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    Edmonton Real Estate Market

    Council and Sohi were sworn in October 26, 2021. Policy C625, 2021 Edmonton Economic Recovery Construction Grant Incentive Policy was approved by the previous city council on January 26, 2021 and was obviously in the works well before then. To say that this council and Sohi provided and were...
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    Edmonton Real Estate Market

    While not an announcement per se, this past Tuesday admin published a recommendation to spend up to $65M on bike lane lighting https://pub-edmonton.escribemeetings.com/FileStream.ashx?DocumentId=218508 My point still being, the people at the top arent willing or do not know what needs to be...
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    Edmonton Real Estate Market

    Because quite frankly no one at the top has demonstrated they know how to do anything at all that benefits downtown and Edmonton. This city is run by a group of individuals who are unoriginal and uninterested in solutions. City council just voted against a potential solution of incentivizing...
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    Edmonton International Airport (EIA/YEG)

    Two years ago I reached out to EIA management regarding my concerns with Edmonton's (lack of) connectivity. Carmen Donnelly, who is their Vice President, Passenger Experience & Terminal Operations was very nice enough to schedule a sit down with me. During my discussion with Carmen, she walked...
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    Edmonton International Airport (EIA/YEG)

    To be fair, it is also very much on EIA and the work they do/need to do on reaching out to airlines, which according to the most recent master plan to 2048, there is little ambition to grow connectivity to Edmonton. In their latest master plan published this year, it very much reads like EIA is...
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    Tower 101 | 175m | 50s | Regency Developments | DER + Associates

    You didnt read the fine print properly: "You could win a C-Class Mercedes***" ***if we were to do a draw
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    The Clifton | 55m | 15s

    In this current market environment with rates, a soft condo market, and the limited market for luxury condos any type of bank financing would likely require 100% presales Yes, I heard that the penthouse that was sold was actually on a $ per sq. ft. basis a record for all of Alberta, higher than...
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    The Quarters

    If only the city had a municipal development corp that could lead the development of vacant land like the Calgary Municipal Land Corp in East Village, or Canada Lands in Griesbach, or U of A Properties Trust in Michener Park, etc.
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    Blatchford Development | ?m | ?s | City of Edmonton

    https://edmontonjournal.com/news/local-news/timelines-profits-for-edmontons-blatchford-project-lack-evidence-audit The City of Edmonton is not a developer, does not have development competencies, and is not a for-profit business. The city needs to stop pretending it is a developer while losing...
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    Downtown Real Estate

    Which should be a shock to absolutely no one that the Mayor doesn't understand how this works. Sohi needs to be out as mayor yesterday. This is mindset from him is exactly the type of lack of city building, lack of bold leadership, lack of vision, and demonstrated ineptitude that drives my...
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    Edmonton International Airport (EIA/YEG)

    That's an AC Jetz charter, the Avalanche coming in from Minnesota tonight for tomorrow's game here in Edmonton
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    Downtown Real Estate

    Projects we are seeing downtown are struggling to get viable. Edmonton is just not seeing the rental rate growth we need in downtown for some projects to be worth moving forward on. Its double edge, rental rate increases are negatives for renters, but to have some of these downtown projects go...
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    ICE District Phase 2 | 149.95m | ?s | ICE District Prop.

    Probably, no wait that was the Alldritt tower, no wait that was a large quarters development/headoffice, no maybe it was the BMO tower, or was it the revival of the Edmontonian, or …never mind I lost track of all the claims and no starts
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    ICE District Phase 2 | 149.95m | ?s | ICE District Prop.

    Fast forward, its April 2029, carrot plans for the Ice District phase 2 have been dangled for 10+ years, and you see this in the news - "City of Edmonton grants extension to agreement allowing gravel parking lots north of Rogers Place for 5 more years on the basis that it is only 5 more years...
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    Municipal Politics

    Absolutely no doubt that Sohi is on the mark. The city continues to be shortchanged by the province not just on the items that are listed in the letter but nevermind the continuous never ending funding that Calgary is getting for their BMO center, the new arena, and the most recently announce...
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    Paramount Redevelopment | ?m | ?s | ONE Properties

    It is zoned DC1 and has a proposed 369-unit residential tower under that zoning https://oneproperties.com/properties/paramount/ https://webdocs.edmonton.ca/infraplan/zoningbylaw/zoningbylaw/part2/Direct/710_(DC1)_Direct_Development_Control_Provision.htm Also as an FYI, the old Dwayne's home...
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    Paramount Redevelopment | ?m | ?s | ONE Properties

    In my opinion, this is one of the properties that should fall under the city's new tax class for dilapidated properties. Does it? Edit, it should as per the city's website for being boarded up and abandoned...
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    The Quarters

    Based on conversations I have had with various individuals in the business community, my direct involvement in the business community (working with developers, working at Chamber of Commerce, positions on governance boards for Edmonton based organizations) I will take your comment a step...
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    The Quarters

    Anecdotal, but I was speaking with a large well known developer in Edmonton (the family name is all over town). What struck me was that he said over years and different councils he has been approached on ways to develop different areas of the city with their land holdings, and they have...

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