rents are way out of touch in most of downtown.

 

[IanO]

Downtown are way out of touch in most of rents?

 

[TAS]

Downtown are way out of touch in most of rents?

For both residential and commercial/retail?

 

[IanO]

Commercial/retail in some cases.

Also, 'The Common’s patio footprint from 60 seats to 20 to avoid a $3,700 fee.', The Cask will be closing theirs and only doing a small daily removable one, Druid's is gone, curious to see if 1905, Rocky/Fu's remain.

Penny wise, pound foolish.