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MLI is the saving grace for these projects in Edmonton. Median renter income is very high, meaning the affordability threshold is proportionately high. As a result, As avenuer said, "affordable" rates per cmhc are not much below market in Edmonton. You can hit 100 pts on MLI pretty easily in...

The oliverbahn has been an incredibly important part of this area's transformation - talk about ROI on a bike lane. Should be used as a huge advertisement for the economic impact of bike lanes.

I thought the brick accents were going to look good based on the renders...but not so. The depth of the brick portions looks so odd

I think your jameson prediction may still come true. Perhaps not construction start, but I sense a change in ownership is afoot.

Yeah, I don't follow that example either. A bank lends money based on the income a property produces, which dictates its value (in most retail scenarios). If it's vacant for a long time, you're not going to be able to get good financing terms on it when the loan comes up. Regardless of whether...

Probably just a refi. Funds from refi being used for phase 2 would be ideal

These units are going to be spectacular. If anyone's ever been in a space designed by walker mckinley, you'll know he does not half ass any detail. I'm very excited to see the final product here.

This is a very interesting size and scale - not many others doing 4 storey rental buildings of this size, but Pangman has it here and in queen alex. There must be some sweet spot of cost/schedule/underground at this scale.

I'm not entirely sure what you're trying to say here? If anyone's getting concrete highrise done at $300 psf, they're a miracle worker.

Any updates from the tour? I am happy to be proven wrong, but I'll be absolutely astounded if this moves forward under current ownership. 2 years of carrying costs on an empty hole, while construction costs have skyrocketed in the meantime? Pardon the pun, but it seems like a deep hole to dig...

the only people calling edmonton's condos a "top investment opportunity" are those with zero understanding of the local context.

At the direction of its owner, who was not interested in hearing criticism of the idea - no matter how out to lunch it was. I wouldn't lay the blame on holo blok. I thought their design was kinda cool, despite how outrageous the general idea for the development was.

Edmonton does have the added advantage of actually being able to get MLI select points on affordability - something that most other big city markets just can't do.

The courtyard at the duke in vancouver (another edgar project) is very cool. I have high hopes for this one.

That EDC presentation is very well done. Still not sure how on earth this works financially, but I hope it goes ahead.

Don't disagree about 99th being unpleasant to walk along, but i don't think strathcona has been losing population? Where's that idea coming from?

I'm not as down on this one as others. Sure, they seemed to have missed the mark a bit on the staggered effect of the facade, but I am still holding hope that it'll come together a bit more once the remaining parts of the envelope are finished off. It should make it look less busy.

I don't have much of a problem with these types of incentives - especially when they actually achieve the intended results. Development grants are one of few financial mechanisms the City has at their disposal to encourage & steer development in the direction of the city plan. I'd rather they...

Luckily Edmonton has very different constraints and pressures than Vancouver - and ones that I think are a lot more feasible to work around from a general planning and development perspective. Vancouver is just a lost cause when it comes to affordability. Barring complete environmental...

The proportions of the tower from that angle are very satisfying.